Both the company and the employee contribute 12% of the basic salary every month to PF. PF can be withdrawn completely at the time of retirement. Not only this, in certain circumstances, partial withdrawal can also be made from the PF fund. The money deposited in PF is tax-free. Today we will tell you when and how partial withdrawal can be made from the PF fund.

All the money deposited in the PF fund can be withdrawn only in two situations. At the time of retirement and on becoming unemployed. If you are unemployed for more than 1 month, you can withdraw 75% of the outstanding amount. After 2 months of unemployment, you can withdraw 100% of the PF balance.

When can we withdraw?

Partial withdrawal can be done only in certain circumstances. To make partial withdrawal from PF, employees will have to fill Form No. 31. To withdraw PF, the employee’s UAN number should be active. Along with this, the mobile number linked by you should also be active. Apart from this, the employee’s Aadhaar card should be added to the EPFO ​​​​account database. Tell us when partial withdrawal from PF can be done.

PF money up to 6 times the monthly basic salary can be withdrawn for medical treatment of the employee, spouse, children or parents in case of illness
. If the contribution + interest is less than 6 months basic salary, then only the available contribution and interest can be withdrawn.

After seven years of service, 50% of the employee’s PF contribution can be withdrawn for marriage. An employee can withdraw money from PF for the marriage of his child, brother or sister .

Education

After seven years of service, an employee can withdraw 50% of his PF contribution for his education or his child’s education. For this withdrawal, it is necessary that the expenses of education after 10th standard are being met.

Construction of a house or purchase of land

For purchasing land, an employee can withdraw up to 24 times the monthly basic salary plus dearness allowance from his PF account. Also, for construction of a house, one can withdraw up to 36 times the monthly basic salary plus dearness allowance. This withdrawal is limited to the actual cost of the land or house. To withdraw money for these works, it is mandatory to work for at least five years.

Money can also be withdrawn from PF before retirement to repay the house loan for home loan repayment

. Up to 36 times the monthly basic salary and dearness allowance or the amount of the home loan including interest, whichever is less, can be withdrawn. But for this, the employee must have been in service for at least 10 years. Partial withdrawal from PF is also possible for house renovation.

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While chairing a review meeting of the Rural Development and Panchayati Raj Department, the Chief Minister said that the government is committed to providing essential services to the people at their doorsteps.

Other important statements of the Chief Minister:

State Economy: CM Sukhu said that rural development is necessary to strengthen the state’s economy. Successful implementation of various schemes is necessary in this direction. Under MNREGA, a target of 344.31 lakh man-days has been achieved in 2023-24, which is more than the initial target of 275 lakh man-days. A target of 300 lakh man-days has been set for the next year, out of which 214.51 lakh man-days have already been earned.

ODF Plus Model:

The Chief Minister also discussed the progress in converting villages into Open Defecation Free (ODF) Plus model. He informed that 17,582 villages will be converted into ODF Plus model in 2024-25, while 9,203 villages have already achieved this status.

Women Empowerment:

CM Sukhu also underlined the efforts for women empowerment under the National Rural Livelihood Mission (NRLM). So far, 43,161 self-help groups have been formed, which have been provided financial assistance to promote economic activities.

Rural Development and Panchayati Raj Minister Aniruddha Singh also reaffirmed the government’s vision towards empowering gram panchayats and rural development in the meeting. He also said that coordinated efforts among various stakeholders are important for the successful implementation of departmental schemes.

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After the daughter gets married and goes to her in-laws’ house, it is said that her share in the property has been extinguished. In such a situation, the question is whether a married daughter can claim ownership rights over her father’s property?

In India, laws have been made regarding distribution of property. According to this, not only the son but also the daughter have equal rights in the father’s property. Whether the daughter is married or unmarried. He also has the same right on his father’s property as the son. However, there is lack of awareness regarding this among women. Due to lack of awareness, daughters are not able to raise their voice when the time comes. Therefore, girls need to be aware of their rights and they should be legally aware of all their rights related to property.

Can a married daughter claim her rights on her father’s property?

Can a married daughter claim her rights in her father’s property? The answer is yes, a married woman can claim her rights in her father’s property. After the amendment of the Hindu Succession Act, 1956 in the year 2005, the daughter has been considered as co-heir. Now the daughter’s marriage does not change her rights over her father’s property. That means, even after marriage, the daughter has rights over her father’s property. According to this, the daughter has as much right on her father’s property as the son.

When can a married daughter not claim her rights on her father’s property?

If the father transfers his property to his son before his death, then the daughter cannot claim her father’s property. Also, in case of self-made property, the daughter’s position is weak. If the father has bought land, built or purchased a house with his own money, then he can give this property to anyone he wants. It is the legal right of the father to give the property created by himself to anyone as per his wish. If the father refuses to give the daughter a share in his own property, then the daughter cannot do anything.

What does the law of the country say?

In the year 2005, by amending the Hindu Succession Act, 1956, daughters have been given the legal right to get an equal share in the ancestral property. This law was made in 1956 for the provisions of claim and rights on property. According to this, the daughter has as much right on her father’s property as the son. Strengthening the rights of daughters, the 2005 amendment to this succession law ended any doubt about the rights of a daughter over her father’s property.

