Tag: Employee Provident Fund

Payroll addition figures for February at a 3-month low: EPFO data

The provisional data from the Employee Provident Fund shows that people who joined the formal workforce in February was the lowest in last three...

Indian employees with IW status will reacquire prior status on repatriation:...

IWs faced a lot of problems when returning to India, in terms of higher contributions and restrictions on the withdrawal of accumulated balance.

Your unclaimed provident funds can suddenly turn lucrative

EPF pensioners will be able to avail medical facilities from a network of more than 1,400 dispensaries and 150 hospitals under ESIC.

No change in contribution to Provident Fund at 12 percent: EPFO

The Central Board of Trustees (CBT) has turned down the proposal to reduce the mandatory contributions from workers and employers to 10 per cent.

EPFO to further simplify its process; no supporting document required for...

In a bid to increase social security and enhance worker awareness EPFO has taken significant measures to provide more benefits to members and ease the withdrawal process.

Catch up: Organisations can now enrol employees under EPF amnesty scheme

Companies which had not earlier enrolled their employees under the EPF scheme can now do so, against payment of a minimal damage fee of Re 1 per year of default.

Government allows premature withdrawal of PPF

The investor will have to provide a valid reason for the same which includes expenditure towards higher education or medical treatment.   

Budget 2016-17: Government adds tax to Employees’ Provident Fund

GOI has proposed to bring EPF at par with NPS, which has a tax rebate on 40 per cent of the corpus while the remaining 60 per cent is taxable.

 

Google employees  protest against mass layoffs

Google, the tech giant, recently fired approximately 12,000 employees in January, which resulted in protests from workers in both the US coasts. The workers...

Latest

EPFO may amend pension scheme

The Ministry of Labour and the Employees’ Provident Fund Organisation (EPFO) are planning to re-examine the Employee Pension Scheme (EPS) so that it becomes...

Economic challenges & reduced spending leads to more layoffs

PayPal revealed that it is cutting 2,000 full-time positions globally, which makes up about 7% of its workforce. The digital payments company has said...

Tasmac raises salary for its finance staff in Tamil Nadu

Tasmac has met the long-awaited request of assistant engineers (accounts) in the corporation by raising their annual increment from 1,250 to 2,500. This boost...

Hein Schumacher to take over as CEO, Unilever in July, 2023

Unilever has found its new CEO after a widespread global hunt. Hein Schumacher will be appointed Unilever CEO designate on 1 June 2023 and...

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“Being good to everyone is being unjust to performers,” Mathew Job, CEO, Crompton

Q. In today’s times, what’s more challenging for a CEO like you — profit & business growth, talent & people, diversification, compliance or managing...