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Employees Provident Fund Organisation EPFO has credited an interest rate of . per cent in ....
The Employees Provident Fund Organisation EPFO has made it compulsory for all EPF subscribe...
Employees Provident Fund Organisation EPFO has credited an interest rate of . per cent in ....
According to The Hindu report, the Government of India has formed four ad-hoc board-level committees to look into the EPFO functioning for its different aspects, including IT, communications, and pension. Bhupender Yadav, Union Cabinet Minister of Labour and Employment, Environment, Forest and Climate Change in the Government of India who chairs the Central Board of […]
The government has approved 8.5 per cent rate of interest on employees’ provident fund (EPF) for 2020-21 fiscal, a source said. Just ahead of Diwali, this is good news for over five crore (50 million) subscribers of the Employees Provident Fund Organisation (EPFO). The 8.5 per cent rate of interest on provident fund deposits for […]
EPFO, (Employees Provident Fund Organisation) is planning to bring some festive cheer to the salaried employees by crediting the interest declared for 2020-21 in the accounts of 6 crore subscribers. The interest rate of 8.5%, declared for 2020-21 in March this year, has been awaiting the finance ministry’s approval for over six months now. According to […]
The provisional payroll data of EPFO published on 20th September, 2021 reveals that EPFO has added around 14.65 lakh net subscribers during July, 2021. The data highlights a growing trend in net payroll additions for last four months. For the month of July 2021, the net subscriber addition has increased by 31.28% as compared to […]
Recently, the Central Board of Direct Taxes (CBDT) has announced that employees who are contributing more than Rs 2.5 lakhs in Employee Provident Fund Organisation (EPFO) in a fiscal year are required to maintain two separate accounts from the financial year 2022. According to Union Budget 2021 guidelines, interest on annual PF contributions of more […]
According to ANI report, Union Finance Minister, Nirmala Sitharaman on Saturday said that the Central Government will pay provident fund (PF) contribution for each employer and the employee till 2022 for those that have been known as again to work for small scale jobs in the formal sector after shedding their job. She also highlighted […]
EPFO (Employees’ Provident Funds Organization) has a growing trend and added 12.83 lakh net subscribers during the month of June 2021. With respect to payroll data, the impact of the second wave of COVID-19 pandemic waned during June 2021, leading to tremendous growth in net payroll additions as compared to April and May 2021. Month-on-month analysis […]
EPFO (Employees’ Provident Fund Organisation) is likely to credit the Employees Provident Fund (EPF) interest to accounts of its subscribers very soon, it has been confirmed in a tweet. As per the reports, earlier, the retirement body EPFO was expected to credit the interest amount to the EPF accounts by end of July 2021 for FY 2020-21 but there is a delay in depositing […]
Employees’ Provident Fund Organisation (EPFO) has finalized the interest rates on provident fund deposits for 2020-21 at 8.5%. EPFO is expected to credit 8.5% interest for the financial year 2020-21 till the end of July. According to sources, the interest amount is likely to be credited to the accounts of subscribers by end of July 2021, […]
The provisional payroll data of EPFO published on 20th July 2021 highlights that EPFO has added around 9.20 lakh net subscribers during the month of May, 2021. However, this is 28% less than the previous month. In the month of April this year, EPFO had added 12.76 lakh net subscribers. The Labour Ministry said, “Despite the crisis of […]
The government of India on Monday extended the wage subsidy scheme till 31 March 2022 via the Employees Provident Fund Organisation (EPFO) under Aatma Nirbhar Bharat Rozgar Yojana to boost job creation at the lower end of the salary structure informal jobs. Aatma Nirbhar Bharat Rozgar Yojana was launched on 1st Oct, 2020. It incentivises employers for […]
EPFO (Employees’ Provident Fund Organisation) has added around 12.76 lakh net subscribers during April, 2021. Despite the second wave of COVID-19 pandemic, April 2021 registered an increase of 13.73% net subscribers addition as compared to the previous month during which around 11.22 lakh net subscribers were added to the payroll. Data reflects that the numbers of […]
