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EPFO EXEMPTION PROCESS
EPFO asks retired employee to return Rs 2.5 crore PF money over company's trust exemption lapse; he fights in HC and winsA retired employee received relief from the Telangana High Court. The Employees' Provident Fund Organisation had demanded Rs 2.5 crore PF m...
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...
Withdrawal of retirement funds soon to be automated: EPFOThe Employees Provident Fund Organisation, EPFO, will soon automate final provident fund withdrawal claims. This will speed up money transf...
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...
Process review likely for firms surrendering EPFO exemptionThe Labour Ministry plans to revise rules for employers surrendering EPFO exemptions. This aims to protect workers' interests and speed up ...
Private sector PF trusts increasingly surrendering exempted establishment status under EPFOPrivate sector provident fund trusts are increasingly surrendering their exempted status to EPFO, with 17 establishments applying in FY24. ...
Exempted establishments cannot use surplus fund in their Trusts for crediting interest to its beneficiaries: EPFOIn a circular, dated October 7, the retirement fund body has clarified that upon the cancellation or surrender of exemption for Exempted Pr...
27 establishments surrender exemption under EPFO in last two yearsIn a statement issued on Sunday, EPFO said the increasingly enhanced focus by EPFO on its stakeholders, along with professionally managed f...
Can you transfer EPF account from unexempted trust to EPFO, exempted trust?EPF account transfer from unexempted trust: Many salaried individual have Employees' Provident Fund account either with EPFO or exempted tr...
EPFO plans to set up actuary, hire more staffEPFO plans to overhaul its pension division by setting up an in-house actuary and hiring more staff due to the increased workload from the ...
Government allows bulk transfer of provident fund from exempted establishmentsTill now exempted establishments had to approve and transfer the funds one-by-one for each member. Consequently, larger establishments requ...
EPFO launches online PF transfer facility for PF trustsProvident fund accounts with privately held PF trusts can now be transferred online to accounts maintained by the retirement fund body EPFO.
Budget 2014: PF trusts without regular exemption may come under tax netPrivate PF trusts are formed by firms that manage the money and accounts of their workers and have exemption from filing PF returns.
EPFO panel grants tax exemption to 20 private PF trustsThe meeting of the panel is being called as outgoing FM P Chidambaram did not extend a March 31 deadline for the trusts to get regular tax ...
Online Provident Fund transfer for workers under private trusts from JulyThere are over 3,000 private Provident Fund (PF) trusts which are managing the accounts as well as retirement fund of their workers.
EPFO panel grants regular tax exemption to 68 private PF trustsAn empowered committee of the retirement fund body EPFO today approved granting regular tax exemption to 68 private provident fund trusts.
EPFO panel meet on Friday to grant tax exemption to PF trustsIn a bid to protect tax benefits for subscribers of about 180 private provident fund trusts, retirement fund body EPFO has called a meeting...
EPFO panel meet in March to grant tax exemption to PF trustsChidambaram made it mandatory in 2006 for these trusts to procure an exemption certificate by March 31, 2007, a deadline that has been exte...
- Mallikarjun Kharge writes to FM on I-T exemption to private PF subscribers
Kharge has written to Pranab Mukherjee to consider extending the time-limit for private PF trusts to seek exemption from income tax on reti...
- Private PF trusts get one more year for licences
Companies managing the retirement savings of their employees through own provident fund trusts have been given more time to seek licences t...