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ThenbspEmployees Provident Fund Organisation EPFO has now introduced auto-mode settlement...
One of the two main social security organization, The Employees Provident Fund Organisation ...
One of the two main social security organization, the Employees Provident Fund Organisation EPFO p...
One of the two main social security organization under the Government of India’s Ministry of Labour and Employment, The Employees’ Provident Fund Organisation (EPFO) has revised the eligibility threshold for auto claim settlements under Paragraph 68J, doubling it from Rs. 50,000 to Rs. 1 lakh. This initiative, outlined in a recent circular, aligns with the […]
As reported by ET, one of the two main social security organizations under the Government of India’s Ministry of Labour and Employment, the Employees’ Provident Fund Organisation (EPFO) is expected to increase the wage ceiling to Rs. 21,000 from Rs. 15,000. After being sidelined for years, the proposal is getting fresh attention. In 2014, the government revised […]
Starting April 1, EPFO will implement significant changes in employee provident fund regulations, impacting contributors and beneficiaries. These changes are expected to benefit employees and employers alike, ensuring smoother operations within the provident fund system. According to various sources and Mint reports, the new EPF rule will enable automatic transfer of employees’ funds when changing […]
One of the World’s largest Social Security Organisations, Employees’ Provident Fund Organisation (EPFO) has released its provisional payroll data on 24th March 2024 highlights that a noticeable aspect of Youth (18-25 age) dominated in January 2024 New Member Additions Data. The data is the dominant of the 18-25 age group, constituting a significant 56.41% of the […]
In the latest development, an incident surfaced from Mumbai where an HR Manager demanded sexual favors in exchange for releasing a 23-year-old girl’s deceased father’s Provident Fund (PF). The incident was reported by TOI, In the complaint, the woman said: “Despite submitting multiple forms to claim the PF, I did not receive it.” “After being […]
As reported by the ET, one of the two main social security organization under the Government of India’s Ministry of Labour and Employment, The Employees’ Provident Fund Organisation (EPFO) has specified that the EPF account holders will be exempted from submitting a joint declaration form, a vital document requiring both employee and employer signatures. In […]
One of the World’s largest Social Security Organisations, The Employees’ Provident Fund Organisation (EPFO) warned employers defaulting on contributions, are liable to pay damages and Interest on the amount due. EPFO said that employers defaulting on contributions are liable to pay Damages u/s 14B and interest u/s 7Q on the due amount. The employers should ensure timely payment […]
Earlier an online facility was made available by EPFO for submitting EPS-95- Higher Pension; Applications for Validation of Options/Joint Options for pension on higher wages. The facility was for eligible pensioners/members in compliance with the Hon’ble Supreme Court order dated 04.11.2022. The facility was launched on 26.02.2023 and was to remain available only till 03.05.2023. […]
One of the World’s largest Social Security Organisations, Employees’ Provident Fund Organisation (EPFO) has released the provisional payroll data on 20th February, 2024. The data that was released by EPFO highlighted that it added 15.62 lakh net members in the month of December, 2023 which is highest in last three months. There has been an increase of […]
One of the World’s largest Social Security Organisations, the Employees’ Provident Fund Organisation (EPFO) has fixed the interest rate as 8.25 % for FY 2023-24. The Central Board recommended an annual rate of interest of 8.25% to be credited on EPF accumulations in members’ accounts for the financial year 2023-24. This interest rate will be […]
One of the World’s largest Social Security Organisations, The Employees’ Provident Fund Organisation (EPFO) has released its provisional payroll data on 20th January, 2024. The data highlights that EPFO has added 13.95 lakh net members in November 2023. However, In October 2023 EPFO added 15.29 lakh net members. The data indicates that around 7.36 lakh new members enrolled in […]
One of the World’s largest Social Security Organisations, the Employees’ Provident Fund Organisation (EPFO) has shared information about EPF Advance on illness Eligibility for EPF advance withdrawal due to medical reasons Certain conditions have to be fulfilled for advance withdrawal of Employees’ Provident Fund: Conditions Amount: The basic wages and DA for six months or […]
