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EPF DEPOSIT RULES
7 must-know things about EPS-95 pension: Eligibility, pension formula, family benefits and moreThe Employees' Pension Scheme, 1995, offers vital retirement benefits for organized sector workers. Managed by the Employees' Provident Fun...
EPFO held on to Rs 10 lakh for 11 years: Patna HC orders it to refund the deposit with 6% interest for ‘unjust enrichment’The Patna High Court has ordered the EPFO to pay 6% annual interest on a Rs 10 lakh deposit, citing unjust enrichment. The court ruled that...
Want to exchange old gold for new jewellery? Beware of these taxesIndians exchanging old gold for new should be aware of potential taxes on sales and purchases. The Income Tax Department monitors high-valu...
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...
Rules for faster full and final settlement, annual leave encashment & other provisions are already effective under new labour code even without state government notification, know what it meansNew labour code provisions are now effective across India from November 21, 2025. Employee benefits like faster full and final payments and...
Withdrawal of retirement funds soon to be automated: EPFOThe Employees Provident Fund Organisation, EPFO, will soon automate final provident fund withdrawal claims. This will speed up money transf...
Mother's Day Special: How AI, apps are empowering women to manage finances, improve health, build careerWomen are learning to keep pace with the ubiquitous apps and AI, shrugging off dependence on their kids for financial transactions, online ...
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...
Rs 15 lakh PF deducted but not deposited: HC allows criminal case to continue against director of company that turned insolventThe Orissa High Court ruled that a company director will face a criminal case for failing to deposit Rs 15 lakh deducted from employee sala...
8.25% interest rate on EPF balance for FY 2024-25 got final nod from Govt: Check how it will impact your EPF balance8.25% interest rate for EPF for FY 2024-25: The Central Government has approved an 8.25% interest rate for FY 2024-25, which ended on March...
New EPFO rules for death benefit: 3 changes announced under the EPF's EDLI scheme; check detailsThe EPFO's Central Board of Trustees announces changes to the Employees' Deposit Linked Scheme to enhance benefits for families of EPF memb...
EPF interest rate 8.25% for 2024-25: What’s actual interest amount you will get in your EPF account now? Here’s how to calculate itEPF interest rate 8.25%: The Labour Ministry has retained the 8.25% interest rate for the current financial year 2024-25. Once the interest...
When will EPF interest be credited for FY 2023-24? Here’s what EPFO has said, 4 ways to check PF balanceEPF interest for FY 2023-24: The Employees' Provident Fund Organisation (EPFO) announced the interest rate for provident fund deposits for ...
How to transfer EPF account from EPFO to employer’s EPF trust and vice versaWhile changing jobs, it may happen that your new employer runs a private EPF trust whereas old employer used to deposit the EPF money with ...
EPFO update: What happens to EPF account's interest if employer fails to deposit contributionAccording to a ruling made by the Supreme Court in February 2022, an employer is required to cover damages if an employee's Employees' Prov...
EPF interest: Why interest credited into EPF account is not visible, finance ministry clarifiesAccording to the Finance Ministry, there will be no interest rate loss for Employees' Provident Fund Organisation (EPFO) subscribers, and t...
SpiceJet may be defaulting on EPF: How to check if your employer is depositing itIn Budget 2021, the government amended the income tax law to ensure that employers deposited employees' EPF dues on time.
Employers to lose deduction for employee’s contribution to EPF if they don’t deposit on timeTo the extent that this ensures employers do not misuse or divert money meant for Employees’ Provident Fund (EPF), it will help increase su...
Relaxation in EPF deposit rules for employers did not lead to interest loss: Here's whyDue to on-going coronavirus pandemic, EPFO provided relief to the employers by providing relaxation in making the statutory deposit for Mar...
Govt proposes to relax EPF withdrawal rulesAs per the announcement, due to pandemic situation, the government will amend Employees Provident Fund withdrawal rules and also, will pay ...