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PF SCHEME 1952
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...
EPFO to launch WhatsApp service for PF updates; government targets faster resolution of pending legal disputesThe Employees’ Provident Fund Organisation (EPFO) is set to launch a WhatsApp service for PF updates, allowing members to interact with the...
EPFO overhauls PF trust rules: Risk-based audits, 2% interest cap on exempted establishmentsNew rules are set for companies managing their own provident fund trusts. Mandatory annual audits are replaced by a risk-based system. Inte...
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...
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 EPFO warns it can lead to recovery under EPF schemeThe EPFO warns against misusing withdrawn EPF amounts, stating it can lead to recovery with penal interest under the EPF Scheme, 1952.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 ...
EPFO declares 8.15% as EPF interest rate for FY 2022-23The EPFO has announced the interest rate for EPF accounts for the financial year ended on March 31, 2023. The interest rate for FY 2022-23 ...
EPFO clause makes opting for higher pension nearly impossibleResponding to an RTI query on February 3, the retirement fund body said it had not received a single application, since the inception of th...
EPFO clause makes opting for higher pension nearly impossibleOver the years, the government has been raising the PF contribution ceiling, which was Rs 5,000 until June 2001, before being raised to Rs ...
EPFO onboards over 7000 Air India employeesAccording to the statement, the employees of Air India will now be entitled to receive an extra 2% employer’s contributions in their provid...
EPFO onboards Air India, takes into fold 7,453 airline employees for social security benefits"EPFO (Employees' Provident Fund Organisation) onboards Air India for social security coverage to service the social security needs of thei...
EPFO raised demand of Rs 33.97 cr from Sahara Group companies, matter sub-judice: Rameswar TeliThe minister, in his response, further said that the exemption granted to M/s Sahara India, M/s Sahara India Financial Corporation Limited,...
EPFO cracks whip on 700 PF trusts for not filing returnsThe Central Provident Fund Commissioner after a review found that more than 700 exempted establishments (private PF trusts) did not file on...
EPFO nixes 5-day grace period for PF contribution by employersEarlier, employers paid the PF contributions and administrative charges within 15 days of close of every month and had a grace period of fi...
EPFO to inspect firms splitting wages to reduce Provident Fund liabilityEmployers often split wages into different allowances to reduce their PF liability and also increase the take home pay of their workers.
EPFO likely to announce 8.5% interest tomorrow on PF depositsThe EPFO, which is estimated to have an income of Rs 20,796 crore in the current fiscal, needs Rs 20,740 crore to pay 8.5% interest to the ...
Ask firms to file PF claims well in time: EPFO to field staffEPFO has directed its field offices to sensitise employers about the need to forward in time PF claims of outgoing workers.
- Focus on the larger picture
The government needs to set its sights on the bigger goal of reforming provident funds, not encourage confrontations between ministries.