PF Rule Change: No EPF Money From Next Month if You do not Follow this new Rule
3 years, 4 months ago

PF Rule Change: No EPF Money From Next Month if You do not Follow this new Rule

News 18  

The Employees Provident Fund subscribers have to link their Aadhaar card with the Provident Fund accounts before September 1. Employees’ Provident Fund Organization has made it mandatory to link Aadhaar Card with PF UAN to get PF contributions from the employers and other benefits. Although the Code has not been implemented as yet, Section 142 of the Code has been notified by the ministry of labour and employment on June 3, which mandates that the Aadhaar number has to be provided by employees and unorganised sector workers who are seeking registration, benefits or expect to receive any payment under various schemes,” said Amrita Tonk, partner, L&L Partners. “The EPFO has issued a notification whereby it is now the responsibility of the employer to ensure that their employees link their provident fund account to their Aadhar number,” she further added.

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History of this topic

EPFO extends deadline for UAN activation, linking bank account to Aadhaar for ELI scheme benefits to Jan 15
1 day, 9 hours ago

EPFO extends deadline for UAN activation, linking bank account to Aadhaar for ELI scheme benefits to Jan 15

Live Mint  

The Employees Provident Fund Organisation has extended the deadline for UAN activation and seeding of bank accounts to Aadhaar to avail the benefits under the ELI scheme to January 15. Seeding of bank account with Aadhaar A bank account needs to be linked to Aadhaar so that whenever money is disbursed by the EPFO, it is directly transferred to the …

EPFO Provident Fund withdrawals through ATMs: How does it work and what should you expect?
1 week, 6 days ago

EPFO Provident Fund withdrawals through ATMs: How does it work and what should you expect?

India TV News  

From 2025, Employees Provident Fund Organization customers will be able to withdraw their Provident Fund directly from ATMs, eliminating lengthy deposit procedures. This move is part of a larger effort to modernise India’s social security services: Enhanced convenience: Subscribers will no longer need to navigate tedious claim-filing procedures or wait for fund disbursal. Expanded social security coverage: Over 7 crore …

PF withdrawals via ATMs likely from 2025. How will it work?
1 week, 6 days ago

PF withdrawals via ATMs likely from 2025. How will it work?

India Today  

Starting January 2025, Employees’ Provident Fund Organisation subscribers may be able to withdraw their provident fund savings directly from ATMs. Labour Secretary Sumita Dawra told news agency ANI that the Labour and Employment Ministry is upgrading its IT systems to streamline PF withdrawals and improve service delivery. The government also reaffirmed its commitment to improving social security, including extending benefits …

Assigned two UANs? Here's how you can rectify it
2 weeks, 2 days ago

Assigned two UANs? Here's how you can rectify it

India Today  

When employees switch jobs, they often apply for a new Universal Account Number to access their Employees' Provident Fund services online. As per Employees Provident Fund Organisation guidelines, a member is not allowed to hold more than one UAN. — EPFO November 27, 2024 Further, to resolve the issue of multiple UANs, employees should consolidate their previous employment details with …

EPFO extends deadline for UAN activation and linking bank a/c to Aadhaar for ELI scheme benefits to Dec 15
2 weeks, 5 days ago

EPFO extends deadline for UAN activation and linking bank a/c to Aadhaar for ELI scheme benefits to Dec 15

Live Mint  

EPFO has extended the deadline for UAN activation and seeding bank accounts with Aadhaar for availing the benefits under ELI scheme till Dec 15. In the latest circular dated December 4, Employees Provident Fund Organisation has issued directions to all employers that the earlier circular stands modified. Extension of timeline "The competent authority has granted an extension of timeline from …

These EPFO subscribers exempted from Aadhaar seeding for claim settlement | Details
3 weeks, 3 days ago

These EPFO subscribers exempted from Aadhaar seeding for claim settlement | Details

