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EPFO RECOVERY
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...- Thinking of withdrawing EPF for misuse? EPFO warns it can lead to recovery under EPF schemeThe EPFO warns against misusing withdrawn EPF amounts, stating it can lead to recovery with penal interest under the EPF Scheme, 1952. EPF ...
- 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...
- Defaults under EPFO hit all-time high, rise 69.3%EPFO defaults soared to a record ₹25,820.88 crore in 2023-24, a 69.3% jump. Exempted establishments drove the surge, with Telangana leading...
- EPFO recovers ₹61 crore dues from SpiceJetThe EPFO has recovered ₹61 crore from SpiceJet towards provident fund dues, with the remaining amount under assessment. SpiceJet denies the...
- Employers can log in to EPF portal to check on liabilitiesThe Employees' Provident Fund Organisation (EPFO) in India has introduced automated solutions for damages and interest calculations to impr...
- EPFO to run special recovery drive from December to FebruaryIn response to the escalating challenge of delayed recovery of dues from subscribers, the Employees’ Provident Fund Organisation (EPFO) is ...
- EPFO adds 1.28 million members in JuneProvisional payroll data released by the EPFO showed that of the total 1.28 million net new subscribers, about 0.81 million came under the ...
- EPFO added 10.11 lakh subscribers in November 2020Age-wise analysis of the data indicates those in the 22-25 year age bracket has registered highest growth in subscriber base with around 2....
- EPFO adds 14.9 lakh net new subscribers in September; quarterly addition at pre-Covid levelsThe net payroll addition for the second quarter of FY’21 stood at 30.34 lakh, which is approximately equal to payroll figures of second qua...
- EPFO records 10.05 lakh new enrolments in AugustLatest data released on Tuesday showed that net new enrolments in April were in the negative zone at (-) 1,04,608 against the figure of (-)...
- EPFO records 8.45 lakh new enrolments in JulyProvisional payroll data released by the EPFO shows net enrollment in June have been revised down to 4.83 lakh compared to 6.55 lakh in Jun...
- EPFO records 6.55 lakh net new enrolments in June from 1.72 lakh during May 2020New subscribers increased about 64% to 498,000 in June from 303,000 in May while exits from EPFO subscriber base declined nearly 33% to 296...
- EPFO cuts administrative charges; firms to save Rs 900 croreThe EPFO had reduced administrative charges from 1.10 per cent to 0.85 per cent from January 1, 2015. It was further reduced to 0.65 per ce...
- CAG flags lower administrative charges collection by EPFOThe under-realisation was detected after test checking of records at the eight EPFO regional offices during January 2015 to March 2017 peri...
- Bank accounts of 636 firms sealed by EPFO for irregularitiesEPFO has sealed the bank accounts of 636 organisations and attached the properties of 7 others for alleged irregularities in paying employe...
- 464 schools defaulted on payment of PF dues: Parliament464 schools in the country including 8 in Delhi, failed to deposit provident fund contributions with retirement fund body EPFO on time, Par...
- EPFO to set up specialised corporate offices for large firmsRetirement fund body EPFO has decided to create paper less specialised corporate offices (SCO), which would provide prompt services to larg...
- Finance, labour ministries differ on EPFO service tax issueThe central board of excise and customs has slapped a notice for recovery of service tax on Employees’ Provident Fund Organisation.
- Rs 80 lakh PF dues recovered in Subhiksha caseA month after the chennai office of the EPFO passed an order asking Subhiksha to pay Rs 1.76 crore of PF dues to its employees, the organis...
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