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The Employees Provident Fund Organisation EPFO has introduced key revisions to the Employee...
EPFO has increased the limit for advance claims processed automatically to lakh. Earlier, only me...
Employees Provident Fund Organisation EPFO is set to introduce a groundbreaking update, EPFO .,...
The Employees’ Pension Scheme (EPS-95) is designed to provide social security and financial stability to employees and their families during retirement and in cases of disability or death. This scheme, administered by the Employees’ Provident Fund Organization (EPFO), ensures that members receive lifelong pension benefits, along with provisions for their dependents. It plays a crucial […]
Ministry of Labour and Employment has released a notice that strictly prohibits officials and officers of EPFO from engaging in Labour/EPF consultancy work. This ban extends to both direct involvement and indirect participation through family members. The directive is seen as a step towards enhancing accountability and maintaining the ethical standards of the EPFO. The […]
Employees’ Provident Fund Organisation (EPFO) has announced that the interest rate on provident fund (PF) deposits will remain at 8.25% for the financial year 2024-25. This decision, made during the Central Board of Trustees (CBT) meeting on February 28, 2025, is expected to benefit over 70 million EPFO subscribers. Alongside this announcement, the CBT also […]
Employees’ Provident Fund Organisation (EPFO) has introduced significant amendments to Employees’ Deposit Linked Insurance (EDLI) scheme, aimed at strengthening financial security for the families of deceased EPF members. These changes were approved during the 237th meeting of the Central Board of Trustees (CBT) on February 28, 2025. They are expected to benefit thousands of families […]
The Employees Provident Fund Organisation (EPFO) has processed 70% of applications under the Pension on Higher Wages (PoHW) scheme and aims to complete the remaining cases by March 31, 2025. EPFO has stated that a complete assessment can only be made after all higher pension applications are processed. Interim evaluations will continue for every 50,000 demand letters […]
The Employees Provident Fund Organisation (EPFO) has raised concerns about a significant financial strain due to higher pension claims. According to an internal note shared with the Central Board of Trustees (CBT), EPFO estimates that it may need ₹1,86,920 crore to settle claims for just 50% of the total applicants. However, workers’ representatives have questioned […]
The Employees Provident Fund Organisation (EPFO) has processed 70% of applications under the Pension on Higher Wages (PoHW) scheme and aims to complete the remaining cases by March 31, 2025. This update was shared during the Executive Committee (EC) meeting of the Central Board of Trustees, EPF, chaired by Labour and Employment Secretary Sumita Dawra. […]
Employees’ Provident Fund Organisation (EPFO) has extended the deadline for linking the Universal Account Number (UAN) with Aadhaar to avail the benefits of the Employment-Linked Incentive (ELI) Scheme. EPFO has set the new deadline for March 15, 2025, giving subscribers additional time to complete the mandatory linkage. This ensures they can access the scheme’s benefits […]
Ministry of Labour and Employment is set to introduce a policy granting pension benefits to gig and platform workers through the Employees’ Provident Fund Organisation (EPFO). This initiative aims to provide financial security for gig workers, recognizing their significant contribution to the services economy. Gig workers, including those working for platforms like Ola, Uber, Swiggy, […]
Finance Minister Smt. Nirmala Sitharaman has introduced updates aimed at providing relief to the middle class. Under the New Tax Regime (NTR), the rebate limit has been increased from Rs 7 lakh to Rs 12 lakh. Slabs have been revised to benefit higher-income earners, helping them keep more of their income. Here are the new […]
The Employees’ Provident Fund Organisation (EPFO) has received a total of 17,48,768 applications from members and pensioners seeking higher pensions under the Employees’ Pension Scheme (EPS) 1995. This scheme allows individuals to receive a higher pension by making increased contributions. The Minister of State for Labour & Employment, Shobha Karandlaje, shared this information in a […]
Indian government has announced the implementation of the Unified Pension Scheme (UPS), set to take effect from April 1, 2025. This new scheme aims to provide financial security and stability for central government employees post-retirement. The UPS was approved by the Union Cabinet on August 24, 2024, and is designed to combine aspects of both […]
