EPS-95 Employees Pension Scheme 04 APR 2022 The has been framed by the Central Government in accordance with the powers conferred by section 6A of the Employees’ Provident Funds and Miscellaneous Provisions (EPF and MP) Act, 1952. The EPS-95 came into force on 19.11.1995. Review and revision of schemes is an ongoing process. The provisions of the EPS-95 are reviewed … [Read more...] about Employees Pension Scheme – Important amendments made in EPS-95
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EPF
DEMAND TO INCREASE MINIMUM PENSION UNDER EPF PENSION SCHEME
EPF PENSION SCHEME GOVERNMENT OF INDIAMINISTRY OF LABOUR AND EMPLOYMENT RAJYA SABHA STARRED QUESTION NO. 177TO BE ANSWERED ON 17.03.2022 DEMAND TO INCREASE MINIMUM PENSION UNDER EPF PENSION SCHEME 177. SHRI M. SHANMUGAM: Will the Minister of Labour and Employment be pleased to state: (a) whether Government is receiving demands from stakeholders like trade … [Read more...] about DEMAND TO INCREASE MINIMUM PENSION UNDER EPF PENSION SCHEME
Relief to establishments covered by the EPF and MP Act , 1952 from penalty levy for delayed payment of dues during lockdown
Ministry of Labour & EmploymentRelief to establishments covered under EPF and MP Act, 1952 from levy of penalty for delayed deposit of dues during lockdown 15 MAY 2020 5:14PM Due to prolonged lockdown announced by the Govt. to control the spread of COVID-19 and other disruptions due to pandemic, establishments covered under EPF & MP Act, 1952 are distressed and … [Read more...] about Relief to establishments covered by the EPF and MP Act , 1952 from penalty levy for delayed payment of dues during lockdown
EPFO resolve 1.37 Lakh EPF withdrawal claims to counter Covid-19 within 10 days
Ministry of Labour & EmploymentEPFO settles 1.37 Lakh EPF withdrawal claims to fight Covid-19 in less than 10 days 10 APR 2020 Employees Provident Fund Organisation (EPFO), an statutory body under Union Ministry of Labour & Employment has processed about 1.37 lakh claims across the country disbursing an amount of Rs. 279.65 crore under a new provision especially … [Read more...] about EPFO resolve 1.37 Lakh EPF withdrawal claims to counter Covid-19 within 10 days
New Public & Private Companies Registration for EPFO & ESIC now on MCA portal
Ministry of Labour & Employment Registration of New Public & Private Limited Companies for EPFO & ESIC now on MCA Portal 06 MAR 2020 As part of the ongoing efforts to improve India’s ranking in the Doing Business Report 2021, The Ministry of Labour & Employment has completed the reform to “Integrate process of registration for GST, EPFO, ESIC and … [Read more...] about New Public & Private Companies Registration for EPFO & ESIC now on MCA portal
YEAR END REVIEW 2019 – MINISTRY OF LABOUR AND EMPLOYMENT
YEAR END REVIEW- 2019: MINISTRY OF LABOUR AND EMPLOYMENT MORE THAN 39 LAKHS BENEFICIARIES ENROLLED IN PM-SYM AND MORE THAN 20,000 IN NPS- TRADERS 1,52,778 ESTABLISHMENTS COVERING 1,21,65,587 EMPLOYEES BENEFITTED UNDER PMRPY 30 DEC 2019 Ministry of Labour and Employment has taken a number of initiatives for bringing transparency and accountability through reforms and … [Read more...] about YEAR END REVIEW 2019 – MINISTRY OF LABOUR AND EMPLOYMENT
EPFO – Central Board of Trustees (CBT) approved the proposal to recommend for amendment in Employees Pension Scheme (EPS) 1995
EPFO Central Board of Trustees (CBT) approved the proposal to recommend for amendment in Employees Pension Scheme (EPS) 1995 Ministry of Labour & Employment CBT Approved Proposal to Recommend Amendment in EPS 1995225th meeting of CBT held on 21st august, 2019 at Hyderabad 22 AUG 2019 In a major decision, the Central Board of Trustees (CBT) EPF in a meeting … [Read more...] about EPFO – Central Board of Trustees (CBT) approved the proposal to recommend for amendment in Employees Pension Scheme (EPS) 1995
EPFO – Finance Ministry has approved 8.65% rate of interest on Employees Provident Fund (EPF) for 2018-19
EPFO - Finance Ministry has approved 8.65% rate of interest on Employees Provident Fund (EPF) for 2018-19 The Finance Ministry has approved 8.65% rate of interest on Employees’ Provident Fund (EPF) for 2018-19 as decided by retirement fund body EPFO, benefitting more than 6 crore formal sector workers. “The Department of Financial Services (DFS), a wing of Finance … [Read more...] about EPFO – Finance Ministry has approved 8.65% rate of interest on Employees Provident Fund (EPF) for 2018-19
98.38 Lakh Employees benefitted through PMRPY
Ministry of Labour & Employment 98.38 Lakh Employees benefitted through PMRPY 07 JAN 2019 Pradhan Mantri Rojgar Protsahan Yojana (PMRPY) was launched on 9th August, 2016 with the objective to incentivise employers for creation of employment. Under the scheme, Government of India is paying Employer’s full contribution i.e. 12% towards EPF and EPS both (as admissible from … [Read more...] about 98.38 Lakh Employees benefitted through PMRPY
Payroll Reporting in India: An Employment Perspective – Coverage and Sources of data
Payroll Reporting in India: An Employment Perspective - Coverage and Sources of data Employees' Provident Funds Scheme: September, 2017 to October, 2018 PROVISIONAL ESTIMATES OF SUBSCRIBERS AS PER EPFO RECORDS (IN NUMBERS) Coverage and Sources of data 1. The Employees Provident Fund Scheme (EPF) is a mandatory savings scheme under the Employees' Provident Funds and … [Read more...] about Payroll Reporting in India: An Employment Perspective – Coverage and Sources of data
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