EPF Updates & Cases

EPF Act Can Be Applied Even To Factories Not Engaged In Schedule 1 Industries: Supreme Court Rejects Plea Of Umbrella Making Unit

Loading

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 […]

EPF Act Can Be Applied Even To Factories Not Engaged In Schedule 1 Industries: Supreme Court Rejects Plea Of Umbrella Making Unit Read More »

EPFO removes Aadhaar as valid proof for date of birth. Check valid documents

Loading

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 »

EPFO Data: Fresh Formal Job Creation Touches 9 Month High in June 23

Loading

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 »

EPFO’s IT System Collapsing: Software Causing Wastage of Time, Officers Send SOS to Centre

Loading

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,

EPFO’s IT System Collapsing: Software Causing Wastage of Time, Officers Send SOS to Centre Read More »

PF: Finance Min Approves 8.15% Interest Rate for FY23

Loading

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 »

EPFO: FAQs on Higher Pension – Calculate Pension Using the Formula

Loading

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 »

EPFO: Extends the Deadline for Higher Pension till July 11

Loading

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 »

EPFO Fixes 8.15% Interest Rate For 2022-23

Loading

Retirement fund body EPFO (Employees’ Provident Fund Organisation) fixed 8.15 per cent  rate of interest on employees’ provident fund (EPF) deposits for 2022-23 at its meeting today. In March 2022, EPFO had lowered the interest on EPF for 2021-22 to an over four-decade low of 8.1 per cent for its about five crore subscribers, from 8.5 per cent

EPFO Fixes 8.15% Interest Rate For 2022-23 Read More »

Labour Ministry asks EPFO to speed up work on higher pension

Loading

As the deadline set by the Supreme Court for submitting joint options of employees and employers to claim higher Provident Fund pension is ending on March 4, the Union Labour Ministry has sent a letter to the Employees’ Provident Fund Organisation (EPFO) asking it to expedite the process so that those who want to claim higher pension

Labour Ministry asks EPFO to speed up work on higher pension Read More »

error: Content is protected !!