Hindustan Times  

Certain employees do not need to seed Aadhaar to settle their physical claims, the Employees' Provident Fund Organisation has announced. FILE Photo: Employees provident fund organisation head office, EPFO office. For the settlement of claims, EPFO subscribers are required to seed their UAN to Aadhaar. In the absence of Aadhaar, alternative documents such as passports should be used to verify …

EPFO clarifies Aadhaar requirements: Exemptions for certain employees in claim settlements. Details here
Trending News
3 weeks, 3 days ago

EPFO clarifies Aadhaar requirements: Exemptions for certain employees in claim settlements. Details here

Live Mint  

The Employees provident Fund Organisation has announced that certain classes of employees do not need to seed Aadhaar for the settlement of their physical claims. Typically, EPFO subscribers should seed their UAN to Aadhaar for settling claims; some exceptions have recently been incorporated via a circular dated November 29, 2024. These categories of workers include the following: 1. International workers …

Planning to switch your job? EPFO has an important message for you
3 weeks, 4 days ago

Planning to switch your job? EPFO has an important message for you

Live Mint  

If you are in the process of changing your job then the Employees Provident Fund Organisation has an important message for you. Another pertinent thing that the EPFO has been propagating is that the last date for employers for aadhaar-based UAN activation of its employees is Nov 30. "It is important to activate your UAN to enjoy the services of …

EPFO Alert: Employees must activate UAN, link Aadhaar with bank accounts to access ELI scheme benefits – How to do it
4 weeks ago

EPFO Alert: Employees must activate UAN, link Aadhaar with bank accounts to access ELI scheme benefits – How to do it

Live Mint  

The Ministry of Labour & Employment has instructed the retirement fund body Employees' Provident Fund Organisation to ensure that employees' Universal Account Number is valid to benefit from the Employment Linked Incentive Scheme. According to the Union Budget 2024–2025, all eligible employees must activate their UAN and link their Aadhaar with their bank accounts to participate in the ELI Scheme. …

EPFO Raises PF Withdrawal Limit: New Rule Allows Higher Payout for Personal Needs
3 months ago

EPFO Raises PF Withdrawal Limit: New Rule Allows Higher Payout for Personal Needs

News 18  

The Employees’ Provident Fund Organisation has raised the one-time withdrawal limit for provident fund accounts to Rs 1 lakh, doubling the previous limit of Rs 50,000. The EPFO manages the provident fund, pension, and insurance schemes for the organised sector employees in India, primarily through the Employees’ Provident Fund scheme. Mandaviya also announced another key update: the government has relaxed …

EPF Update: Govt Approves 8.15% Interest Rate for Fiscal 2023-24; Details Here
1 year, 5 months ago

EPF Update: Govt Approves 8.15% Interest Rate for Fiscal 2023-24; Details Here

News 18  

The central government has approved to credit interest at 8.15 per cent to the Employees’ Provident Fund scheme for 2023-24. The EPFO’s Central Board of Trustees on March 28 set an 8.15 per cent interest rate on provident fund for this fiscal. According to an Employees’ Provident Fund Organisation office order issued on Monday, July 24, the labour ministry has …

PAN-Aadhaar Linking, Higher EPFO Pension Deadlines To End In June; Check Details
1 year, 6 months ago

PAN-Aadhaar Linking, Higher EPFO Pension Deadlines To End In June; Check Details

News 18  

PAN-Aadhaar linking and higher EPFO pension deadlines were extended in order to give citizens more time to complete the procedures. And, the higher EPFO pension facility is for those who want a higher pension after retirement. “Where a person, whose permanent account number has become inoperative…, is required to furnish, intimate or quote his permanent account number under the Act, …

Minister clears the air over clause restricting persons opting for higher PF pension
1 year, 8 months ago

Minister clears the air over clause restricting persons opting for higher PF pension

The Hindu  

Union Labour Minister Bhupender Yadav on Thursday clarified that employees and pensioners covered under the Employees’ Pension Scheme of 1995, “are not restricted from filing application forms/ joint options,” in the absence of the requirement of permission under paragraph 26 of the Employees’ Provident Fund Scheme, 1952. Replying to a set of questions raised by John Brittas, Communist Party of …

