Tag: EPF

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.   

Why a coaching culture and not any other culture?

“Would you tell me, please, which way I ought to go from here?” “That depends a good deal on where you want to get to,”...

A resume printed on a cake?

A job applicant in the US has taken innovation to another level by sending an edible resume to a prospective employer. Karly Pavlinac Blackburn,...

Latest

Gratuity to be paid on termination of employment only after 5 years of service

Central govt. hikes DA by 4%

The Ministry of Finance has announced the most awaited hike in the dearness allowance (DA) and dearness relief (DR) for Central government employees. On...

Ola stalls layoffs, brings relief to anxious staff

Recently, there were media reports about Ola considering laying off about 10 per cent of the workforce, that is, about 200 engineers. At the...

WHO/ILO roll out policy brief on workplace mental health

A policy brief has been jointly published by the World Health Organsiation (WHO) and the International Labour Organsiation (ILO) about the need to address...

78-day bonus for 11 lakh railway employees

For the twelfth year in succession, eligible employees of the Indian Railways will receive their productivity-linked bonus (PLB), which is equal to 78 days’...

DIALOGUE

“The big change has been that we have moved from jobs to skills,” Amaresh...

Q. How would you define the culture at GE? A. Having been present in this region since 1902, GE has been around for 120 years....

“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...

“A CEO needs to acknowledge the silent majority who create the company’s fortunes” S...

Q. RPG is a diversified group with businesses spread across sectors and domains. however, its brands have a strong individual identity unlike other business...