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EMPLOYEE PROVIDENT FUND SCHEME
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...- SC nudges centre to revisit EPF wage cap of ₹15,000, directed to take decision on the matter in 4 monthsThe Supreme Court has directed the government and the Employees Provident Fund Organisation to examine the ₹15,000 basic salary ceiling for...
- SC urges Centre to revisit EPF wage capThe Supreme Court has directed the Central government to decide on revising the Employees Provident Fund Organisation wage ceiling within f...
- Inoperative EPF accounts' total amount up 5 fold to Rs 8,505 cr in 6 yearsInoperative EPF accounts have seen a five-fold increase, reaching Rs 8,505.23 crore in FY24 compared to Rs 1,638.37 crore in FY19. The EPFO...
- EPFO to challenge HC ruling against inclusion of foreign workers under its ambitIn a recent judgement, the high court termed the EPF scheme provisions covering 'international workers' unconstitutional if international w...
- EPFO evaluates course of action on Karnataka HC judgement on foreign workers"While holding the highest regard for the Court's decision, the EPFO (Employees' Provident Fund Organisation) is actively evaluating the co...
- EPFO looks to increase equity investmentsThe retirement fund body will soon approach the finance ministry to seek its clearance for investing the proceeds from ETFs in any permissi...
- EPFO forms three committees to frame draft schemesThe Employees' Provident Fund Organisation of India has launched three committees to create draft schemes for pension, provident fund and i...
- Traders' body seeks credit card scheme for businessmen in upcoming BudgetDemands of covering every trader registered under GST with an accident claim of Rs 10 lakh on the lines of the scheme introduced by the Utt...
- EPFO adds 14.65 lakh net new subscribers in JulyThe provisional payroll data of EPFO, released on Monday, shows of the total 1.46 million net subscribers added during the month, around 0....
- Recovery in formal job market pushes EPFO enrolments to 8.45 lakh in JulyThe payroll data, released by the ministry of statistics and programme implementation on Friday, shows the members exiting the EPFO scheme ...
- Nearly 1.2 crore new EPF subscribers added over the last 11 monthsThe data includes information on the new members who have started subscribing to EPF and those who have ceased their subscription during th...
- EPFO: CBT rejects proposal to reduce PF contribution to 10%In the meeting, CBT approved hike in investment limit in exchange traded funds (ETFs) from the present 10 per cent to 15 per cent, Dattatre...
- EPFO will not construct houses, but become a facilitator: Bandaru DattatreyaGovernment intends to facilitate at least 10 lakh subscribers in next two year by allowing them to use 90% of EPF accumulations to make dow...
- You can withdraw EPF for treatment without doctor certificateThe subscribers can seek fund withdrawal from their EPF account on various grounds by using a composite form along with a self-declaration.
- Higher wage ceiling of Rs 25,000 to add 1 crore workers to EPFO net"The proposal was deferred due to paucity of time and would be taken up at another meeting being planned for later this month," EPFO truste...
- Labour Ministry notification paves way for fixed-term employment in textile sectorUnion cabinet had approved special package for employment generation and promotion of exports in textile and apparel sector on June 22.
- Government mulls allowing sick, loss-making PSUs run PF trustsGovt is considering a proposal to relax the Employees' Provident Fund Scheme to enable loss-making and sick PSUs to continue with their own...
- Finance Ministry approves Rs 1,000 minimum monthly pension planThe Finance Ministry has approved a proposal for providing a minimum monthly pension of Rs 1,000 to workers in the organised sector.
- EPF scheme may be extended to all firms with over 10 workersAt present the EPF Act has provisions that any factories or establishments having 20 or more employees have to contribute to the EPF.
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