Tag: EPF
Will wage ceiling for EPFO’s retirement saving scheme be revised?
As per media reports, there is a likelihood of the Government revising the wage limit for the retirement saving scheme of the Employees’ Provident...
EPFO facilitates digital submission of pensioners’ life certificates
As per the latest guidelines issued by the Employees’ Provident Fund Organisation (EPFO), pensioners covered under the pension scheme (EPS) can now submit their...
More men re-enter workforce than women: Data
After leaving job or quitting work, it appears that more men re-join the workforce than women. According to the National Statistical Office’s payroll data,...
EPF interest reaches 8.1%, lowest since 1977-78
For the first time in about 40 years, the Centre has brought the interest rate of the employees’ provident fund (EPF) down to 8.1...
SC says employer must pay damages if EPF contribution is delayed:...
The Supreme Court has said that employers who fail to pay their contribution towards the Employees’ Provident Fund (EPF), are obliged to pay damages.
A...
6 crore EPF subscribers to get interest soon
The Employees’ Provident Fund Organisation (EPFO) has communicated through a tweet that it will soon credit the interest of 8.5 per cent, in full,...
April onwards, PF contribution over Rs 2.5 lakh will be taxable
Come April, and the interest on employees’ contributions to Provident Fund (PF) beyond Rs 2.5 lakh will be taxed. While those above the age...
8.5% interest for FY2019-20 for EPF subscribers in one shot
Subscribers of the Employees’ Provident Fund (EPF) may get the entire 8.5 per cent declared interest rate for the financial year 2019-20 in one...
ESI, EPF benefits may extend to migrant workers too
The Parliamentary Panel on Labour has been proposing that the eligibility criteria —in terms of minimum number of employees and wages — for availing...
EPFO releases Rs 868 Cr pension and Rs 105 Cr arrears
As per a confirmation from the Ministry of Labour & Employment, the Employees’ Provident Fund Organisation (EPFO) has released Rs 868 crore pension in...
Tax liability of EPF subscribers will increase with lower contribution
As part of the stimulus package, the Government had lowered the contributions of the employers and employees, towards the Employees’ Provident Fund (EPF) from...
Statutory EPFO deductions reduced from 12% to 10%
In a move that will benefit about 43 million employees and about 6,50,000 organisations covered under the Employees’ Provident Fund Office (EPFO), the Centre...
Govt will pay EPF contribution for 3 months
While the Indian population is trying to come to terms with the 21-day lockdown, the Government has announced that it will pay the Employees’...
Freezing order does not apply to EPF, PPF, NPS balance
It is a common practice for banks to claim the assets of a person who has failed to repay a loan. Property, shares, mutual...
Automatic EPF transfer following job change will come into effect next...
Presently, subscribers of the retirement fund body, Employees’Provident Fund Organisation (EPFO) are required to file the transfer of employee provident fund (EPF) claims when...
EPF interest rate increased by 0.10 per cent
The interest rate on the employees’ provident fund has reportedly been raised to 8.65 per cent by the Employees' Provident Fund Organisation (EPFO). Earlier...
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.
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.