EPFO: Four ways to check EPF balances, including one without UAN number
1 year, 9 months ago

EPFO: Four ways to check EPF balances, including one without UAN number

India TV News  

One of India's best social security systems for workers in many industries is the Employees' Provident Fund Organization. EPF balance checks can be done both online and offline in a number of ways: Missed call People who have registered on the UAN website can retrieve their EPFO account details by dialling 9966044425 on their registered cellphone for a missed call. …

EPFO portal offers link to opt for higher pension
1 year, 11 months ago

EPFO portal offers link to opt for higher pension

The Hindu  

Implementing the recent Supreme Court order on higher provident fund pensions, the Employees’ Provident Fund Organisation has made a provision in the member’s portal so that retired workers can opt for higher pension. The EPFO has started taking registration requests from employees for application form for validation of joint options with the employers. They should have also exercised joint option …

Employee Provident Fund (EPF): What are the new tax rules you need to know?
1 year, 11 months ago

Employee Provident Fund (EPF): What are the new tax rules you need to know?

Live Mint  

Employee Provident Fund Organization, one of the largest social security organisations in the world, is in charge of managing the welfare programme known as Employee Provident Fund. EPF was earlier under the Exempt taxation framework, i.e., EPF was tax-free at: Investment stage: When a contribution was made, one could claim a deduction under section 80C against the employee’s contribution upto …

The fineprint on the new tax on Employees’ Provident Fund income
2 years, 8 months ago

The fineprint on the new tax on Employees’ Provident Fund income

The Hindu  

The story so far: In the Union Budget of 2021-22, Finance Minister Nirmala Sitharaman introduced a new provision to tax income on provident fund contributions from employees beyond ₹2.5 lakh a year. While the tax provision also covers government employees, the contribution limit for tax-free income for them and any other PF accounts where employers do not contribute was set …

PF Update: Provident Fund Contributions to Be Taxed Soon? Know What the Govt Says
2 years, 8 months ago

PF Update: Provident Fund Contributions to Be Taxed Soon? Know What the Govt Says

News 18  

The central government has laid out a plan to impose taxes on Employees Provident Fund contributions above Rs 2.50 lakh in a year. On the contrary, if a government employee contributes Rs 6 lakh to provident fund, Rs 1 lakh is going to be taxed under the rule. With this new amendment, the government wants to curb high income earners …

How to withdraw money from your Employees’ Provident Fund online?
2 years, 10 months ago

How to withdraw money from your Employees’ Provident Fund online?

Live Mint  

In India, a fixed amount of money, 12%, is deducted from an employee’s salary every month and deposited in an EPF account along with a matched contribution by the employer. This is a retirement savings scheme, for corporate employees, mandated by the government known as the Employees’ Provident Fund. The first step is logging on to EPFO’s e-sewa portal using …

PF New Rule: EPF Benefits to Stop from Next Month if you do not Complete this By December-end
3 years ago

PF New Rule: EPF Benefits to Stop from Next Month if you do not Complete this By December-end

News 18  

Employees Provident Fund Update: All account holders of the Employees Provident Fund will have to make changes in their accounts by December 31, as a new rule will be implemented from next month. The Employees Provident Fund Organisation has in a notification said that employees will need to add a nominee to their EPF accounts by December 31 this year. …

EPF Money to Stop if you Don't Link it With Aadhaar by Today: How to Link Aadhaar with UAN
3 years ago

EPF Money to Stop if you Don't Link it With Aadhaar by Today: How to Link Aadhaar with UAN

News 18  

Aadhaar-UAN Linking Deadline: If you are an employee at the corporate sector and have an account with the Employees Provident Fund Organisation from where you are to get your PF, you must link your account with your Aadhaar. You can link your Aadhaar and UAN using the three options namely — a) Via UMANG App, b) via biometric credentials on …

