Tag: EPFO

Air India staff to get social security benefits under EPFO

Following the privatisation of Air India, its employees have now been covered under the Employees' Provident Fund & Miscellaneous Provisions Act 1952, starting December...

EPFO approves centralised system of money transfer without EPF account change

Employees’ Provident Fund Organisation's (EPFO) Central Board of Trustees (CBT) has approved the development of a centralised IT- enabled system by C-DAC, which will...

Air India to shift PF accounts to EPFO before ownership transfer

Air India will shift its employees’ provident fund accounts to the Employees’ Provident Fund Office (EPFO) before the ownership of the Airline is transferred....

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,...

EPFO adds 9 lakh subscribers, 21.77% enrolments are women

Owing to the various initiatives by the Government and the Employees’ Provident Fund Organisation (EPFO), there was a rise in the number of EPFO...

Aadhaar-verify employees’ PF accounts: EPFO to employers

Starting June 1, all employers will be responsible for ensuring that their employees’ provident fund (PF) accounts are linked with their Aadhaar. Unless and...

EPFO’s new feature to keep tab on contractors’ claims

Employees’ Provident Fund Organisation (EPFO) has launched a new feature with the help of which principal employers can now check the compliances of those...

Govt offers relief on ESIC contribution, may do so for EPFO...

As many manufacturing units have been forced to shut down their operations, the Indian government has decided to extend a helping hand to India...

EPFO’s electronic facility to link principal employers with contract staff

Principal employers can now easily view the compliances of their contractors, thanks to the Employees' Provident Fund Organisation’s (EPFO) newly launched electronic facility. With this...

Over 56 lakh COVID-19 advance claims settled by EPFO by December...

Employees’ Provident Fund Organisation (EPFO) has paid over Rs 14,000 crore towards settlement of 56.79 lakh COVID-19 non-refundable advance claims, last year. Following the virus...

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...

EPF subsidy relief for employers, staff

For two consecutive years, the Government will cover the 24 per cent that employees and their employers contribute towards the Employees’ Provident Fund (EPF)...

GOI announces ABRY scheme to create jobs

The Government of India has announced the Atmanirbhar Bharat Rozgar Yojana (ABRY), to create more jobs. The scheme will offer employment generation incentives to...

EPFO becomes more subscriber friendly; launches WhatsApp helpline

Employees’ Provident Fund Organisation (EPFO) is well on the path to becoming more subscriber friendly than ever before. Close on the heels of the...

EPFO links KYC details with UAN, subscribers to avail benefits digitally

The Employees’ Provident Fund Organisation (EPFO) has successfully updated its database of subscribers with the Know Your Customer (KYC) details, such as mobile numbers,...

Better to stick with earlier rates for PF contribution?

To enable people to have more cash in their hands amidst this pandemic, the Employees’ Provident Fund Organisation (EPFO) has allowed employees to contribute...

EPFO goes for automation, settles 36.02 lakh claims during lockdown

The Employees' Provident Fund Organisation (EPFO), has been striving to ensure timely and effective delivery of service to its subscribers. Even during the lockdown,...

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...

EPFO issues clarifications, says lower PF contribution not compulsory

On May 18, the Government had issued a notification regarding the lowering of contribution towards the Employees’ Provident Fund or EPF, for both the...

EPFO relaxes rules, will accept scanned copy of employee sign for...

The Employees' Provident Fund Organisation (EPFO) has been doing its bit to help out its subscribers during the lockdown. It has relaxed the rule...

EPFO relaxes norms to allow corrections online

On March 26, the Government announced a relief package mentioning that it would contribute both the employee’s and the employer’s share of the PF...

Ministry of Labour enables non-refundable advance for EPF members

The Labour Ministry issued a notification on March 29 amending the Employees’ Provident Fund scheme, 1952 to allow EPF subscribers to withdraw non-refundable advance...

EPFO urges a/c holders to use online facilities

Even with a nationwide lockdown pushing people to stay indoors, individuals worried about their provident fund accounts no longer need to do so. The...

EPFO system hoodwinked by 9 lakh employees

Almost 80,000 companies have been found to have been wrongly availing the benefits of the Pradhan Mantri Rojgar Protsahan Yojana (PMRPY), aimed at bringing...

EPF subscribers can now update their online records themselves

The Employees' Provident Fund Organisation (EPFO) has been consistently trying to make life simpler for account holders. Not only has it simplified the process...

Over 8 lakh formally employed in November, 2019

According to the payroll data released by EPFO, over 4 lakh of those who joined the formal workforce, belong to the 18-25 age group According...

NO change in application of EPF and MP Act says Govt.

