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EPFO increases death insurance under EDLI scheme to lakh Labour Ministry on Friday increased the ...
. lakh net subscribers added till February during the current financial year The provisional pay...
EPFO to Organize Grievance Meeting on April , The next Nidhi Aapke Nikat or PF near you w...
CBI arrests EPFO officer, two others in an alleged bribery case The Central Bureau of Investigation has arrested an Enforcement Officer of Employees Provident Fund Organisation (EPFO), Tiruppur (Tamil Nadu) and two private persons in an alleged bribery case of Rs.4 lakh. A case was registered against an Enforcement Officer, EPFO, and two private persons […]
Provident Fund: Govt raises threshold limit to 5 lakh for tax-free interest Finance Minister Nirmala Sitharaman on Tuesday raised the limit for tax exemption on interest earned on provident fund contribution by employees to Rs 5 lakh per annum in specified cases as against Rs 2.5 lakh proposed in the Budget. In her Budget for […]
EPFO enrolled 13.36 lakh net subscribers in the month of January 2021 and around 62.49 lakh subscribers during the current financial year The provisional payroll data of EPFO published on 20th March, 2021 highlights a growing trend of subscriber base with the addition of 13.36 lakh net subscribers during the month of January, 2021. Despite COVID-19 pandemic, EPFO added around 62.49 lakh subscribers […]
EPFO closed 71.01 lakh EPF accounts in April-Dec 2020 Retirement fund body EPFO closed 71.01 lakh employees’ provident fund (EPF) accounts during April-December in 2020 post pandemic which is higher than 66.66 lakh in the same period year ago, Parliament was informed on Monday. The government had imposed lockdown to contain the COVID-19 pandemic on […]
EPFO plans to create a separate fund for voluntary subscribers According to the ET report, The government of India plans to create a separate fund under the Employees’ Provident Fund Organisation (EPFO) for contributions from individuals who join the scheme voluntarily once it is thrown open to everyone. The launch of this separate fund would […]
Central Board recommends 8.50 % rate of interest to its subscribers for the year 2020-21 The 228th meeting of Central Board of Trustees, EPF was held today in Srinagar, Jammu & Kashmir under the chairmanship of Shri Santosh Kumar Gangwar, Union Minister of State for Labour & Employment(Independent Charge), Vice-Chairmanship of Shri Apurva Chandra, Secretary(L&E) […]
EPFO extended social security benefits to the subscribers of J&K and Ladakh The 228th meeting of Central Board of Trustees, EPF was held today in Srinagar, Jammu & Kashmir under the chairmanship of Shri Santosh Kumar Gangwar, Union Minister of State for Labour & Employment (Independent Charge), Vice-Chairmanship of Shri Apurva Chandra, Secretary(L&E) and the Member […]
Higher EPF contribution to be taxable from April 1, but…? Union Finance minister Nirmala Sitharaman had announced in the Budget 2021-22 that interest earned on individual PF contributions over Rs 2.5 lakh in a financial year will be taxable from the next financial year. The move is set to impact people with high incomes and […]
EPFO likely to declare rate of interest on EPF deposits for 2020-21 on March 4 The Employees’ Provident Fund Organisation (EPFO) is likely to take up the proposal to announce the rate of interest for 2020-21 at its Central Board of Trustees (CBT) meeting at Srinagar, scheduled on March 4, the source said. K E […]
EPFO adds 12.54 lakh net subscribers in December 2020: Ministry of Labour & Employment The provisional payroll data of EPFO published on 20th February 2021 highlights a positive trend for net subscribers base growth with addition of 12.54 lakh subscribers in the month of December 2020. The data reflects an increase of 44 % in net subscribers addition […]
Mismatch of KYC data holds-up EPF interest for 4 mn subscribers Retirement fund body EPFO was likely to credit 8.5 per cent rate of interest for 2019-20 in the employees’ provident fund (EPF) accounts of around six crore subscribers in one go on Diwali and then at end of December 2020 but around 4 million subscribers of […]
EPFO has launched an electronic facility for principal employers to view EPF compliances of their contractors EPFO has launched an electronic facility for principal employers (PE) who are not registered with the organization can register on the portal. In big news for employers and contract workers, the Employees’ Provident Fund Organisation (EPFO) has made a […]