Tag: Provident Fund

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.

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.

No change in contribution to Provident Fund at 12 percent: EPFO

The Central Board of Trustees (CBT) has turned down the proposal to reduce the mandatory contributions from workers and employers to 10 per cent.

Get your PF money in 3 hours

EPFO is all set to embrace technology in a major way, enabling online withdrawal of PF funds and quicker settlement of claims.

 

PF withdrawal gets easier

Employees can now withdraw their provident fund money without employers' permission.

India Inc. asks Labour Ministry to make PF optional

Firms want employees to have a choice on how they are paid their salary…

Employee strikes in European countries

On January 25, 2023, at Berlin Brandenburg Airport (BER), all passenger flights were canceled as airport staff walked out because of a dispute over...

Latest

Geetika Mehta is Ananta Capital’s new group CHRO

Ananta Capital has roped in Geetika Mehta as group chief human resource officer. An alumna of XLRI, Jamshedpur, Mehta began her HR journey with Mondelez...

Godrej announces plans to hire 800-1000 employees in 2023

Godrej Properties, a leading real estate developer, has announced plans to hire 800-1,000 employees in 2023 as part of its robust land acquisition pipeline....

DA hike for employees approved: Telangana government 

On January 23, 2023, the government of Telangana approved the release of a single installment of dearness allowance (DA) for all government employees and...

Aparna Dhingra gets regional role at BMW

Aparna Dhingra has been promoted to head of region (HR) - Asia Pacific, Africa, Middle East, BMW Group after spending six years at BMW...

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...