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EPFO COMPLIANCE 2024
Higher EPS Pension: EPFO can’t use the excuse of employer’s deficient system of recordkeeping as a ground to deny higher pension to employees, rules Bombay HCBombay High Court ruled in favour of six employees seeking higher pensions. The court stated the Employee Provident Fund Organisation (EPFO...
Has government changed EPF interest rate for FY 2025-26?The Employees Provident Fund Organisation's Central Board of Trustees has kept the EPF interest rate at 8.25% for the Financial Year 2025-2...
Higher EPS pension can’t be denied to members retiring after September 1, 2014, once EPFO accepts higher wage contributions, Kerala High CourtKerala High Court recently ruled in favor of employees seeking higher pension. EPFO had denied claims due to bulk contributions made by the...
Relief from GST annual return filing for these taxpayers; Know its impactSmall businesses with turnover up to Rs 2 crore are exempt from filing GST annual returns starting FY 2024-25, offering relief from complia...
EPS 95 Pension: Madras HC allows higher EPS pension for post-Sept 1, 2014 retirees under this conditionMadras High Court ruled in favor of 86 retired BHEL, Trichy employees. The court directed EPFO to accept their joint application for higher...
ISF flag issues with new registration of workers under mandatory facial authentication technologyThe Indian Staffing Federation (ISF) has urged the EPFO to reinstate the employer's ability to generate UANs for new hires, aiming to strea...
CGHS beneficiaries: Hospital claims to be rejected without geo-tagged photo upload in these cases, revised rules issuedThe Ministry of Health & Family Welfare has eased geo-tagging rules for CGHS, offering hospitals a one-time waiver on daily photo uploads u...
EPF withdrawals made easier for PF members but this impacts your retirement corpusRecent relaxations in EPF withdrawals allowed easy liquidity to cash-starved members, but it is advisable to resist this temptation and not...
EPFO settles record 5-cr claims worth over Rs 2 lakh cr in FY25Labour Minister Mansukh Mandaviya has announced that EPFO has crossed the 5 crore claims settlement mark in FY25. Due to multiple reforms l...
Key money updates in 2025: Major changes to UPI, credit card lounge access, fixed deposit, income tax and EPFOMoney changes in 2025: The new year brings several financial rule changes, including revised fixed deposit (FD) regulations for non-banking...
Labour reforms, social security for informal workers, transformative policies on cards in 2025The government aims to implement labour codes by 2025 to boost social security for informal workers, focusing on gig and platform workers. ...
Compliance check: EPFO reports 69% higher outstandings for FY24The Employees' Provident Fund Organisation (EPFO) reported a significant increase in outstanding dues, reaching ₹25,821 crore in March 2024...
Missed EPFO deadline to activate UAN for ELI benefits? You may get another chance to apply as govt yet to announce detailsEPFO ELI deadline: The last date for UAN activation to get benefits under the ELI Scheme expired on November 30, 2024. If you are an EPF me...
Central Board of Trustees of EPFO gave its go ahead to the Amnesty Scheme 2024The EPFO Amnesty Scheme 2024 has been approved, encouraging employers to resolve past compliance issues without penalties and promoting job...
Recast EPFO IT system to be operational in three monthsAs part of the revamp, the retirement fund body will come up with a re-engineered and rationalised centralised payments and claims settleme...
Centre brings three schemes via EPFO, to boost fresh employmentThe government introduces 3 schemes worth Rs 1.07 lakh crore through EPFO to enhance employment opportunities. New initiatives target first...
EPF new rules: EPFO issues SOP on how to freeze, defreeze UANIn order to detect probable situations of suspicious accounts or transactions where there may be a risk of impersonation or fraudulent with...
Do international employees still have to make EPF contributions after Karnataka High Court ruling?Karnataka High Court's April 25, 2024 ruling deemed special provisions for International Workers under EPF Scheme unconstitutional, affecti...
EPFO restricts credits, deposits into EPF accounts linked with Paytm Payments Bank from this dateThe EPFO advised all its Field Offices to refrain from accepting claims associated with bank accounts in Paytm Payment Bank Limited with ef...
Govt to launch 2nd version of National Career Service portal in 2024; prod states on labour reformsIn 2024, the government aims to enhance the ease of doing business and extend social security to unorganized labor, including gig and platf...