EPF Contributions Will Stop from Next Month if you do not Update this Document. Know Details
3 years ago

EPF Contributions Will Stop from Next Month if you do not Update this Document. Know Details

News 18  

The Employees Provident Fund or EPF is an indispensable part of any corporate employee’s work life, and there are several things one would like to know about the scheme. In case if the employee’s EPF account is not Aadhaar verified, it may mean that employer’s contribution shall not be credited into employees’ account,” said Raunak Singh, partner, Avitr Legal. “On …

Customers can now subscribe to Atal Pension Yojana via Aadhaar eKYC: PFRDA
3 years, 1 month ago

Customers can now subscribe to Atal Pension Yojana via Aadhaar eKYC: PFRDA

The Hindu  

To expand its subscriber base and simplify the on-boarding process further, pension fund regulator PFRDA has now allowed Aadhaar eKYC as an additional option to add customers under its flagship pension scheme Atal Pension Yojana. "Now in order to further increase the outreach and simplify the process of subscription, CRA would be providing digital on-boarding based through Aadhaar eKYC as …

PF-Aadhaar Link: Haven't Linked Aadhaar with EPF Account? Don't Worry, You'll Get Money
3 years, 2 months ago

PF-Aadhaar Link: Haven't Linked Aadhaar with EPF Account? Don't Worry, You'll Get Money

News 18  

The Delhi High Court on Friday extended the deadline for citizens to link their Aadhaar number with the Universal Account Number. The court, which was dealing with a petition by the Association of Industries and Institutions, said that the Employees’ Provident Fund Organisation would appoint a Grievance Redressal Officer. On the other hand, for those employees that have already submitted …

Linking Of Employees' UAN With Aadhar: Delhi High Court Extends Deadline For Establishments & Industries Till November 30
3 years, 3 months ago

Linking Of Employees' UAN With Aadhar: Delhi High Court Extends Deadline For Establishments & Industries Till November 30

Live Law  

The Delhi High Court has, vide an interim order, extended the deadline for Aadhar-UAN linkage of employees working in establishments and industries, till November 30, 2021. In a petition filed by the Association of Industries & Institutions challenging the said order, Justice Pratibha M. Singh has passed the following interim directions: Insofar as the employees qua whom Aadhaar numbers have …

Aadhaar-PF Linking Extended till December 31 for These People. Know New PF Rule
3 years, 3 months ago

Aadhaar-PF Linking Extended till December 31 for These People. Know New PF Rule

News 18  

The Employees’ Provident Fund Organisation had announced that the deadline to link the Aadhaar card to the universal account number was extended. The tweet from the EPFO’s official Twitter handle read as follows: Deadline for Aadhaar linking of UAN extended till 31.12.2021 for Establishments in NORTH EAST and certain class of establishments. “…Considering the challenges faced by the employers and …

Split accounts to tax EPF income: Finance Ministry
3 years, 3 months ago

Split accounts to tax EPF income: Finance Ministry

The Hindu  

The government has decided to split existing Provident Fund accounts into two separate accounts in order to operationalise the new tax on PF income arising out of employee contributions exceeding ₹2.5 lakh a year. Accordingly, all EPF accounts will have to be bifurcated into a taxable and non-taxable contribution account, with the latter including their closing account balance as on …

PF-Aadhaar Linking a Must this Month to Get EPF Benefits: Step-by-Step Process to Link
3 years, 3 months ago

PF-Aadhaar Linking a Must this Month to Get EPF Benefits: Step-by-Step Process to Link

News 18  

The government of India had issued a mandate outlining the end of August as the last day to link one’s Aadhaar card to the Universal Account Number. Employees will have uninterrupted access to the PF benefits under the current legal framework as well as when the Social Security Code comes into force.” Link Aadhaar to UAN Using EPFO’s Member Sewa …

PF Account Rules To Change From September: Link These Docs To Ensure Money Is Credited To Your EPF Account
3 years, 3 months ago

