The Employees’ Provident Fund Organisation (EPFO) has announced two major changes that will make the claim process smoother and faster. 🔹 No more cheque leaf or attested passbook uploads!Previously, EPF members had to upload a cancelled cheque or an attested copy of their bank passbook while filing claims. Now, if your bank account is already […]
EPF Update: Faster & Easier Claims! Read More »
In a move that could expand the social security coverage for formal sector workers, the government is considering a proposal to increase the wage threshold under the Employees’ Provident Fund Organisation and the Employees’ State Insurance Corporation. According to sources, the government could increase the wage ceiling under the two schemes to Rs 25,000 per
Centre Considers Increasing Monthly Wage Ceiling for EPFO and ESIC to Rs 25,000 Read More »
Case: THANKAMMA BABY v. THE REGIONAL PROVIDENT FUND COMMISSIONER Coram: Justice Abhay S Oka and Justice Sanjay Karol Case no.: CIVIL APPEAL NO. 4619 OF 2010 Court Observation: “We are dealing with a social welfare legislation described by the Constitution Bench as a measure of social justice. Therefore, to give effect to the legislature’s intention, the Court will have
The Employees’ Provident Fund Organisation (EPFO) will no longer accept Aadhaar card as a valid proof for date of birth. EPFO which comes under the Ministry of Labour and Employment of the Government of India, made the announcement through a circular (No: WSU/2024/1/UIDAI Matter/4090) on Tuesday. The decision has been made with the approval of
EPFO removes Aadhaar as valid proof for date of birth. Check valid documents Read More »
The number of fresh formal jobs increased for the third consecutive month in June to hit a 9-month high, thus signalling a sustained recovery in the labour markets in the first quarter of financial year 2023-24 (FY24), shows the latest payroll data released by the Employees’ Provident Fund Organisation (EPFO). The number of new monthly
EPFO Data: Fresh Formal Job Creation Touches 9 Month High in June 23 Read More »
Officers of the Employees’ Provident Fund Organisation (EPFO) shot off an unusually grave missive to the Central government on Wednesday, slamming its inaction on fixing the fund’s archaic and “collapsing” software systems, and finalising replacements for old servers that would likely stop working by January 2024. In their communique to Union Labour and Employment Minister Bhupender Yadav,
Download: Official Gazette The Union finance ministry has notified the rate of interest for provident fund contributions at 8.15% for 2022-23. “The Ministry of Labour and Employment, Government of India, has conveyed the approval of the Central Government under para 60 (1) of Employees’ Provident Fund Scheme, 1952 to credit interest for the year 2022-23
PF: Finance Min Approves 8.15% Interest Rate for FY23 Read More »
The Employees Provident Fund Organisation (EPFO) has released Frequently Asked Questions (FAQs) on higher EPS pensions. The FAQs will help you understand the documents you will require and the application forms while applying for higher pensions. It will help let you know how to calculate the pension using a formula for pension calculation, etc. The
EPFO: FAQs on Higher Pension – Calculate Pension Using the Formula Read More »
The Employees Provident Fund Organisation (EPFO) has announced another extension to the application deadline for higher pension. Eligible members now have until July 11 to apply for the increased pension. This decision to grant multiple extensions was prompted by a Supreme Court verdict in November 2022, which was followed by delays in the issuance of clarification circulars.
EPFO: Extends the Deadline for Higher Pension till July 11 Read More »
