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.   

Delta Airlines boosts employee pay by 5%

Delta Airlines Inc announced on Tuesday a 5 per cent pay increase for its employees worldwide, in response to the shortage of workers in...

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UAE firms enroled their employees in job loss insurance scheme

A job loss insurance scheme took effect on January 1, 2023 in the UAE, and many companies have registered their employees for it. The...

Empathetic or knowledgeable bosses – whom do employees prefer?

When it comes to bosses, the best ones are those who are empathetic as well as knowledgeable. Empathy refers to the ability to understand...

Struggles in the US market lead Getir to layoff 100

Rapid grocery delivery startup Getir has recently laid off about 100 corporate employees, according to a source familiar with the details. The layoffs affected various...

Dell & Pocket Aces cut jobs because of economic challenges

Dell Dell Technologies will cut approximately 5 per cent of its worldwide workforce, or 6,650 jobs, as reported by Bloomberg on February 6. The company's...

DIALOGUE

EQ, IQ & empathy define the success of a CEO

Q. You spent 16 years at LIC before moving to a corporate role at ICICI Prudential. Now, 22 years on, I am still curious...

“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...