Category: EPF

PF interest rate revised to 8.8 per cent from 8.7 per cent for FY16 by FinMin

| April 29, 2016

PF interest rate revised to 8.8 per cent from 8.7 per cent for FY16 by FinMin EPF interest rate revised: Labour unions have won another battle over Employee Provident Fund with the Finance Ministry agreeing to 8.8 per cent interest to be paid on EPF balances for 2015-16. Labour unions have won the battle over […]

Read More

Central government to reduce Provident Fund contribution of employees

| January 22, 2015

Central government to reduce Provident Fund contribution of employees Central government to reduce Provident Fund contribution of employees, Please read this news paper report of dainik jagran hindi daily:-

Read More

Finance Ministry may ratify 8.75% interest rate on Provident Fund next week

| September 7, 2014

Finance Ministry may ratify 8.75% interest rate on EPF next week NEW DELHI: The Finance Ministry is likely to give its concurrence next week to retirement fund body EPFO’s trustees’ decision to provide 8.75 per cent rate of interest on PF deposits to over five crore subscribers this fiscal. “It has been almost two weeks […]

Read More

Interest rates on PF

| July 22, 2014

Interest rate on PF GOVERNMENT OF INDIA MINISTRY OF LABOUR AND EMPLOYMENT RAJYA SABHA UNSTARRED QUESTION NO-830 ANSWERED ON-16.07.2014 Interest rate on PF 830 . SHRI D. RAJA M.P. ACHUTHAN (a)whether Employees” Provident Fund Organisation (EPFO) has a proposal under consideration to increase the interest rate on Provident Fund (PF) deposits from the present rate […]

Read More

EPFO is likely to provide 9% interest rate during 2014-15

| June 17, 2014

Retirement fund body Employees’ Provident FundOrganisation (EPFO) is likely to provide nine per cent rate of interest on provident fund (PF) deposits for the current financial year to its 50 million subscribers, slightly higher than 8.75 per cent paid in 2013-14. “The initial estimates indicate EPFO can easily provide nine per cent rate of interest on PF deposits […]

Read More

Employees earning upto Rs 15,000 a month will soon come under the Employees’ Provident Fund (EPF) net

| June 14, 2014

Employees earning upto Rs 15,000 a month will soon come under the Employees’ Provident Fund (EPF) net Employees earning upto Rs 15,000 a month will soon come under the Employees’ Provident Fund (EPF) net, with the Narendra Modi government approving a hike in the threshold for mandatory PF savings from Rs 6,500 a month to […]

Read More

EPFO to allot permanent A/c No to active subscribers by Oct 15

| April 20, 2014

EPFO to allot permanent A/c No to active subscribers by Oct 15 Retirement fund body EPFO will provide permanent or universal account numbers (UAN) on the pattern of core bankingservices to its over five crore active subscribers by October 15 this year.Under core banking services, a customer can avail the bank services in any of its branch through […]

Read More

Government rejects clubbing of allowances with basic pay for Provident Fund Deductions

| April 6, 2014

Government rejects clubbing of allowances with basic pay for Provident Fund Deductions With the government rejecting a proposal to club allowances with basic pay for provident fund deductions, the EPFO will soon issue a notification in this regard, a setback for over 5 crore subscribers. “EPFO has got a letter from the Labour Ministry asking […]

Read More

Frequently Asked Question on EPFO

| April 3, 2014

Frequently Asked Question on EPFO The EPF (Employee Provident Fund) – most popular investment for salaried individuals is maintained solely by the Employees Provident Fund Organisation of India (EPFO). As a statutory rule, any company having more than 20 employees, have to register with the EPFO. We bring you the top 10 Frequently Asked Questions on EPF […]

Read More

EPFO to grant tax exemption to PF trust

| March 28, 2014

EPFO to grant tax exemption to PF trust NEW DELHI: In a bid to protect tax benefits for subscribers of about 180 private provident fund trusts, retirement fund body EPFO has called a meeting of an empowered committee on Friday to grant them regular tax exemption. The meeting has been called as the Finance Minister […]

Read More