Employee Provident Fund: HR News, Trends & Workplace Insights

Latest Employee Provident Fund HR Trends, workforce insights, and expert analysis. Stay updated with the latest news on Employee Provident Fund.

Updated on: Dec 2023

EPFO

EPFO payroll data reflects increase of . in net membership

Dec 21, 2023

EPFO releases FAQs on issues linked to higher pension

One of the Worlds largest Social Security Organisations, Employees Provident Fund Organisati...

EPFO

Dec 14, 2023

EPFO added . lakh net members during September

The Employees Provident Fund Organisation EPFO has released the provisional payroll data highlight...

EPFO

Nov 21, 2023

Government starts crediting EPF interest for FY -

The Employees Provident Fund Organisation EPFO has started crediting the interest to provid...

EPFO

Nov 10, 2023

Government starts crediting EPF interest for FY -

EPFO

EPFO calls CBT meeting likely to address Higher Pension issues

One of the World’s largest Social Security Organisations, the Employees’ Provident Fund Organisation (EPFO) has asked all board members to be present at the 234th CBT meeting on next Tuesday likely to address Higher Pension issues. Recently, EPFO has extended three months for Employers to upload wage details, etc. online latest by 31.12.2023 regarding Pensions […]

Oct 25, 2023

EPFO

EPFO adds 16.99 lakh net members during month of August 2023

The EPFO provisional payroll data released highlights that EPFO has added 16.99 lakh net members in the month of August, 2023. Year-on-year comparison of payroll data reflects a marginal increase in net members over the previous year of August, 2022. The data reveals that 3,210 establishments have extended social security cover of EPFO to their […]

Oct 21, 2023

EPFO

EPFO: Salient Features of Employees’ Deposit Linked Insurance

There are several social security programs that have been introduced under the Employees’ Provident Fund Organisation (EPFO). Recently, Employees’ Provident Fund Organisation (EPFO) has shared a post on X (formally Twitter) saying, “Employees’ Deposit Linked Insurance (EDLI) Scheme, 1976, is an important social security measure. Here are the main features of EDLI scheme.” Salient features of the […]

Sep 29, 2023

EPFO

EPFO asked zonal offices to prepare budgets for pension schemes

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 […]

Sep 22, 2023

EPFO

EPS’95 pensioners can submit Life Certificate at any time for 1 year

EPFO announced that that EPS’95 Pensioners can now submit a Life Certificate at any time which will be valid for 1 year from the date of submission. The Digital Life Certificate for Pensioners Scheme of the Government of India known as Jeevan Pramaan seeks to address this very problem by digitizing the whole process of […]

Sep 21, 2023

EPFO

EPFO highest payroll addition 18.75 lakh net members in July

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 […]

Sep 21, 2023

Industry

CBI court sentences PF office staffer to 03 years jail for accepting bribe

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 […]

Sep 18, 2023

EPFO

Employers will pay damages & interest on amount due, @Rate…

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 […]

Sep 11, 2023

EPFO

EPFO Benefits Payable to Widow/Widower & Children under EPS-95

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 […]

Sep 8, 2023

EPFO

EPFO issues fresh guidelines for granting exemption to establishments

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 […]

Sep 7, 2023

EPFO

EPFO issues new process to update/correct name, date of birth etc

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 […]

Sep 4, 2023

EPFO

SpiceJet has not paid PF dues for 18 months

According to CNBC Report, The second largest airline in India, SpiceJet has not deposited Employees’ Provident Fund (EPF) for 18 months in a major default and non-compliance with norms. The company has also not deposited Tax Deducted at Source (TDS) for employees since FY23. SpiceJet hasn’t cleared payments to various vendors and has been delaying salaries […]

Aug 25, 2023