An estimated 79 lakh new members, around 29% more compared with 2018-19, got registered with the Employees’ Provident Fund Organisation (EPFO) in 2019-20, as per the net payroll data of the retirement fund body. The data of net new subscribers is based on the Universal Account Number (UAN) generated in the system and where the […]
Employees Provident Fund: 79 Lakh New PF Accounts Opened In FY 2019-20 Read More »
Finance Minister Nirmala Sitharaman said that starting today, she will hold daily pressers along with her teams to detail a number of responses the government has prepared to bring the economy back on track. Deadline for filing ITR pushed till 30 Nov Due date of all IT Return filings extended have been extended from 31
Nirmala Sitharaman on Economic Package (13-May-2020) Read More »
The Employees Provident Fund Organisation (EPFO) is set to face an income crisis, which will have a direct bearing on millions of its subscribers’ PF earnings in 2020-21. A million workers have already withdrawn their EPF savings in last five weeks to tide over income loss caused by the ongoing lockdown imposed to prevent the
EPFO income dips as deposits are deferred, withdrawals rise Read More »
Retirement fund body EPFO on Wednesday allowed employers to register their digital signatures online through e-mail, in view of the lockdown to combat COVID-19, according to a labour ministry statement. Currently, authorised persons of employers have to go to the Employees’ Provident Fund Organisation (EPFO) offices to get their digital signatures registered. In the current scenario
EPFO allows employers to register digital signatures via e-mail Read More »
NEW DELHI: The Employees’ Provident Fund Organisation (EPFO) will start giving out full pensions from May to those who opted for commutation at the time of retirement. Commutation is an option given to pensioners to convert a part of their monthly pension into an upfront lumpsum payment at the time of retirement. The full pension is restored after some time,
EPFO to disburse restored pension from This month Read More »
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EPF – ESI (SST Treatment) – Income Tax Refund – Latest Updates: 09-Apr-2020 Read More »
Instructions to Members for filing claims u/p 68 L A. Eligibility to file online claim for the purpose “Outbreak of pandemic (COVID-19)” 1. UAN should be activated 2. Verified Aadhaar should be linked with UAN 3. Bank Account with IFSC code should be seeded with UAN B. Eligible Amount Upto 75% of PF balance (Employee
To help tide over hardship caused by the coronavirus lockdown, Employees’ Provident Fund (EPF) rules will be relaxed, finance minister Nirmala Sitharaman announced today. EPF subscribers can now withdraw 75% of their PF balance or 3 month wages as a non-refundable advance, whichever is lower. This will benefit about benefit 4.8 crore employees. Experts have
EPF rules changed for getting non-refundable advance Read More »
Retirement fund body EPFO on Monday said it has issued directions for timely credit of monthly pension to over 65 lakh employees’ pension scheme (EPS) beneficiaries amid the coronavirus outbreak. The Employees’ Provident Fund Organisation (EPFO) disburses monthly pension to over 65 lakh pensioners every month under the EPS. “Due to the coronavirus pandemic, lockdown
EPFO directs field offices to timely credit pension to 65 lakh EPS beneficiaries Read More »
