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PRIVATE PF TRUSTS
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...- India services activity hits 5-month high in April on strong domestic demand: HSBC PMIIndia's services sector saw strong growth in April, reaching a five-month peak. Domestic demand and new orders fueled this expansion. Manuf...
- 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...
- 8.2 lakh workers dip into retirement savings to survive in lockdownClaims settlement involves disbursal of total amount of Rs 4,684.52 crore which includes Rs 2,367.65 crore COVID claims under the PMGKY pac...
- EPFO to be sole regulator for all categories of PFs: Parliamentary panel to Labour MinistryThe Committee is convinced that a strong regulatory system should be in place for all PF trusts.
- 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 may bring 500 small private PF Trusts into its foldAccording to an analysis by the EPFO, there are 1,550 private PF trusts having total subscribers of over 82 lakh employees. These trusts ar...
- Private PF trusts can also invest in stock marketsThe ministry now has issued a separate notification for private PF trusts or exempted establishments to allow them to invest in stock marke...
- EPFO to launch online transfer for organised sector workers covered under private PF trusts this monthThere are 3,621 PPFT) which are managing the accounts as well as retirement fund of their workers. These trusts are regulated by the EPFO.
- Budget 2014: PF trusts without regular exemption may come under tax netPrivate PF trusts are formed by firms that manage the money and accounts of their workers and have exemption from filing PF returns.
- 79 private PF trusts flout prescribed investment normsThese 79 companies operate private PF trusts and manage their workers' retirement funds as well as account themselves.
- Online Provident Fund transfer for workers under private trusts from JulyThere are over 3,000 private Provident Fund (PF) trusts which are managing the accounts as well as retirement fund of their workers.
- Private provident fund trusts to file e-returns: EPFOEPFO has made it mandatory for private provident fund trusts to file their returns online every month from April to improve the monitoring ...
- EPFO panel grants regular tax exemption to 68 private PF trustsAn empowered committee of the retirement fund body EPFO today approved granting regular tax exemption to 68 private provident fund trusts.
- EPFO to provide Annexure-K online to Private PF trustsAccording to a circular issued by the Employees' Provident Fund Organisation (EPFO) to its field staff, the 'Annexure -K' will be provided ...
- EPFO to launch software to monitor private PF trusts on SundayThese Private PF Trusts are those firms which manage their workers' PF account and funds themselves, and are governed by the EPF Scheme 195...
- Online PF transfer for workers under private trusts soonEmployees covered under private Provident Fund trusts, will be able to transfer their PF accounts online from next month.
- Finance Ministry extends tax exemption for private PF trusts till March 2013Giving relief to about 46 lakh subscribers of over 2,700 private PF Trusts, the Finance Ministry has extended the income tax exemption for ...
- FinMin may extend IT exemption to private PF trusts till Mar 2013The Finance Ministry is likely to extend the income tax exemption on retirement benefits to private PF trusts for the current fiscal.
- Mallikarjun Kharge writes to FM on I-T exemption to private PF subscribersKharge has written to Pranab Mukherjee to consider extending the time-limit for private PF trusts to seek exemption from income tax on reti...
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