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The Employees Provident Fund Organisation EPFO has started crediting the interest to provid...
The EPFO provisional payroll data released highlights that EPFO has added . lakh net members in ...
There are several social security programs that have been introduced under thenbspEmployees Provi...
The Employees’ Provident Fund Organisation (EPFO) has asked for Revised Estimates for the year 2023-24 and Budget Estimates for the year 2024-25 in respect of Employees’ Provident Funds Scheme, 1952 (including Employees’ Pension Scheme, 1995) and Employees’ Deposit-Linked Insurance Scheme, 1976 from the Zonal Offices. The EPFO circular reads, “In accordance with the provisions regarding […]
EPFO’s provisional payroll data released highlights that EPFO has added 18.75 lakh net members in the month of July, 2023. The addition during the month is the highest since first publishing of EPFO payroll data from April, 2018 covering the period of September, 2017 onwards. A growing trend is continued since last three months with […]
The Central Bureau of Investigation (CBI) court has sentenced a staff of the Provident Fund (PF) office in Navi Mumbai to three years in jail. The employee Kallakuri Vijay Ramarao was found guilty of charges under the Prevention of Corruption Act. He has been sentenced to three years of imprisonment and imposed a fine of Rs. 50,000 Harpreet Singh Saluja, President […]
One of the World’s largest Social Security Organisations, The Employees’ Provident Fund Organisation (EPFO) employers defaulting on contributions are liable to pay damages and Interest on the amount due. The Employees Provident Fund Organisation 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 […]
There are several schemes under the Employees’ Provident Fund Organisation. Under this scheme, EPFO announces benefits payable to children, widows & widowers under EPS’95. The EPFO shared in a Tweet the benefits payable to the widows/ widowers and children under this particular scheme. The Tweet said, “Benefits payable to Widow/Widower & Children under EPS’95.” Benefits payable […]
The Employees’ Provident Fund Organisation (EPFO) has issued a fresh standard operating procedure (SOP). These SOPs describe the process and proposals of establishments seeking exemptions from the operation of the Employee Provident Fund (EPF) scheme. INTRODUCTION Establishments that seek to maintain their own Provident Fund Trusts apply for a grant of exemption under Section 17 […]
Employees’ Provident Fund Organization (EPFO) has issued a new procedure for Employees’ Provident Fund (EPF) members to correct or update their details. According to the circular issued by EPFO, a Standard Operating Procedure (SOP) has been issued to correct many other details including name, date of birth and gender of EPF members. Joint Declaration is […]
EPFO provisional payroll data released on 20th August, 2023 highlights that EPFO has added 17.89 lakh net members in the month of June, 2023. The data reveals that 3,491 establishments have extended social security cover of EPFO to their employees by remitting their first ECR during the month. Month-on month comparison of payroll data shows […]
One of the World’s largest Social Security Organisations, The Employees’ Provident Fund Organisation (EPFO) employers defaulting on contributions are liable to pay damages and Interest on the amount due. The Employees Provident Fund Organisation said that employers defaulting on contributions are liable to pay Damages u/s 14B and interest u/s 7Q on the due amount. The […]
Recently, The Central Government has ratified the interest rate of employees’ provident fund (EPF) subscribers to 8.15% which will cover over 6 crore subscribers. The circular said, “The Ministry of Labour and Employment, Government of India, has conveyed the approval of the Central Government under para 60(1) of Employees’ Provident Fund Scheme, 1952 to credit […]
EPFO’s provisional payroll data released on 20th July, 2023 highlights that EPFO has added 16.30 lakh net members in the month of May, 2023. The data reveals that 3,673 establishments have extended social security cover of EPFO to their employees by remitting their first ECR during the month. The data indicates that around 8.83 lakh new […]
The Central Bureau of Investigation (CBI) has registered an FIR against an EPFO official, and 13 ex-employees of Jet Airways in the PF claims fraud case. The FIR Copy read, “Bamne was found to be involved in various fraudulent activities. While working as Dealing Assistant in Accounts Section in Kandivli, Bamne received illegal gratification in his […]