There were reports in the media that the Central Government has made changes under the Employees’ Provident Funds and Miscellaneous Provisions (EPF and MP)...

Union government to allow reduction of monthly EPFO contribution

Employees may now be able to take home higher salaries if the organised sector is allowed to reduce the monthly mandatory deductions on account...

EPFO and SC differ on linking Aadhaar and PF accounts

Many technology companies have sought Government intervention because their employees refuse to link their Aadhaar numbers with their provident fund (PF) accounts, because the...

Festive bumper for EPFO staff

The non-gazetted employees (belonging to Groups B and C) of the Employees’ Provident Fund Organisation (EPFO), will receive a 60 days’ productivity-linked Diwali bonus....

EPFO to launch e-inspection system, also proposes PF for domestic help

With an aim to make the inspection process simple and eliminate physical inspection as far as possible, the Employees’ Provident Fund Organisation (EPFO) will...

61.12 lakh jobs created in FY 2019

A total of 61.12 lakh jobs were created in the financial year 2019, as per the payroll data from Employees’ Provident Fund Office (EPFO)....

EPFO amends rules, allows subscribers to withdraw entire fund within 2...

The Employees’ Provident Fund Organisation (EPFO), the retirement fund body, has introduced amendments that now permit its subscribers to withdraw up to 75 per...

91 lakh workers dropped out of EPFO in 2017

According to the data released by the Employees’ Provident Fund Organisation (EPFO), 91 lakh workers seem to have dropped out of EPFO last year....

Effects of lower PF contribution on your salary

If PF contribution is part of the CTC, don’t miss out on asking the employee to pass on those extra few bucks.

Around 7.43 lakh jobs added in May: EPFO

A total of 44.74 lakh jobs were created in the formal sector during September 2017–May 2018

Now withdraw 75% of PF just after a month of quitting

This move will offer financial security to employees who may have lost their jobs.

Govt to pay employers’ contribution to the provident fund till March...

Establishments registered with EPFO will need to have a Labour Identification Number (LIN) allotted to them under the Shram Suvidha Portal to avail this scheme. 

EPFO subscribers can now access pension passbook through UMANG App

The unified mobile application for new-age governance (UMANG) appis all set to make life easier for pensioners.

PF portal hack: EPFO affirms no data leakage

As per media reports, the personal and professional details of about 2.7 crore members registered with the EPFO have been exposed to data theft. 

Decoding EPFO data for job estimation

According to the data, 1.25 million young Indians joined the workforce between September 2017 and February 2018. 

EPFO introduces new facilities to link UAN and Aadhaar

The facility on the e-KYC Portal has further added a new feature to link UAN with Aadhaar online using biometric credentials.

National Pension Scheme allows 25% withdrawal before maturity

NPS is a voluntary, defined contribution retirement savings scheme for Indian employees during their working life.

How HR head Abhishek Mishra paid the price for being a...

Here is the story of a brave HR professional, who stood by his people, fought against PF evasion at MW High Tech Projects India, and paid a hefty price.

Employees withdrawing full PF money will lose social security benefits

EPFO advises members to refrain from withdrawing funds fully for trivial reasons

EPFO proposes to move towards centralised payment system

The EPFO has proposed to move towards the centralised payment system using the National Payments Corporation of India (NPCI) platform.

Transfer of EPF account while switching jobs becomes convenient

The PF account can be automatically transferred through Form 11.

Mobile App ‘m-EPF’ to help employees check their PF balance and...

EPFO has decided to go digital for the convenience of its lakhs of subscribers and pensioners.

Change jobs but not your PF account

Employees will no longer require to change or close their PF accounts when switching companies or jobs.

EPFO considers reduction in PF contribution

The agenda for lowering the rate of contribution from the present 12 per cent to 10 per cent was considered, in a meeting of the Central Board of Trustees (CBT) and Employees’ Provident Fund (EPF).

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,”...

Latest

Pay salaries on 5th of the month: HC tells KSRTC

On 21 June, the Kerala High Court ordered that the salaries of the employees of the Kerala State Road Transport Corporation (KSRTC) should be...

Welspun One Logistics Parks successfully completes over 3 million Safe Man Hours

Welspun One Logistics Parks (WOLP), an integrated fund, development and asset management company successfully achieved a milestone of over 3 million ‘Safe man-hours’ at...

Fynd to hire 2,000 more in 2023

Having opened a new office in Bengaluru, Fynd, the omnichannel platform is gearing to hire at least 2,000 more engineers by the end of...

Amazon’s robots to make work safer and easier for its employees

Amazon’s robots to make work safer and easier for its employees Proteus and Cardinal are two robots that are taking over some of the manual...

DIALOGUE

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

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

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“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...