Latest EPFO HR Trends, workforce insights, and expert analysis. Stay updated with the latest news on EPFO.
The Centre has planned to tax Employees Provident Fund EPF contributions exceedingnbspRs.nbsp...
EPFO has been released the provisional payroll data on th March , which highlights that EPFO h...
According to TOI report, the All India Trade Union Congress AITUC has called for an all-India stri...
The retirement fund body, Employees Provident Fund Organisation (EPFO) has voted on Saturday to pay an interest rate 8.1% for 2021-22. The rate of interest has been slashed as low as 8.1% from the existing 8.5%. This is the lowest rate of interest ever since 1977-78, which was 8 per cent, as per labour ministry […]
Retirement fund body EPFO is mulling a new pension product for organised sector workers who are getting basic wages of more than ₹15,000 per month and are not mandatorily covered under its Employees’ Pension Scheme 1995 (EPS-95). At present, all those employees in the organised sector whose basic wage (basic pay plus dearness allowance) is up […]
The provisional payroll data of EPFO released on 20th February 2022 highlights that EPFO has added 14.60 lakh net subscribers during December 2021. Comparison shows an increase of around 2.06 lakh in net payroll additions in December 2021 as compared to 12.54 lakh net subscribers added during the corresponding month previous year. For the month of […]
EPFO apex decision-making body Central Board of Trustee will take a call on the interest rate on employees’ provident fund deposits for 2021-22 in its meeting next month. “The Employees’ Provident Fund Organisation (EPFO) CBT meeting will be held in Guwahati in March where proposal for interest rate for 2021-22 would be listed as it […]
An analysis of the latest Employees’ Provident Fund Organisation (EPFO) data suggests a significant acceleration in formalisation of the job market, driven by both new formal jobs and formalisation of existing jobs, during 2021, with 13.95 lakh net addition to EPF subscribers in November 2021. “Broadly, the EPFO data covers the low paid workers in […]
EPFO onboards Air India for social security coverage to service the Social Security needs of their employees. Air India Ltd applied for voluntarily covered u/s 1(4) of the EPF & MP Act 1952 which has been allowed vide gazette notification dated 13.01.2022 w.e.f. 01-12-2021. The social security benefits will be provided to around 7,453 employees […]
The Bharatiya Mazdoor Sangh (BMS) holds a nationwide protest from 20th January outside the offices of the Employees Provident Fund Organisation (EPFO), demanding a hike in EPS95 pension from Rs. 1,000 to Rs. 5,000 per month. BMS demands pension should be 50% of last drawn wages for all workers.Chalo pf office on 20th January 2022@LabourMinistry @byadavbjp @PTI_News […]
The provisional payroll data of EPFO released on 20th January 2022 highlights that EPFO has added 13.95 lakh net subscribers during the month of November 2021, showing an increase of around 2.85 lakh net additions over the previous month of October 2021 with a growth rate of 25.65%. A year-on-year comparison of payroll data also shows […]
In first of its kind, Shri Bhupender Yadav, Union Minister for Labour and Employment, interacted with Human Resource Heads of Industry representing various sectors, including from manufacturing, staffing agency, automobile, construction, hotel industries etc. Held an engaging interaction with top HR heads of industries across India. Discussed a range of issues, including enhancing employability and […]
As the number of Covid-19 cases surged in India because of the highly transmissible Omicron variant spread. Many EPFO members may be facing a financial crunch due to the adverse impact on employment and jobs. In March 2020, the government had announced that any EPF subscriber can withdraw a certain sum from their Employees’ Provident […]
The Employees Provident Fund Organisation (EPFO) on Thursday clarified that account holders can add nominees to their Employees Provident Fund (EPF) accounts even after December 31, and no deadline has been set for the same till now. Empower your family, file enomination. #EPFO pic.twitter.com/sY8EjuDjSs — EPFO (@socialepfo) December 29, 2021 Earlier, this was tweeted by […]
The Employees’ Provident Fund Organisation (EPFO) has made it compulsory for all EPF subscribers to designate a nominee for providing Social Security to their families. The last date for adding the nominee is December 31, 2021. If you fail to add the nominee before the deadline ends, it could lead few problems including the loss of […]
