Finance minister Nirmala Sitharaman on Thursday announced a one-time non-refundable advance for provident fund subscribers, who can get up to 75% of their contribution or three months wages, whichever is lower. Employees’ Provident Fund Organisation answers some queries. How will an EPFO subscriber be able to use the facility? An advance under the amended paragraph can be […]Continue Reading..
Nirmala Sitharaman in her press briefing today made two major announcements with regards to members of the Employees’Provident Fund Organisation (EPFO). As per the announcements, made in an attempt to tackle the pandemic situation, the government will relax the Employees’ Provident Fund (EPF)withdrawal rules to enable easier access to the money and also pay both […]Continue Reading..
Retirement fund body EPFO on Monday said it has issued directions for timely credit of monthly pension to over 65 lakh employees’ pension scheme (EPS) beneficiaries amid the coronavirus outbreak. The Employees’ Provident Fund Organisation (EPFO) disburses monthly pension to over 65 lakh pensioners every month under the EPS. “Due to the coronavirus pandemic, lockdown […]Continue Reading..
If you work in an organized sector company, then you will have to go to the EPFO office in connection with the work related to PF. However, amid the current crisis of corona virus, the department has asked EPF Subscribers and Pensioners to avoid coming to the EPFO office. It is noteworthy that Employees’ Provident Fund Organization […]Continue Reading..
The Employees’ Provident Fund Organisation (EPFO), the retirement savings manager, may fail to keep its commitment to pay an 8.5% return to its 60 million subscribers in 2019-20 because of the bloodbath on the stock market sparked by investor worries over the impact of the novel coronavirus. EPFO could not redeem a large portion of […]Continue Reading..
This is good news for millions of employees across the country. EPFO (Employees ‘Provident Fund Organization) and ESIC (Employees’ State Insurance Corporation) have made some new announcements in the interest of employees. They will benefit a large number of employed people. These announcements mainly cut employee contributions, which will benefit many people. About these EPFO , ESIC Ministry of Labor, Ministry of Labour and EPFO […]Continue Reading..
In a setback for salaried employees, the Employees’ Provident Fund Organization (EPFO) is likely to offer a lower rate of return on EPF accounts in financial year (FY) 2019-20. On 5 March 2020, the Central Board of Trustees of EPFO proposed to lower the rate of interest from 8.65% offered in FY19 to 8.50%, subject […]Continue Reading..
As an employee provident fund (PF) contribution is a part of your salary and you can see how much goes into it from your monthly salary slip. To get a detailed breakup, you need to get your hand on a copy of the PF statement where you will find information of both employee and employer contributions and other details […]Continue Reading..
EPFO has made a big change in the rules for submitting Life Certificate. To get pension, pensioners will now be able to submit online life certificates anytime of the year at their convenience. The Employees’ Provident Fund Organization (EPFO) has given a big gift to 64 lakh pensioners. EPFO has made a big change in […]Continue Reading..
“As part of the ongoing efforts to improve India’s ranking in the doing business report 2021, ministry of labour and employment has completed the reform to integrate process of registration for GST, EPFO, ESIC and profession Tax for Maharashtra with company incorporation” in tandem with the MCA,” labour ministry said in a statement. Registration of […]Continue Reading..