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PF REFORMS
EPF rules: New Labour Code vs old PF law creates payroll & tax confusion for employersA visible exception in the latest reform story is that the Employees’ Provident Funds and Miscellaneous Provisions Act (EPF Act), 1952—Indi...- EPFO Latest Update: ‘Passbook Lite’ Launch; EPFO makes changes for faster claim settlement, reduced processing timeEPFO Update: The EPFO has introduced 'Passbook Lite' on its member portal, enabling subscribers to conveniently view a simplified EPF passb...
- EPFO brings in more reforms aimed at enhancing efficiency, transparency and ease of living: Mansukh MandaviyaLabour and employment minister Mansukh Mandaviya, on Thursday, said the retirement fund body has enabled access to all its services and acc...
- EPF 3.0: Withdraw PF by swiping from ATMsSwift and hassle-free withdrawal of provident fund money could be revolutionary. Paradoxically, the current time-consuming and tedious proc...
- 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...
- Budget 2024 staffing industry's wish list: Tax breaks, skill development, and PF reformsThe staffing and HR industry anticipates tax breaks and investment in skill development in the FY25 budget. They propose lowering the GST o...
- Govt unlikely to review Rs 2.5 lakh threshold to tax PF interest“Of course, PF is lifetime saving of the working class and the government is committed to ensure that they benefit. But we had to undertake...
- Social Security Code Bill introduced in Lok SabhaThe Bill proposes setting up a social security fund using corpus available under corporate social responsibility. This fund will provide we...
- Govt unlikely to push labour reforms bills in next Parliament sessionThey had opposed industrial relation code bill which provides for allowing firms with up to 300 workers to go for closure, lay off or retre...
- Budget 2016: PPF stays on exemption list, only EPF interest to attract taxHasmukh Adhia said the Budget 2016 proposal to tax 60 per cent of EPF withdrawal will affect less than one-fifth of employees with high sal...
- Budget 2016: Taxing PF withdrawal anti-worker, double taxation, say trade unionsCentral trade unions, including the RSS-backed Bharatiya Mazdoor Sangh (BMS), have opposed the Budget proposal to tax EPF.
- Budget 2016 'hopeless', tax on PF will hurt middle class: Trinamool Congress"This budget is not constructive, nor is it creative. It is stereotype and routine. We are left with no option, but to call it a hopeless b...
- Labour Ministry goes all-out to get House nod for EPF amendmentsAccording to the revised definition of wages, all emoluments or remunerations including all allowances would be payable to an employee in c...
- Converting 44 labour laws into 4 simplified codes: Labour Secretary Shankar AggarwalAggarwal was speaking as a chief guest during a seminar on 'Compliance of Labour Legislations-Issues and Concern' organised by industry PHD...
- Andhra Pradesh Police Bill passed; sets two-year fixed term for Director General of PoliceAccordingly, an ordinance was promulgated on July 20 to give effect to the decision immediately," the Deputy Chief Minister added.
- Government to look into shortage of judges in labour courts: Narendra Singh TomarMinistry of labour and employment has said that it will look into the issue of unavailability of judges in the labour courts across the cou...
- Government borrowing cost set to rise on PF reformsRetirement funds with over Rs 5 lakh cr in assets, now free to invest up to 55% in state government securities that offer 0.75-0.8% higher ...
- Forcing workers to divert more of their salary to the provident fund is wrongAll that would happen is that the employee’s take-home salary would come down drastically, she would get to spend less, and get to save les...
- Focus on the larger pictureThe government needs to set its sights on the bigger goal of reforming provident funds, not encourage confrontations between ministries.
- EPFO's hidden treasure to fetch you 9.5% returnThe EPFO board also decided to stop paying interest to accounts that have not seen any fresh contribution for three years or more.
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