Tag: Provident Fund
Byju’s delays PF payments yet again
Although Byju’s had assured that it would make all pending provident fund (PF) contributions of June by mid July, it looks like the ed-tech...
93% of new-collar workers prefer formal job with health benefits
When asked whether they would choose a job with health benefits and a formal agreement over one without a contract, a whopping 93 per...
Byju’s employees PF dues to be cleared, assures EPFO board member
Byju’s, an online education platform, has been accused of not paying the due provident fund (PF) of its employees. When the employees raised their...
Ministry of Labour complies with SC’s directions regarding higher pension option
As per a press release by the Ministry of Labour and Employment, the EPFO has made arrangements for obtaining applications for validation of option...
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...
Is SpiceJet not depositing PF in staff accounts?
SpiceJet is reportedly not depositing the provident fund (PF) in the accounts of its employees. It is alleged that the Airline has defaulted on...
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...
7th Pay Commission: New Wage Code Bill w.e.f April 1
The Centre is all set to implement the New-Wage Code Bill from April 1. 2021, which will alter the salaries of government employees drastically.
New...
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...
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)...
15 lakh UP govt staff to get Diwali bonus worth Rs...
The Government of Uttar Pradesh has decided to give its employees a Diwali bonus equal to 30 days’ wages, which will cost the treasury...
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,...
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,...
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...
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...
Companies may get 30-day relief for depositing April EPF
The statutory contributions of companies towards provident fund — one-fourth of an employee’s monthly wages — is expected to be deposited by employers within...
Pensioners to benefit from changes in EPS, 1995
The Government recently made changes to the Employees’ Pension Scheme (EPS), 1995, as a result of which more than six lakh pensioners may benefit....
Tax proposed on retirement contributions above a cap of 7.50 lakh
Until now, the contribution of an employer to the retirement fund of an employee was tax exempt all throughout the professional life of an...
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...
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...
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...
How different sets of employees may react on proposed cut in...
Reduction of cut from 12 per cent of basic salary to 10 per cent means a higher take-home salary.
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.
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.
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.
How this energy company is championing employee inclusivity & engagement
In today’s competitive business landscape, fostering an inclusive and engaging work environment is not just a feel-good initiative; it’s a strategic imperative. Jakson Green,...
Trident’s Asmita leaves blossom into inclusive workplaces
Forget the tired trope of corporate activism. In the heart of India's textile industry, Trident, a manufacturing company, is quietly weaving a revolution in...
Harness.io: Cultivating a talent powerhouse in the tech crucible
The tech scene, be it in India or San Francisco, is equally crucible, fiercely competitive and unforgiving. In both the landscapes, attracting and retaining...
Engagement is outdated: The future of success lies in ‘employee involvement’
In the ever-evolving landscape of the contemporary workplace, a profound metamorphosis is underway, challenging the conventional emphasis on employee engagement. This paradigm shift posits...
Freixenet to cut 80% roles
In a stark response to the relentless drought crippling Catalonia's Penedes region, Freixenet, the Spanish cava (wine) producer, unveils a drastic plan. The company...
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Harness.io: Cultivating a talent powerhouse in the tech crucible
The tech scene, be it in India or San Francisco, is equally crucible, fiercely competitive and unforgiving. In both the landscapes, attracting and retaining...
Elon Musk issues apology over low severance packages
In an email sent to his employees,Elon Musk, CEO, Tesla, has formally apologised for what he termed as "incorrectly low" severance packages. This comes...
Over 6,000 to go from Tesla’s Texas and California plants
On 16 April Tesla had revealed its intention to let go 10 per cent of its workforce, affecting about 14,000 employees, globally.
Now, specific numbers...
Poonam Burman takes on CHRO role at Godrej Industries (Chemicals)
After spending well over four and a half years with Unilever, Poonam Burman has joined Godrej Industries (Chemicals) as chief human resource officer.
An alumna...
DIALOGUE
Data analytics and not technology will redefine HR
Q. How satisfying has been your professional journey of 39 years?
A. It has been a bagful of mixed experiences. At times I have been...
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....
