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News
Employee Provident Fund
Employee Provident Fund News
EPFO Welfare Scheme
21 Sep 2024
EPFO To Spend Over Rs 13 Crore On Employee Welfare In FY25
Earlier this month, the Centre approved the Centralised Pension Payments System (CPPS) that will benefit more than 78 lakh people under the Employee Pension Scheme (EPS), which is part of EPFO.
EPFO
14 Jun 2024
EPF Withdrawal Update: EPFO Discontinues Covid-19 Advance Facility
EPF is a government-supported program that provides retirement benefits to employees.
EPFO
27 Mar 2023
PF Interest Rate: EPFO Likely To Decide Rate Of Interest EPF Deposits Tomorrow
EPFO had lowered the interest on EPF for 2021-22 to an over four-decade low of 8.1 per cent for its about five crore subscribers, from 8.5 per cent in 2020-21 in March 2022.
Employee Provident Fund
01 Nov 2022
EPFO Pensioners alert! Read THIS new rule on retirement money withdrawal
CBT is the highest decision-making body of the EPFO. CBT recommends govt. to make changes to the EPS-95 plan. When the retirement benefit is fixed, retirees will receive greater pensions.
EPFO interest
19 Oct 2022
EPFO Subscribers may get interest rate in their accounts post Diwali: Report
EPFO subscribers may get the due interest in their accounts after Diwali. Lakhs of EPFO subscribers are waiting for the interest in their accounts. The Centre approved an employee provident fund (EPF) interest rate of 8.1% for the years 2021–2022.
PF withdrawal
16 Oct 2022
Withdrawing PF online? Know which form to select for correct PF claim filing
Both employee and employer contribute to EPF EPFO allows part withdrawal from the provident fund EPFO added 18.23 lakh net members in July, 2022
EPFO
06 Oct 2022
EPFO Update: PF Interest money not credited in your EPF a/c? Govt says THIS
However, for quite some time now, subscribers have not got the interest money of their PF credited into their account. Responding to a tweet by T.V Mohandas Pai, former CFO and Ex-director of Infosys, the Finance Ministry has said that the delay in interest payment does not mean loss of money.
EPFO
03 Jun 2022
PF Update: EPF interest rate of 8.1% approved by govt; Details here
Govt approves 8.1 percent interest rate on EPF. In March last year, EPFO slashed the interest rate on employees' provident fund deposits to a four-decade low of 8.1 percent.
EPF
28 Mar 2022
PF account holders alert! New rules to come from April 1; Know details
Interest on EPF was totally tax-free prior to Budget 2021. Finance Minister Nirmala Sitharaman proposed in her budget address for 2021-22 that PF payments of more beyond Rs 2.5 lakh per year be taxed. EPF payments over Rs 2.5 lakh per year would be taxed, according to a notification published on August 31.
UAN number
10 Jan 2022
Want to create a UAN number? Here’s how to do it online
You can access your Employee Provident Fund (EPF) account once you have your 12-digit UAN number. It also allows you to examine your passbook and check the balance of your EPF account.
Provident fund
20 Apr 2021
Are you COVID positive? Here’s how to take PF loan for its treatment
The norms by the Employees’ Provident Fund Organisation (EPFO) revealed that employees are well within their rights to withdraw money for a medical emergency, construction or purchase of a new house, renovation of the house, repayment of home loan, and wedding purposes. To withdraw money for COVID-19 treatment, a person needs to get it under the medical emergency for spouse, or member or parent or children. An employee is eligible to get six times the monthly salary or employee’s share with interest (whichever amount is lesser) from the EPF for medical treatment including that of COVID-19.
EPFO
24 Aug 2020
EPFO updates 2.39 lakh Aadhaar, 5.26 lakh bank account in its subscribers UAN
The KYC updation is a one time Process. KYC helps in the identity verification of its subscribers through linking of the UAN with the KYC details. Once this exercise is completed and seeded KYC details validated, the EPFO subscriber becomes empowered to avail services of EPFO through digital mode.
EPFO
24 Aug 2020
Want to update EPFO KYC details online? Here is a step by step guide
The KYC updation is a one time Process. KYC helps in the identity verification of its subscribers through linking of the UAN with the KYC details. Once this exercise is completed and seeded KYC details validated, the EPFO subscriber becomes empowered to avail services of EPFO through digital mode.
Odisha
05 Oct 2018
Unable to withdraw EPF, Odisha man threatens to commit suicide
Santosh Jena is an employee with the General Electrical Department in Baripada of Mayurbhanj district in the state.
EPFO
09 Jun 2016
Learn how to file request of EPF transfer online
In order to avoid the existing EPF account (in his last company) from becoming out of action due to change of job, one must follow this procedure.
EPFO
27 Apr 2016
Finance Ministry defends lower interest rate on EPF, cites lack of funds
Employee unions have called a nationwide protest on April 29, against the Finance Ministry's move to fix EPF interest rate at 8.7 percent for 2015-16, lower than 8.8 percent sought by Employee Provident Fund Organisation (EPFO) and 8.75 paid for the previous fiscal.
EPF tax
08 Mar 2016
'EPF tax withdrawal big victory for 2.5 lakh people'
Jaitley had in his Budget 2016-17 proposed to tax withdrawal of 60 percent of accumulations in the Employee Provident Fund after April 1, 2016.
Congress
07 Mar 2016
Congress workers protest at Jantar Mantar against EPF taxation proposal
Congress workers on Monday staged protest at Jantar Mantar against the Central government's recent announcement to tax Employee Provident Fund (EPF).
Rahul Gandhi
05 Mar 2016
Congress to put pressure on Centre to remove tax on EPF: Rahul Gandhi
Congress vice-president Rahul Gandhi on Saturday said that his party will put pressure on Centre to take back their decision of taxing Employee Provident Fund (EFP).
EPF
01 Mar 2016
Online petition against EPF tax goes viral
An online petition against retirement tax has gone viral on social media with nearly 3,000 signups seeking urgent and immediate withdrawal of EPF Tax just a day after it was announced in the Budget.
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