The labour ministry has deferred by three months the mandatory Aadhar verification for filing of monthly provident fund returns by employers. The transfer is aimed toward guaranteeing statutory deposits are usually not held again due to this and comes as a breather to each employers and staff. “The date of implementation for filing ECR with Aadhaar verified UANs has been extended […]
The Employees’ Provident Fund Organisation (EPFO) has recently granted its members to get a second non-refundable COVID-19 advance in light of the financial mess created by the second wave of COVID-19, the Ministry of Labour and Employment announced on Monday. A non-refundable withdrawal is granted under this provision, up to 75 per cent of the
EPF Withdrawal: How To Avoid TDS Read More »
The Employees’ Provident Fund Organisation (EPFO) has recently changed the Provident Fund (PF) withdrawal rules, allowing PF account holders to withdraw money from their PF or EPF account (whichever applicable) as non-refundable advance. The decision aims to help EPFO members affected by the Covid-19 pandemic. An EPFO subscriber can now use PF/EPF withdrawal facility given by the
EPFO: Changes PF Withdrawal Rule For Non-Refundable Advance Read More »
The Ministry of Labour and Employment on Sunday announced additional benefits for workers through social securities schemes run by the EPFO and the ESIC amid the COVID-19 pandemic. These benefits include pension for dependents of insured persons with Employees’ State Insurance Corporation (ESIC) who died due to COVID-19 and hike in maximum sum assured under
EPF & ESI: Government Announces Additional Benefits Read More »
Eight unions of employees have written to Minister of Civil Aviation Hardeep Puri demanding an “independent forensic audit” into the mishandling of two provident fund trusts which serve the national carrier’s staffers and have allegedly incurred losses to the tune of ₹1,085 crore. “It has come as a shock to all of us unions, many
Air India Employees Demand Probe Into PF Trusts Read More »
India’s retirement fund manager on Friday raised the death insurance benefits for subscribers of its employees’ deposit-linked insurance (EDLI) scheme, at a time the coronavirus pandemic wreaks havoc across the country. In a gazette notification, the Employees’ Provident Fund Organisation (EPFO) said the minimum death insurance has been increased to ₹2.5 lakh and the maximum to ₹7
EPFO: Increases Maximum Death Insurance Benefit To ₹ 7 Lakh Read More »
New Delhi: There is no plan to link the Employees’ Pension Scheme (EPS) with the inflation index, the Union labour ministry informed Parliament on Wednesday and said that an expert committee has not recommend such a move. The government had constituted a committee for complete evaluation and review of EPS 1995, considering the demands of
Govt: Pension Scheme Not To Be Linked With Inflation Index Read More »
The government could create a separate fund under the Employees’ Provident Fund Organisation (EPFO) for contributions from individuals who join the scheme voluntarily once it is thrown open to everyone. A launch date for this fund would be announced separately when the scheme is made universal, said officials. A separate fund is being considered to ensure the
Separate Fund Under EPFO Likely For New Individuals Read More »
The Employees Provident Fund Organisation (EPFO) has launched “Freedom2021”, an SMS-based helpline for PF beneficiaries. PF beneficiaries in Coimbatore, Tiruppur, and the Nilgiris districts who want to book their visit to the EPFO regional office here in advance can send a message to 9220599205. The beneficiary should type EPFBOOK <space> UAN/PF number/any digits and/or letters
EPFO: Launches SMS-Based Booking Service Read More »
