Category: EPFO

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 […]

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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 […]

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EPFO makes it mandatory for PF trusts to file returns online

| March 30, 2014

EPFO makes it mandatory for PF trusts to file returns online Retirement fund body EPFO has made it mandatory for private provident fund trusts to file their returns online every month from April this year to improve the monitoring of these employers. “(private PF trusts) are required to file e-return. This is mandatory return from […]

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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 […]

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Fixed medical allowance payable to the serving as well as retired employees of the EPFO for outdoor treatment-Clarification

| March 25, 2014

Fixed medical allowance payable to the serving as well as retired employees of the EPFO for outdoor treatment-Clarification Employees’ Provident Fund Organisation (Ministry of Labour & Employment, Govt. Of India) Bhavishya Nidhi Bhawan, 14-Bhikaiji Cama Place, New Delhi-110 066 No. HRM-8/V/12/1/2003/FMA/Vol-II/26632 Dated: – 14.03.2014 Subject: Fixed medical allowance payable to the serving as well as retired employees of the EPFO for […]

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EPFO to take action against persons drawing multiple pensions

| March 19, 2014

EPFO to take action against persons drawing multiple pensions

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EPFO settles 1.1 cr claims till Feb end, 97% within 10 days

| March 12, 2014

EPFO settles 1.1 cr claims till Feb end, 97% within 10 days Retirement fund body EPFO settled over 1.1 crore claims, including those of withdrawal and transfer of provident fund, in this fiscal till February end, and of these, 97 per cent cases were settled within 10 days. “31 per cent of the total claims […]

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Employees will get Interest Rate 8.75% on EPF during 2013-14

| March 6, 2014

Employees will get Interest Rate 8.75% on EPF during 2013-14 Government has accorded approval to give Interest Rates at the rates of 8.75% to employees during the year 2013-14. We are presenting News Report for your information herein.

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Government is not Contributing its share fully in Pension Schemes

| February 21, 2014

Government is not Contributing its share fully in Pension Schemes We request all subscribers of Pension Schemes including subscribers of New Pension System to please check with their employers whether they are contributing fully in Pension Schemes. Please see this news paper report, Please ensure proper contribution in your funds otherwise you may end up […]

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Government may further hike EPF Rates

| February 20, 2014

A proposal to revise the interest rate of Employees Provident Fund (EPF) by 0.25 per cent is under the consideration of the government. Replying to a question in Rajya Sabha, Minister of State for Labour and Employment Kodikunnil Suresh said the Central Board of Trustees (CBT) Employees’ Provident Fund (EPF), at its meeting, has recommended […]

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