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 2021

EPFO

EPFO allows its subscribers to avail second COVID- advance

May 31, 2021

EPFO adds . lakh net subscribers in the month of March,

EPFO adds . lakh net subscribers in the month of March, The provisional payroll data of EPF...

EPFO

May 22, 2021

EPFO increases death insurance under EDLI scheme to lakh

EPFO increases death insurance under EDLI scheme to lakh Labour Ministry on Friday increased the ...

EPFO

May 2, 2021

EPFO to Organize Grievance Meeting on April

EPFO to Organize Grievance Meeting on April , The next Nidhi Aapke Nikat or PF near you w...

EPFO

Mar 29, 2021

EPFO

Provident Fund: Govt raises threshold limit to 5 lakh for tax-free interest

Provident Fund: Govt raises threshold limit to 5 lakh for tax-free interest Finance Minister Nirmala Sitharaman on Tuesday raised the limit for tax exemption on interest earned on provident fund contribution by employees to Rs 5 lakh per annum in specified cases as against Rs 2.5 lakh proposed in the Budget. In her Budget for […]

Mar 23, 2021

EPFO

EPFO enrolled 13.36 lakh net subscribers in the month of January 2021

EPFO enrolled 13.36 lakh net subscribers in the month of January 2021 and around 62.49 lakh subscribers during the current financial year The provisional payroll data of EPFO published on 20th March, 2021 highlights a growing trend of subscriber base with the addition of 13.36 lakh net subscribers during the month of January, 2021. Despite COVID-19 pandemic, EPFO added around 62.49 lakh subscribers […]

Mar 22, 2021

EPFO

EPFO closed 71.01 lakh EPF accounts in April-Dec 2020

EPFO closed 71.01 lakh EPF accounts in April-Dec 2020 Retirement fund body EPFO closed 71.01 lakh employees’ provident fund (EPF) accounts during April-December in 2020 post pandemic which is higher than 66.66 lakh in the same period year ago, Parliament was informed on Monday. The government had imposed lockdown to contain the COVID-19 pandemic on […]

Mar 16, 2021

EPFO

EPFO plans to create a separate fund for voluntary subscribers

EPFO plans to create a separate fund for voluntary subscribers According to the ET report, The government of India plans to create a separate fund under the Employees’ Provident Fund Organisation (EPFO) for contributions from individuals who join the scheme voluntarily once it is thrown open to everyone. The launch of this separate fund would […]

Mar 10, 2021

EPFO

EPFO keeps 8.50% interest rate for the FY 2020-21

Central Board recommends 8.50 % rate of interest to its subscribers for the year 2020-21 The 228th meeting of Central Board of Trustees, EPF was held today in Srinagar, Jammu & Kashmir under the chairmanship of Shri Santosh Kumar Gangwar, Union Minister of State for Labour & Employment(Independent Charge), Vice-Chairmanship of Shri Apurva Chandra, Secretary(L&E) […]

Mar 4, 2021

EPFO

EPFO likely to declare rate of interest on EPF deposits for 2020-21 on March 4

EPFO likely to declare rate of interest on EPF deposits for 2020-21 on March 4 The Employees’ Provident Fund Organisation (EPFO) is likely to take up the proposal to announce the rate of interest for 2020-21 at its Central Board of Trustees (CBT) meeting at Srinagar, scheduled on March 4, the source said. K E […]

Feb 21, 2021

EPFO

Mismatch of KYC data holds-up EPF interest for 4 mn subscribers

Mismatch of KYC data holds-up EPF interest for 4 mn subscribers Retirement fund body EPFO was likely to credit 8.5 per cent rate of interest for 2019-20 in the employees’ provident fund (EPF) accounts of around six crore subscribers in one go on Diwali and then at end of December 2020 but around 4 million subscribers of […]

Feb 15, 2021

Jobs

Aatmanirbhar Bharat Rozgar Yojana: Details you need to know

Aatmanirbhar Bharat Rozgar Yojana: Details you need to know Aatmanirbhar Bharat Rozgar Yojana (ABRY) has been launched to incentivize employers for creation of new employment along with social security benefits and restoration of loss of employment during COVID-19 pandemic. Under the scheme; An employee drawing monthly wage of less than Rs. 15000/- who was not […]

Feb 15, 2021

EPFO

EPFO is likely to hike wage ceiling for PF deduction to Rs 21,000 from Rs 15,000

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 […]

Jan 24, 2021

EPFO

EPFO begins crediting 8.5% interest for 2019-20, to reflect in EPF accounts from Jan 1

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 […]

Jan 2, 2021

EPFO

EPFO has added 11.55 lakh net subscribers in October 2020

EPFO has added 11.55 lakh net subscribers in the month of October 2020, 56% rise in new enrolments The provisional payroll data of EPFO has been released on 20th December 2020. It reveals that EPFO has added 11.55 lakh net subscribers in the month of October, 2020. Despite the COVID-19 pandemic, EPFO has added around […]

Dec 21, 2020

Jobs

Your take-home salary may be impacted from April 2021. Know how?

Your take-home salary may be impacted from April 2021. Know how? The take-home salary of employees may reduce starting next financial year as companies would be required to restructure pay packages once the government notifies draft rules under the new wage rule. But if your salary is over Rs 15,000 the new Code of Wages […]

Dec 18, 2020