Making a contribution towards Employees Provident Fund (EPF) that is just the required amount is definitely a wrong decision. You should increase the amount of your EPF, which is 12 per cent of your basic pay at present. Via the Voluntary Provident Fund contribution, you can raise your contribution amount towards EPF. The VPF is […]
Increase Your Contribution Towards EPF Through VPF: Why ? Read More »
EPFO Central Board of Trustees (CBT) members have proposed to the Ministry of Labor to cut contribution and increase the pension limit for the country’s 4.5 crore PF members. CBT members have started pressuring them citing the interest of employees. Members have demanded the Labor Ministry to include it in the agenda of the next
PF & Pension: Proposal To Increase Limit Upto 25 Thousand Read More »
This is good news for employees working in the private sector. Now EPFO (Employees Provident Fund Organization) has taken better initiative for the future financial security of these employees. In this scheme, whichever employee retires on that day, his pension will be ready from the same day and will be started. This system is considered
227th Meeting CBT of EPF held Posted On: 09 SEP 2020 4:51PM by PIB Delhi The 227th Meeting of the Central Board of Trustees (CBT), EPF was held today under the Chairmanship of Shri Santosh Kumar Gangwar, Minister of State for Labour & Employment (I/C), and Vice Chairmanship of Shri Heeralal Samariya, Secretary (L&E), Central
EPF Update: 227th Meeting CBT of EPF (EDLI, Interest & more) Read More »
In the Corona era, there is a relief news for the family of 4.5 crore people across the country. Now, on the sudden death of any EPF member, the nominee will get Rs 7 lakh of insurance. Till now only 6 lakh rupees were given. The EPFO’s Pension-EDLI Committee has approved it. With this, preparations
EPF Update (News): Nominee Can Claim On Sudden Death Under eDLI Read More »
With this step of the central government, lawyers, doctors, CA and other self-employed people will also be able to join the EPF scheme. Currently, around 60 million people are covered under the EPF. The Employees Provident Fund, which is considered an important social security scheme for employees, can now be implemented at the individual level as
EPF Scheme: Doctors, CA and Lawyers will be able to join Read More »
NEW DELHI: As much as Rs 30,000 crore has been withdrawn in under four months starting April by 8 million subscribers of the Employee Provident Fund Organisation. EPFO manages a corpus of Rs 10 lakh crore built on mandatory contributions from nearly 60 million salaried people and their employers. The huge outgo is likely to impact the
EPFO Withdrawals: Rise In April-July, 2020 Read More »
The Union Cabinet chaired by the Prime Minister Shri Narendra Modi today has given its approval for extending the contribution both 12% employees’ share and 12% employers’ share under Employees Provident Fund, totaling 24% for another 3 months from June to August, 2020, as part of the package announced by the Government under Pradhan Mantri
EPF Official Gazette: PMGKY Extension – Contribution Of 24% From June To August 2020 Read More »
The Union Cabinet on Wednesday approved the proposal to extend the scheme for payment of the employer and employee’s Provident Fund (PF) contribution for three months until August. Finance Minister Nirmala Sitharaman had announced the extension of the benefit in May this year. “Cabinet has approved the extension of the scheme where government pays contributions
PMGKY – PF Contribution: Cabinet Approves Extension Till August Read More »
