Latest Provident Fund HR Trends, workforce insights, and expert analysis. Stay updated with the latest news on Provident Fund.
According to the media report, the four labour codes on wages, social security, industrial relations...
A high-level committee has backed the proposed for increasing in the wage ceiling under the Employee...
The Centre has planned to tax Employees Provident Fund EPF contributions exceedingnbspRs.nbsp...
EPFO has been released the provisional payroll data on 20th March 2022, which highlights that EPFO has added 15.29 lakh net subscribers during January 2022. Month-on-month comparison of payroll data also indicates an increase of 2.69 lakh net subscribers addition in January, 2022 as compared to the net additions during the previous month of December, 2021. Of the […]
Retirement fund body EPFO said it has processed all pending claims of women across the country to mark the occasion of International Women’s Day in a unique way. The Employees’ Provident Fund Organisation (EPFO) began a massive exercise on March 8, 2022 and processed about 1.39 lakh claims filed by women, it said in a statement. Out […]
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 […]
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 […]
EPFO has released highlights that EPFO has added around 15.41 lakh net subscribers during the month of September 2021. For the month of September 2021, the net subscriber additions have increased by 1.81 lakh as compared to the previous month of August 2021 when it was 13.60 lakh. Out of the total 15.41 lakh net […]
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 […]
The provisional payroll data of EPFO released on 20th October, 2021 highlights that EPFO has added around 14.81 lakh net subscribers during the month of August 2021. The data reflects a growing trend in net payroll for the first five months of the current financial year. For the month of August 2021, the net subscriber addition […]
In order to facilitate EPF subscribers, EPFO has launched one more e-initiative i.e., Aadhaar based e-Nomination. The physical filing of nomination is done through submission of ‘Form 2 Revised’, now with the launch of the e-nomination facility, members themselves can file their nomination online, using this e-Nomination facility available in the member portal. The link […]
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 […]
According to The Indian Express report, A group of employees at a Mumbai office of the Employees Provident Fund Organisation (EPFO) allegedly siphoned over Rs 21 crore from a common PF pool through fraudulent withdrawals. According to the internal investigation, that five employees from EPFO’s Kandivali office transferred money through 817 bank accounts established in […]
