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EPF AMENDMENT
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...
- Will EPF interest rate rise to 10%? Central government clarifies stance on rate hike and feasibilityThe government has stated it has not received formal requests from labour unions to raise the Employees Provident Fund interest rate to 10%...
- PF claim settlement rule change: Now EPF members will get more interest money on EPF withdrawal, faster settlementNew EPF claim settlement rule: The EPFO has announced changes in Para 60(2)(b) of the EPF Scheme, 1952. The changes announced in the Employ...
- How to check if your employer has deposited your EPF contribution into the accountOnce the Employees' Provident Fund deduction has been deducted from an employee's salary, an employer must deposit the same in the EPF acco...
- Labour Ministry allows EPF withdrawal amid lockdownThe decision is taken in view of lockdown across the country to fight COVID-19. The COVID-19 has been declared pandemic and therefore emplo...
- Govt plans to amend EPF: Allow switch from EPS to NPS, protect PF dues in case of bankruptcyHere is a look at the three major changes proposed in the EPF Act as per the draft bill.
- EPFO may bring 500 small private PF Trusts into its foldAccording to an analysis by the EPFO, there are 1,550 private PF trusts having total subscribers of over 82 lakh employees. These trusts ar...
- Now, even idle EPF account will earn interestThe dilution in the definition of inoperative accounts means that from Nov 11, more account holders will get interest against funds lying i...
- 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...
- Labour Ministry seeks Cabinet approval for EPF amendment billEPF Amendment Bill seeks to provide an option to EPFO subscribers of choosing between EPF and New Pension System.
- 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 ...
- Labour Ministry working on six bills for passage in Winter SessionThey include Child Labour (Prohibition & Regulation) Amendment Bill, 2012 and Payment of Bonus (Amendment) Bill, 2015.
- Labour ministry to introduce bills in Parliament despite trade unions oppositionLabour ministry wants to exempt factories deploying fewer than 40 workers from complying with 14 central labour laws, including the Industr...
- 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.
- 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...
- 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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