Tag: Provident Fund

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…

Facilitation, a leadership tool that cannot be used enough!

My consulting and coaching work allows me to look closely at the talent organisations and how they harness their potential. Most organisations have a...

Ten key skills required in an age of digital transformation

As a growing number of organisations integrate digital technologies into all aspects of their business, digital transformation has come to be regarded as the...

Companies in the US seek vaccination details of staff

Ahead of implementing ‘return to office’, many organisations are updating their employee records with the vaccination status of the staff. Equal Employment Opportunity Commission...

Latest

GE Power elevates Pramath Nath to CHRO – APAC & Japan, Steam Power

GE Power, the US-based multinational energy tech company, has promoted Pamath Nath to the position of chief human resources officer - Asia Pacific &...

Amazon’s robo to ensure safety at the workplace

Amazon is gearing up to introduce robo employees at its fulfilment centres across the globe, to make the workplace safer. With the robots in...

Vuram hires 100 in 10 Days

In an attempt to meet its goal of becoming a 1000-member organisation by the end of 2021, Vuram, the hyperautomation services company, is all...

Morphisec Appoints Ajit Pillai as Regional Director for APAC region

Morphisec, a leader in cloud-delivered endpoint and server security solutions, today announced it has appointed Ajit Pillai as Regional Director for APAC. In this...

DIALOGUE

“If CEO is the father of an organisation, CHRO is the mother,” Pankaj Lochan

Q. You have been shuttling between HR and manufacturing roles. Was it a well-thought out strategy or did you just go with the flow...

Binding multi-faceted employees with Titan Values

Titan has different sets of employees for different functions and verticals, ranging from the shopfloor to the retail stores. How do you bring in...

The right people policy for startups – Madan Nagaldinne

You happen to have worked mostly with large organisations. How different is it working for a startup now? When you have worked for big...