“We are in favour of waiving the employees’ contribution altogether up to a certain level of income. This will boost the take-home salary of such employees rather than force them to park so much of their monthly income into their EPF account for retirement,” said the official. Budget 2016 – High Chances of Boost in Take Home Salary – An analyst said this could also help … [Read more...] about Budget 2016 – High Chances of Boost in Take Home Salary
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EPFO - Employees Provident Fund Organisation
EPFO may pay 9% interest on PF deposits for 2015-16
EPFO may pay 9% interest on PF deposits for 2015-16 Retirement fund body EPFO may provide 9 per cent interest on PF deposits for this fiscal, which is higher compared to 8.75 per cent provided in previous two fiscals to its over five crore subscribers. The Employees Provident Fund Organisation’s (EPFO) finance panel has recommended raising the interest rate on statutory … [Read more...] about EPFO may pay 9% interest on PF deposits for 2015-16
PF Withdrawal Made Easier, 2 Crore Employees to Benefit: 10 Facts
PF Withdrawal Made Easier, 2 Crore Employees to Benefit: 10 Facts Of late, the Employees' Provident Fund Organisation (EPFO) has taken many steps to make provident fund (PF) accounts more user-friendly. Earlier this month, EPFO allowed its subscribers to file their PF withdrawal applications directly to the retirement fund body without employers' attestation. Here is a … [Read more...] about PF Withdrawal Made Easier, 2 Crore Employees to Benefit: 10 Facts
Employees can withdraw EPF money without employers permission
Now, employees can withdraw EPF money without employers’ permit Employees can avail the benefit if details such as Aadhaar number and bank account number have been linked to the EPF UAN and their KYC verification has been done by the employer New Delhi: Employees will no longer need the approval of their employers to withdraw money from their Employees Provident Fund (EPF) … [Read more...] about Employees can withdraw EPF money without employers permission
EPFO is likely to increase the interest rate on PF deposits for 2015-16, from 8.75% fixed for the last two financial years
EPFO may raise interest rate on PF from 8.75% for FY16 Retirement fund body EPFO is likely to increase the interest rate on PF deposits for 2015-16, from 8.75 per cent fixed for the last two financial years, during its trustees' meet tomorrow. Retirement fund body EPFO is likely to increase the interest rate on PF deposits for 2015-16, from 8.75 per cent fixed for the … [Read more...] about EPFO is likely to increase the interest rate on PF deposits for 2015-16, from 8.75% fixed for the last two financial years
EPFO Likely to Announce Interest on PF for 2015-16 on Nov 24
EPFO Likely to Announce Interest on PF for 2015-16 on Nov 24 After RBI cut interest rate by half a percentage point in September end, finance ministry had said that it will review rate of interest on small savings scheme. Retirement body EPFO is likely to announce interest rate on PF deposit for 2015-16 at its trustees’ meeting on November 24. “The proposal … [Read more...] about EPFO Likely to Announce Interest on PF for 2015-16 on Nov 24
Public Sector Undertakings Comes Under EPFO Scanner
Public Sector Undertakings Comes Under EPFO Scanner EPFO Concentrates on Workers in Construction Sector Student-Trainees not Employees for Purpose of EPF & MP act, 1952. While taking stock of the various developments in EPFO during the month of October, 2015, Shri K.K. Jalan, CPFC noted that several important decisions have been taken in the past one … [Read more...] about Public Sector Undertakings Comes Under EPFO Scanner
Coverage of all construction workers under the ambit of Employees Provident Funds and Misc. Provisions Act, 1952
Centre move to bring all construction workers under EPFO The Additional Provident Fund Commissioner has sent a circular to all regional PF offices instructing them that senior officials should visit construction spots, including roads, bridges, pipeline, railway line, buildings and enroll the workers for the benefit of the scheme. EMPLOYEES' PROVIDENT FUND … [Read more...] about Coverage of all construction workers under the ambit of Employees Provident Funds and Misc. Provisions Act, 1952
EPFO Celebrates Digital India Week: Unveils New Website
EPFO Celebrates Digital India Week: Unveils New Website EPFO Emerging as Centre for Excellence in Governance - Shri Shankar Aggarwal The Employees’ Provident Fund Organisation (EPFO) is on way of becoming a centre for excellence in governance. This was stated by Shri Shankar Aggarwal, Secretary, Labour & Employment here today while inaugurating EPFO’s new revamped … [Read more...] about EPFO Celebrates Digital India Week: Unveils New Website
Amendments to the Employees pension Scheme 1995
Eligible Service under Employees pension Scheme – EPFO issues Notification to amend Employees Pension Scheme 1995 EPFO has issued a letter regarding Amendments to the Employees pension Scheme 1995 – Issue of Gazette Notification No.G.S.R.226(E) dated 26.03.2015 and G.S.R.227 (E) dated 26.03.2015 EMPLOYEES PROVIDENT FUND ORGANISATION (Ministry of Labour & Employment, … [Read more...] about Amendments to the Employees pension Scheme 1995
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