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EPFO and ESIC have been advised to collate the data on job losses and wage cuts. As soon as informat...
Employees Provident Fund Organisation has extended the date of filing Electronic Challan Cum ...
The country is dealing with a very challenging situation due to COVID- Pandemic. Many establishmen...
The labour ministry on 10th April, Friday notified the special scheme wherein the government will contribute 24% of the employee and employer provident fund share per month for three months to PF accounts of employees earning less than Rs 15,000 to tide over the impact of Covid-19 on small establishments. “EPFO puts in place Online […]
Government extends the validity of Medical Benefit Cards under ESIC till June 30, 2020 The validity of Medical Benefit Cards issued to the IPs who ceased to be in Insurable Employment due to Permanent Disablement or, to retired IPs who couldn’t pay the advance contribution due to COVID-19 pandemic, has been allowed to avail medical […]
The Labour Ministry has allowed over 6 crore subscribers of retirement fund body EPFO to withdraw an amount not exceeding their three months basic pay and dearness allowance from their EPF account in view of the lockdown to fight COVID-19. Besides, Employees’ Provident Fund Organisation (EPFO) also introduced an online claim settlement facility without manual […]
On the second day of the 21-day lockdown due to Coronavirus outbreak, Finance Minister Nirmala Sitharaman announced an economic relief package that lays out various schemes to provide cash and free ration. The government also relaxed the rules for withdrawal of funds from the Employees’ Provident Fund (EPF) account. Relaxation in the EPF withdrawal rules. […]
The Government of India is working on measures and packages to provide relief to subscribers and employers in the organized sector as the Covid-19 outbreak shuts factories and offices, takes a toll on jobs and impacts livelihoods. These measures include- Waiving off the penalties on late provident fund deposits by employers. Doubling of the minimum pension to […]
In view of Government of India guidelines to contain spreading of COVID-19, Employees’ Provident Fund Organization (EPFO) advises it members, pensioners and employers to avail various online services offered by EPFO, from the comfort of their homes, and to avoid visiting EPFO offices. Most of the services of EPFO are available online. An employee can […]
New Delhi: According to a notification (attached), Government has provided more time to submit their monthly ESIC contribution. The government has given employees and employers more time to submit their monthly insurance contribution by relaxing provisions of the Employees’ State Insurance Act in view of the Covid-19 outbreak. According to the notification, ESIC has given […]
The Employees’ Provident Fund Organisation (EPFO) has decided to extend the minimum assurance benefit under the Employees’ Deposit Linked Insurance (EDLI) scheme. According to financial express, the decision in this regard was taken in the 226th meeting of the Central Board of Trustees (CBT). Now, the benefit will be provided to the family members of […]
New registration for EPFO, ESIC stopped on Shram Suvidha Portal, now it is to be done on the ministry of corporate affairs portal. The Ministry of Labour & Employment has stopped registration for Employees’ Provident Fund Organisation (EPFO), Employees’ State Insurance Corporation (ESIC) for new companies on its Shram Suvidha Portal with effect from 15 […]
EPFO cuts interest rate on deposits to 8.50% for FY20; move to affect 6 crore salaried employees The Employees’ Provident Fund Organisation (EPFO) on Thursday lowered the interest rate on provident fund deposits to 8.50% for FY20 (2019-20) from 8.65% in FY19 (2018-19), Labour Minister Santosh Gangwar said on Thursday. The new rate is 15 basis points below the figure for […]
Salaried employees could face a cut in interest on their provident fund (PF) deposits in the Finacial year 2020. After the cut, the interest rates on PF deposits would drop to 8.5%. EPFO is considering slashing the interest rates on the provident fund by 15 basis points. If that follows through, employees would face a […]
The Government on February 20, 2020, has notified the restoration of full pension after 15 years of retirement for pensioners under the Employee Provident Fund (EPF) Scheme who have commuted part of their pension at the time of retirement. The move is expected to result in a substantial increase in pension for those Employees Provident […]
