Provident Fund: HR News, Trends & Workplace Insights

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

Updated on: May 2022

Industry

Ex-HR manager of pvt firms held for misappropriation of funds

May 28, 2022

Labour Codes, -Day Work Week is likely to be implemented by July

According to the media report, the four labour codes on wages, social security, industrial relations...

Labour Law

Apr 23, 2022

Labour Codes, -Day Work Week is likely to be implemented by July

EPFO Panel backs raising the monthly wage ceiling to Rs. ,

A high-level committee has backed the proposed for increasing in the wage ceiling under the Employee...

EPFO

Apr 18, 2022

Employees Provident Fund contributions above Rs. . Lakh to be taxed

The Centre has planned to tax Employees Provident Fund EPF contributions exceedingnbspRs.nbsp...

EPFO

Mar 24, 2022

Employees Provident Fund contributions above Rs. . Lakh to be taxed

EPFO

EPFO announces the net subscribers added in the month of January 2022

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 […]

Mar 21, 2022

EPFO

EPFO has processed all pending claims of women across the country

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 […]

Mar 9, 2022

EPFO

EPFO added 13.95 lakh net subscribers in November 2021

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 […]

Jan 21, 2022

EPFO

EPFO has made it compulsory to designate nominee, deadline is Dec 31

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 […]

Dec 23, 2021

EPFO

EPFO adds 15.41 lakh net subscribers in September 2021

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 […]

Nov 23, 2021

EPFO

Just ahead of Diwali, EPF interest is to be credited soon for FY 2021

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 […]

Oct 30, 2021

EPFO

EPFO adds 14.81 lakh net subscribers in August

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 […]

Oct 22, 2021

EPFO

EPFO Launches Aadhaar based e-Nomination

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 […]

Sep 5, 2021

EPFO

EPFO subscribers to have 2 EPF accounts from now on- CBDT

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 […]

Sep 4, 2021

EPFO

Centre to pay PF share of employer, employee till 2022

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 […]

Aug 23, 2021

EPFO

EPFO adds 12.83 lakh net subscribers in the month of June 2021

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 […]

Aug 23, 2021

EPFO

Mumbai EPFO staff siphoned off Rs 21 crore during COVID-19 pandemic

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 […]

Aug 18, 2021