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PF REMITTANCE
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...- 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...
- 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...
- Found anomalies in your EPS remittances? EPFO explains how you can get refund for wrong contributionEmployers are making mistakes with Employees Pension Scheme contributions. Some members are wrongly included, while eligible ones are exclu...
- Higher EPS pension application: Only these 3 documents are required for you to complete your applicationThe deadline for higher EPS 95 pension application is July 11 however many eligible members are still struggling with the online applicatio...
- Documents you will need to submit when applying for higher pension under EPSThe Employees' Provident Fund Organisation (EPFO) issued two circulars - December 20, 2022 and February 20, 2023 - providing instructions o...
- 20% of temporary staff may not be able to avail full benefit of PF withdrawal: Indian Staffing FederationThe staffing federation has written to labour ministry last week asking them to re-look into the issue.
- Private PF trusts can't invest funds in own entities: EPFOIt said the Board of Trustees of these EPF trusts, while investing the provident fund remittances, shall adhere to the said norms.
- EPFO probing delay in PF contribution by KingfisherRetirement fund body EPFO is probing the issue of non-compliance in provident fund (PF) contribution by Kingfisher Airlines relating to int...
- Labour Ministry gives clean chit to Kingfisher Airlines, says no complaint against itHowever, it has constituted a squad of enforcement officers for verifying compliance in respect of all its employees as payment of contribu...
- Labour Ministry gives clean chit to Vijay Mallya's defunct company Kingfisher Airlines“There is no complaint available on record either from members/Union regarding non-payment of EPF dues by the company,” ministry said.
- 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...
- Centre asks states not to delay PF remittances depositThe Centre today suggested the states should deposit the remittances collected quickly into the PFRDA system so that they do not lose out o...
- EPFO to seek clarity on transaction limit in Jan-Dhan schemeUAN will be a big tool of social security in the hands of over 5 crore workers in organised sectors as they can get update on PF contributi...
- Educomp defaults on provident fund payments, says 'delay brought upon by stress'Educomp has defaulted on provident fund remittance relating to about 15,000 employees, for the first six months of current financial year.
- Scamsters drain out PF accounts with fake claims, EPFO swings into damage-control modeNearly 2.5 crore, or 30 per cent, of all provident fund accounts have a negative balance, some of which may be due to fraudsters who faked ...
- EPFO wants default on PF remittance under economic offencesRetirement fund body EPFO wants defaults on PF remittance by companies to come under economic offences, a top official said today.
- EPFO seeking refund of ‘excess interest’; sends out notices to members whose requests were completed after April 1, 2011EPFO has reached out to present employers of PF members & sought refunds, citing wrongful credits of excess interest on past PF balances.
- CAG reports serious lapses in PF AccountsLabour Minister Mallikarjun Kharge had raised the interest rate on PF deposits for 2010-11 to 9.5% from 8.5% based on this surplus.
- Now, all PSU banks may get to take EPF depositsPublic sector major State Bank of India (SBI) is set to lose its monopoly as the only bank where provident fund receipts of over four crore...
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