EPFO: HR News, Trends & Workplace Insights

Explore the latest EPFO news, trends, AI innovations, HR analytics, and digital workplace insights. Stay updated with expert opinions and industry developments.

Updated on: Jul 2023
EPFO: How to calculate higher pension additional contributions
EPFO

EPFO: How to calculate higher pension additional contributions

Recently, EPFO has further extended the last date to apply for higher pensions to July 11, 2023, which was expiring today June 26, 2023. EPFO provides the last opportunity for employees to submit options within fifteen days to get a pension on higher wages and Employers are given three months’ time for uploading wage details […]

Read Story
EPFO further extends the deadline to apply for Higher Pension
EPFO

EPFO further extends the deadline to apply for Higher Pension

EPFO has further extended the last date to apply for higher pensions to July 11, 2023, which was expiring today June 26, 2023. EPFO provides the last opportunity for employees to submit options within fifteen days to get a pension on higher wages and Employers are given three months’ time for uploading wage details online, […]

Read Story
Will EPFO further extend the deadline to opt for higher pension?
EPFO

Will EPFO further extend the deadline to opt for higher pension?

According to EPFO, currently, the deadline to apply for a higher pension under the EPS is June 26, 2023 The deadline has been already extended two times earlier. The initial last date to apply for the provision of a higher pension was March 3, 2023. EPFO has extended the last day to opt for a […]

Read Story
EPFO adds 17.20 lakh net members during the month of April 23
EPFO

EPFO adds 17.20 lakh net members during the month of April 23

EPFO’s provisional payroll data released on 20th June, 2023 indicates significant increase on several key parameters. It reveals that EPFO has added 17.20 lakh net members in the month of April, 2023 as compared to the net addition of 13.40 lakh during the previous month of March, 2023. Year-on-year, an increasing trend has been observed in […]

Read Story
EPFO issues new circular, documents, computation- higher pension
EPFO

EPFO issues new circular, documents, computation- higher pension

Aiming for more clarity on how to claim a higher pension, Employees’ Provident Fund Organisation (EPFO) has recently issued a circular on the list of documents to be submitted for claiming higher EPS-95 & pension computation method. The circular also elaborates on what all documents one can submit if one is not able to furnish […]

Read Story
ESP-95 Higher Pension: EPFO sets a deadline for validation of joint declaration
EPFO

ESP-95 Higher Pension: EPFO sets a deadline for validation of joint declaration

One of the World’s largest Social Security Organisations, The Employees’ Provident Fund Organisation (EPFO) sets 20 days deadline for field offices for validation of joint applications under EPS-95, higher pension. EPFO has issued a circular dated June 2, 2023, that has provided the information regarding the joint declaration option. The EPFO aims to streamline the […]

Read Story
PAN-Aadhaar linking, and EPS-95 higher pension deadlines
EPFO

PAN-Aadhaar linking, and EPS-95 higher pension deadlines

There are a few crucial deadlines like PAN-Aadhaar linking, and EPS-95 higher pension that fall in the month of June that everyone must be aware of. PAN-Aadhaar linking In order to provide some more time to the taxpayers, the government extended the Aadhaar-PAN linking deadline from March 31 to June 30, 2023, by three months, whereby […]

Read Story
EPFO officers sentenced to 6 years in jail for taking bribe
EPFO

EPFO officers sentenced to 6 years in jail for taking bribe

On Friday, May 26, 2023, the special CBI Court of Chandigarh sentenced two EPFO Sector 17, Chandigarh officers to six years imprisonment for accepting a bribe of Rs 2 lakh in 2015. According to Indian Express, two EPFO officers Vijay Rawat and Bachittar Singh are found guilty under Sections 7 of the Prevention of Corruption […]

Read Story
EPS-95 Higher Pension: important factors to consider before opting
EPFO

EPS-95 Higher Pension: important factors to consider before opting

The EPS-95 Higher Pension has faced a lot of confusion and explanation on its calculations. Further, Hon’ble Supreme Court held the requirement of the members to contribute at the rate of 1.16% of their salary to the extent such salary exceeds Rs.15000/- per month as an additional contribution under the amended scheme to be ultra vires […]

Read Story
EPFO Payroll Data Highlights for FY 2022-23
EPFO

EPFO Payroll Data Highlights for FY 2022-23

The provisional payroll data of EPFO released on 20th May, 2023 highlights that EPFO has added 13.40 lakh net members in the month of March 2023. During the financial year 2022-23, around 1.39 crore net members have been added by EPFO with an increase of 13.22% compared to the previous financial year 2021-22 wherein EPFO […]

Read Story
EPFO: Latest Guideline on Higher Pension EPS-95
EPFO

EPFO: Latest Guideline on Higher Pension EPS-95

The Hon’ble Supreme Court, in its judgment dated 04.11.2022 in Civil Appeal No. 8143-8144 of 2022 titled the (EPFO) Employees Provident Fund Organisation & Anr. etc. Vs. Sunil Kumar B. and Ors. etc., while upholding the validity of the amendments made to the Employees’ Pension Scheme,1995 (EPS,1995) vide G.S.R 609 (E) dated 22.08.2014 (effective from […]

Read Story
Higher Pension: Employer’s contribution to EPS will be 9.49%
EPFO

Higher Pension: Employer’s contribution to EPS will be 9.49%

The Hon’ble Supreme Court, in its judgment dated 04.11.2022 in Civil Appeal No. 8143-8144 of 2022 titled the Employees Provident Fund Organisation & Anr. etc. Vs. Sunil Kumar B. and Ors. etc., while upholding the validity of the amendments made to the Employees’ Pension Scheme,1995 (EPS,1995) vide G.S.R 609 (E) dated 22.08.2014 (effective from 01.09.2014) had […]

Read Story