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Not only this, many provisions have also been made in the Indian Constitution regarding women’s rights. This is a big reason, due to which women in the country are moving forward on various fronts. Same thing when it comes to property rights related to women.

In such a situation, many women have a lot of confusion regarding this. Many people believe that women also have full rights in their husband’s property after marriage. However, this is not completely true. In this series, let us know what rights a wife gets in her husband’s property after marriage?

Let us tell you that if a woman’s husband dies. In such a situation, the woman does not have any right over her husband’s ancestral property. It is worth noting that after the death of the husband, the in-laws cannot throw the wife out of the house.

During this period, the in-laws have to pay maintenance to the woman. The court decides the maintenance amount considering the financial condition of the woman. Whereas if the woman has children. In such a situation, the father’s share of the property goes to his children.

Whereas if a widow woman marries another person. In this situation, he gets maintenance from his in-laws. He stops. Whereas if the husband has earned the property by himself. Both the child and the mother have rights over it. You must know about these property rights related to women.

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SBI introduced a great scheme

SBI Life Insurance has introduced such a scheme for children, in which the tension of the expenses from the education of your children to their marriage will end. There are two schemes under SBI Child Plan Fixed Deposit – first SBI Life – Smart Champ Insurance and second SBI Life – Smart Scholar, by investing in which you can secure the future of your children.

1. SBI Life – Smart Champ Insurance

Under this scheme of SBI Life, you can deposit Rs 1 crore by investing Rs 1 lakh.
If you want, you can invest in it monthly, quarterly, half yearly and annually.
– Any person in the age group of 21 to 50 years can buy this scheme.
To buy this plan, the age of the child should be between 0-13 years.
For this the maturity period of the child is 21 years.
– The amount is given annually in 4 annual installments when the child is 18 years old.
– Under this scheme, the investor is paid up to 105 percent of the sum assured in case of an unfortunate accident.

2. SBI Life – Smart Scholar

SBI Life- Smart Scholar is an individual, unit link, non-participating life insurance scheme.
– To invest in this, the age of the parents should be 18 to 57 years.
For this, the age of the child should be 0 to 17 years.
You can invest in this policy from 8 years to 25 years.
– The maturity period of the child is 18 to 25 years
– The maturity period of the parents is 65 years.
In this scheme, you can withdraw money at the time of emergency.
In this too, you are also given accident insurance.
In this you also get the benefit of tax.

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The government is running Sukanya Samriddhi Yojana for daughters . By investing in this scheme, parents can secure the future of their daughters. How to take advantage of it Sukanya Samriddhi Yojana is such a long term plan. By investing in this, you can add money from your daughter’s educaation to marriage expenses. Under Sukanya Samriddhi Yojana, the account of daughters below the age of 10 years is opened in the name of their parents only.

Under this scheme, you can invest from Rs 250 to Rs 1.50 annually. How many daughters will open an account from a family, earlier in this scheme, only two daughters’ account was exempted from tax under 80C. But now it has changed and under the rule, if two twin daughters are born after one daughter, then their account will also get tax exemption.

When can accounts be closed?

The account opened under Sukanya Samriddhi Yojana could be closed in the first two circumstances. If the girl child dies or if the address of the daughter’s residence is changed, then this account could be closed. But after the new change, the life-threatening illness of the account holder has also been included in it. The account opened under Sukanya Samriddhi Scheme can be closed prematurely even after the death of the parents.

How to open account?

To take advantage of this scheme, you can open an account by visiting any nearest post office or bank. Sukanya Samriddhi Yojana matures in 21 years. However, after the girl’s age is 18 years, money can be withdrawn from this account for studies. Full amount is available only after 21 years.

Documents required for Sukanya Samriddhi Yojana-

At the time of opening the account under Sukanya Samriddhi Yojana, it is necessary to give the girl’s birth certificate in the post office or bank. Also, the identity card and address proof of the girl and her parents are required.

How will the amount be deposited in the account?

The amount invested in the Sukanya Samriddhi Yojana account can also be deposited in cash, cheque, demand draft or in any such manner as the bank accepts.

How much interest will you get on investment?

At present, interest is getting at the rate of 7.6% on investment in Sukanya Samriddhi Yojana. Under this scheme, by investing a small amount, you can add lakhs of rupees. Sukanya Samriddhi Yojana is getting more interest than all the savings schemes of the bank or post office.

If you invest up to Rs 1000 every month under this scheme, then according to 7.6% interest rate, you will get an amount of more than Rs 10 lakh like this.
• Deposited in 1 month – Rs 1000
• Total deposit in 12 months Rs -12000
• Deposit up to 15 years – Rs -18,0000
• Total interest on deposit up to 21 years + Total deposit – Rs 329,212
• On attaining 21 years But after adding the total deposit + total interest, the money will be returned – Rs 10,18,425
• In this way, when your daughter is 21 years old, then lakhs of rupees will be deposited in her name. When you want your daughter to get married, then you can easily withdraw this money.

The post Sukanya Yojana Rules: The rules of Sukanya Samriddhi Yojana have changed from today, now these daughters will get benefits, know full details first appeared on Rightsofemployees.com.

When both partners in a relationship work, it can be difficult to balance love with career. Modern romance often means no one is home to make dinner, and quality time can be hard to find. Here are some Ways to Balance Your Career With Your Married Life.

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