EPF Updates & Cases

NEW DELHI: Retirement fund body EPFO on Thursday dismissed media reports about a fall in the number of firms and subscribers contributing towards its social security schemes in October. The Employees’ Provident Fund Organisation (EPFO), is an statutory organisation under the Ministry of Labour and Employment. “An article was published in a section of (media) on November 18, 2020 under the caption […]

Establishments registered with the Employees’ Provident Fund Organisation (EPFO) fell by more than 30,800 in October from September, indicating companies may not be recovering as quickly as expected and are shedding jobs because of continued stress. While there were 534,869 contributing establishments with retirement fund manager EPFO in September, the number fell to 504,044 in

According to media reports, Employees’ Provident Fund Organisation (EPFO) is likely to credit the first installment of the 8.5% interest for the financial year 2019-20 to its subscribers by Diwali. The EPFO central board in September had announced that it would credit 8.5% interest on employees provident fund (EPF) for 2019-20 in two installments. The interest rate is divided

Central govt. will give subsidy by way of EPF contributions for two years in respect of new eligible employees Subsidy will be credited upfront in Aadhaar-seeded EPFO accounts. (Part 3) Criteria for EPFO registered establishments to be eligible for benefits under #AatmaNirbharBharatRozgarYojana If new employees of requisite number are recruited from Oct 1, 2020 to

Pensioners who get their due pension through Pension Disbursing Authorities (PDAs) such as the bank or the post offices are required to furnish a ‘life certificate’ or Jeevan Praman Patra’ to these PDAs once every year. This life certificate is submitted either by presenting themselves personally or by delivering a life certificate in the prescribed

The Employees’ Provident Fund Organisation (EPFO) has introduced multiple options to submit life certificate by pensioners in the current Covid-19 pandemic and avoid the rush to submit the certificates. The Jeevan Praman Patra (JPP) can be done round-the-year and will be valid for one year from the date of registration. The pensioners who have been

New Delhi: The Employees’ Provident Fund Organisation (EPFO) will allow pensioners to submit their digital Pramaan Patra at any time during the year as per their convenience and not just during the months of November & December. The life certificate will remain valid for one year from the date of submission. For example, The Digital Life

New Delhi: The government is proposing to bring the voluntary pension scheme for small traders and unorganised workers under the ambit of the Employees Provident Fund Organisation (EPFO) hoping to make the two schemes more attractive. Both have failed to draw significant subscribers several years after launch. “We are looking at bringing the Pradhan Mantri

NEW DELHI : The Income Tax department has allowed recognised provident funds to invest in ‘A’ or higher-rated debt securities, a move which will give them flexibility to retain their current investments in bonds even where such papers have been downgraded. Earlier, recognised employees provident fund trusts were required to invest in securities having ‘AA’ and