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EPF ACT AMENDMENTS
Rs 7 lakh life insurance cover at zero premium, which very few EPF members are aware of; check how to claim when neededEmployees' Provident Fund contributions offer a life insurance cover of up to Rs 7 lakh through the EDLI scheme, at no extra premium. This ...- EPS-95 Higher Pension: Employees contributing to EPF on actual wages cannot be denied higher EPS 95 pension if they were EPS members on September 1, 2014, rules HCThe Karnataka High Court has ruled in favour of exempt trust employees. Those who retired after September 1, 2014, and contributed Providen...
- Rs 15 lakh PF deducted but not deposited: HC allows criminal case to continue against director of company that turned insolventThe Orissa High Court ruled that a company director will face a criminal case for failing to deposit Rs 15 lakh deducted from employee sala...
- SC to hear LG India's plea against EPF requirement for expat staffThe Supreme Court will hear LG Electronics India's challenge to rules requiring foreign workers in Indian companies to join the Employees' ...
- PPF stays out of tax on EPF interest“The cap is not applicable on PPF because there is already a limit of ₹1.5 lakh contribution in a year to PPF,” the official said. The gove...
- EPFO to discuss making EPF optional for apparel workersEarlier last year in June, the Centre has brought a package for the textile and apparel sector which was later extended to made-ups also in...
- Don’t be in a rush to make EPF-NPS switch: ExpertsThe proposal to switch from EPF to NPS was announced in last year’s Budget. This year’s Budget has extended a one-time tax exemption to suc...
- EPF members could soon switch to NPS, but experts say don’tOnly this time the govt may be unfairly targeted because switching rules it has framed for EPF and NPS are quite flexible and subscriber-fr...
- Law Ministry vetting Bill to amend EPF & MP ActThe proposal to provide an option to choose between EPF and NPS for over 5 crore subscribers of the retirement fund body EPFO has been sent...
- Labour Ministry to push for six bills in Winter SessionThe Labour Ministry will push as many as six bills for passage in the upcoming winter session of Parliament starting next week to bring in ...
- International Labour Organisation echoes unions' reservation against labour law amendmentsILO has put its weight behind trade unions in India which hold that certain proposed amendments to labour laws would go against the interes...
- Labour Ministry to push reforms in Monsoon sessionThe Labour Ministry has sought comments of the Law Ministry on Small Factories (Regulation of Employment and Conditions of Services) Bill,.
- Workers may get to choose between EPF and New Pension Scheme for pensionThe proposal is part of the bill to make comprehensive amendments to the Employees' Provident Funds and Miscellaneous Provisions Act 1952.
- Govt to consider unions' reservations in EPF Act amendmentsThe move was proposed under the amendments to the Employees' Provident Fund & Miscellaneous Provisions Act.
- Bill to amend EPF Act likely in Budget sessionThe government is likely to introduce a bill to amend the EPF & MP Act in the budget session of Parliament with the objective of bringing m...
- Companies with 10 employees to come under EPFO; 50 lakh to gain“The recommendations submitted to the ministry are part of the comprehensive amendment to the Act being proposed,” the official added.
- EPF amendment among four Bills introduced in J-K AssemblyA Bill seeking to enable employees to increase their contribution under EPF scheme to up to 14 per cent of the basic was among the four ame...
- Amend EPF Act: Allow voluntary migration to NPSThe EPFO's corpus is large enough to be diversified across the risk spectrum to generate high, yet safe returns.
- EPFO may be made as powerful as I-T deptThe labour reforms promised by the Prime Minister may actually start with the EFP reforms. The new minister and the Central Board of Truste...
- EPF net to be widened, pink slip insurance likelyCall centres, cellphone operators, medical transcriptions and a host of new generation services are set to be brought under the EPF net wit...
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