Explore the latest EPFO news, trends, AI innovations, HR analytics, and digital workplace insights. Stay updated with expert opinions and industry developments.
The Secretary of Labour amp Employment chaired the th Meeting of the Executive Committee of Cen...
Union Minister of Labour amp Employment and Youth Affairs amp Sports, Dr. Mansukh Mandaviya, ann...
The Department of Pension and Pensioners Welfare DoPPW has introduced comprehensive guidelines ai...
In light of the Diwali 2024 celebrations, the Employees’ Provident Fund Organisation (EPFO) announced an advance disbursement of October pensions under the Employee’s Pension Scheme (EPS). The pensioners have received their pensions on October 29, 2024, instead of the usual end-of-month date. This advance accommodates the holiday schedule, ensuring that pensioners can access their funds […]
EPFO: Nearly 97,640 Provident Fund members and pensioners across India are expected to benefit from pensions on higher wages (PoWH) under the Employees’ Pension Scheme, 1995. This initiative follows a Supreme Court judgment from November 2022, allowing eligible individuals to receive pensions based on their higher wages. Of these beneficiaries, 8,401 individuals have already been […]
The Employees’ Provident Fund Organisation (EPFO) recently released updated guidelines related to Digital Signature Certificates (DSC) and E-Sign requests submitted by employers. These guidelines aim to enhance security, streamline authentication processes, and ensure compliance. EPFO Digital Signature Certificates: Details The use of DSC was already mandated by previous circulars from the Central PF Commissioner. These […]
The Employees’ Provident Fund Organisation (EPFO) has reported a significant net addition of 18.53 lakh members in August 2024, marking a 9.07% year-on-year increase compared to the same month in 2023. This growth reflects the rising employment opportunities and heightened awareness of employee benefits, bolstered by EPFO’s effective outreach initiatives. Surge in New EPFO Memberships […]
Nearly 97,640 Provident Fund (PF) members and pensioners under the Employees’ Pension Scheme, 1995, are set to benefit from the pension on higher wages (PoWH) initiative across the country. According to The Hindu report, This figure comprises 8,401 individuals (Till Sept 10, 2024) who have already received pension payment orders (PPOs) and 89,235 who have […]
Labour Secretary, Sumita Dawra, convened a crucial meeting with EPFO officials to discuss the implementation of the Employment Linked Incentive (ELI) Scheme. The ELI Scheme, announced in the Union Budget 2024-25, seeks to facilitate employment for 41 million young individuals over the next five years, with a central outlay of Rs 2 lakh crore. ELI […]
Union Minister of Labour & Employment and Youth Affairs & Sports, Dr. Mansukh Mandaviya, unveiled the Employees’ Provident Fund Organisation (EPFO)’s provisional payroll data for the month of July 2024. This release marks a historic milestone, as it represents the highest recorded increase in net members since payroll data tracking began in April 2018. Overall […]
Union Labour Minister Mansukh Mandaviya recently announced that the Indian government is actively considering removing the existing ceiling for contributions towards the Employees’ Provident Fund Organisation (EPFO) and the Employees’ Pension Scheme (EPS). This move aims to enhance social security benefits for workers and streamline the EPFO system. Current Scenario At present, EPFO contributions are […]
In a significant move aimed at providing financial flexibility to subscribers, the Indian government has raised the withdrawal limit for the Employees’ Provident Fund (EPFO) to ₹1 lakh. Additionally, there are indications that the salary ceiling for EPF contributions may also see an upward revision. Enhanced Withdrawal Limit and Eligibility for New Employees Union Labour […]
The Centralized Pension Payment System (CPPS) for the Employees’ Pension Scheme (EPS) 1995 has received government approval. Union Minister of Labour and Employment, Dr. Mansukh Mandaviya, announced this landmark decision. This will allow EPS pensioners to receive their pensions from any bank, branch, or location across India starting from January 1, 2025. What Is the Centralized […]
The Employees’ Provident Fund Organisation (EPFO) has witnessed a significant surge in net member additions during June 2024. This growth reflects both increased employment opportunities and the effectiveness of EPFO’s outreach programs. Key Findings from EPFO Total Net Members Added: In June 2024, EPFO added a remarkable 19.29 lakh net members, marking a substantial increase […]
The Ministry of Labour and Employment has put forth a significant EPF proposal that could impact millions of employees across India. The government is considering raising the wage ceiling for calculating provident fund contributions—from the existing Rs 15,000 to Rs 21,000. Let’s delve into the details: Background and Context Since September 1, 2014, the maximum […]
