Latest EPFO HR Trends, workforce insights, and expert analysis. Stay updated with the latest news on EPFO.
EPFO adds . lakh net subscribers in December Ministry of Labour amp Employment The provi...
Mismatch of KYC data holds-up EPF interest for mn subscribers Retirement fund body EPFO was likely...
Aatmanirbhar Bharat Rozgar Yojana Details you need to know Aatmanirbhar Bharat Rozgar Yojana ABRY...
EPFO has launched an electronic facility for principal employers to view EPF compliances of their contractors EPFO has launched an electronic facility for principal employers (PE) who are not registered with the organization can register on the portal. In big news for employers and contract workers, the Employees’ Provident Fund Organisation (EPFO) has made a […]
Government’s Efforts to Generate Youth Employment Annual Periodic Labour Force Survey (PLFS) on employment and unemployment is conducted by National Statistical Office (NSO), Ministry of Statistics and Programme Implementation since 2017. As per the PLFS 2018-19, the estimated unemployment rate for persons of age 15 years and above on usual status (principal status + subsidiary […]
EPFO: Interest on your PF contributions over Rs 2.5 lakh to be taxed Interest on employee contributions to provident fund over Rs 2.5 lakh per annum would be taxed from April 1, 2021, a move aimed at taxing high-value depositors in the EPF. Finance Minister Nirmala Sitharaman said the Employee Provident Fund (EPF) is aimed […]
EPFO is likely to hike wage ceiling for PF deduction to Rs 21,000 from Rs 15,000 The government of India is likely to increase the monthly wage ceiling of mandatory EPF soon. The report suggests that it will be hiked from Rs 15,000 to RS 21,000. Accoring to a report by Zee News, a meeting […]
Govt to drive a nationwide survey to identify wilful EPFO, ESIC defaulters The government of India to drive a nationwide survey to identify companies that did not deposit the social security dues which come under the Employees’ Provident Fund Organisation (EPFO) and Employees’ State Insurance Corporation (ESIC) as part of a crackdown against wilful defaulters. Compliance cannot […]
EPFO net new enrolments dip to 10.11 lakh in November Net new enrolments with retirement fund body EPFO slipped to 10.11 lakh in November from 10.56 lakh in October 2020, according to its latest payroll data released on Wednesday, providing a perspective on formal sector employment amid the coronavirus pandemic. Provisional payroll data released by the Employees’ […]
EPFO settles 56.79 lakh COVID-19 advance claims, releases over Rs 14,000 cr till Dec 2020 Retirement fund body EPFO has settled 56.79 lakh COVID-19 non-refundable advance claims, and has disbursed Rs 14,310 crore till December 31, 2020, reflecting the adverse impact of the pandemic on the formal sector workforce. When the coronavirus-induced lockdown was imposed […]
Uniform definition of ‘Wages’ under 4 new Labour Codes and its Impact: Parizad Sirwalla, Partner KPMG Labour laws in India are traditionally governed by multiple Central government and state government legislations. With a view to harmonise and consolidate such multiple labour legislations, 29 existing Central laws have been amalgamated into four labour codes. These codes regulate […]
The three-judge Bench headed by Justice U.U. Lalit will consider the petitions on January 18, Monday After an interval of 21 months, the Supreme Court will be considering the review petition filed by the EPFO (Employees Provident Fund Organisation) against the apex court verdict on the pension and the appeal filed by the Ministry of […]
EPFO: Major Initiatives Taken in 2020 Ministry of Labour and Employment has initiated major reforms in labour laws to ensure safety, security and health for every worker with transparency and accountability. During the tough time of Covid-19, many e-governance measures were introduced to simplify the entire EPFO claim process and by the same time, Pradhan Mantri […]
EPFO begins crediting 8.5% interest for 2019-20, to reflect in EPF accounts from Jan 1 Retirement fund body EPFO on Thursday started crediting 8.5 per cent rate of interest on employees’ provident fund (EPF) for 2019-20 for its over six crore members, a senior official said. A large number of members of the Employees Provident Fund Organisation (EPFO) would be able […]
EPFO: Finance Ministry indicates, 8.5% EPF Interest to be credited soon According to Indian Express report, EPFO is learned to have got clearance from the Finance Ministry for an interest rate recommendation of 8.5 per cent for FY20 and is expected to credit it to epf subscribers in the next few days. EPFO is looking […]