PF Account Rules To Change From September: Link These Docs To Ensure Money Is Credited To Your EPF Account

ABP News  

New Delhi: Your employer will only be able to credit money in your Provident Fund account from next month onwards if your UAN is linked to your Aadhaar card. Hence, it is mandatory to link your Aadhaar card with the provident fund account to get various benefits of the retirement fund. How to link EPF account with Aadhaar: Step 1: …

PF Rule Change from Next Month: You Won't Get EPF Money if These Documents Are Not Linked
3 years, 3 months ago

PF Rule Change from Next Month: You Won't Get EPF Money if These Documents Are Not Linked

News 18  

Starting from next month, your employer will only be able to credit money in your provident fund account if your UAN is linked to your Aadhaar card. Due to non-linking of Aadhaar and UAN, the employers would not be able to deposit the employee’s and employer’s contribution in the fund,” said Subodh Sadana, Partner, AnantLaw. ” Explaining the new rule, …

PF-Aadhaar Linking Must by this Month to Get EPF Benefits: Step-by-Step Process to Link
3 years, 4 months ago

PF-Aadhaar Linking Must by this Month to Get EPF Benefits: Step-by-Step Process to Link

News 18  

The government issued a mandate in which a deadline of August 31 as the EPFO deadline for linking your Universal Account Number to your Aadhaar card. Link Aadhaar to UAN Using EPFO’s Member Sewa Portal Step 1: Visit the official website for the Member Sewa Portal and log in. Step 2: Click on the ‘Link UAN Aadhaar’ option that appears …

Want to create a UAN number online? Here's a quick guide
3 years, 4 months ago

Want to create a UAN number online? Here's a quick guide

India Today  

Universal Account Number is a unique identification number provided to the members of the Employees' Provident Fund Organisation. Since all the important services are now operated online, UAN allows a Provident Fund account holder to access their services, such as withdrawal, checking EPF balance without depending on the employer and it has also made the process of obtaining the PF …

Link your EPFO-Aadhaar before September 1; know how to do it online
3 years, 4 months ago

Link your EPFO-Aadhaar before September 1; know how to do it online

India Today  

Employees’ Provident Funds Ordinance is one of the World's largest Social Security Organisations in terms of clientele and the volume of financial transactions undertaken. And EPFO has earlier issued a notification saying that its subscribers must link their Aadhaar card with their Provident Fund accounts by September 1, 2021 to continue receiving funds into their accounts. EPFO released a statement …

PF Withdrawal: 5 Mistakes to Avoid While Taking Out Money from EPF Account
3 years, 5 months ago

PF Withdrawal: 5 Mistakes to Avoid While Taking Out Money from EPF Account

News 18  

The recession caused due to the pandemic is hitting the working class hard in India. In principle, an employee’s accrued or a portion of the money in an EPF account may be withdrawn in the case of retirement or resignation. However, if you want to claim your PF, avoid these 5 mistakes: UAN Seed Bank Account: The UAN should be …

Provident Fund New Rule: EPFO Alert! Subscribers won't receive PF money if they fail to follow THIS rule
3 years, 5 months ago

Provident Fund New Rule: EPFO Alert! Subscribers won't receive PF money if they fail to follow THIS rule

India TV News  

EPFO Alert: Government or private sector employees, who are Employees Provident Fund subscribers, there is an important update for you. Employees Provident Fund subscribers will have time till September to link their Aadhaar card with the Provident Fund accounts. As per report, the Employees’ Provident Fund Organization has made it mandatory for its subscribers to link Aadhaar Card with PF …

PF Rule Changes Soon: You Won't Get EPF Money if you Fail to Follow This Rule
3 years, 5 months ago

PF Rule Changes Soon: You Won't Get EPF Money if you Fail to Follow This Rule

News 18  

Now, Employees Provident Fund subscribers will have time till September to link their Aadhaar card with the Provident Fund accounts. Employees’ Provident Fund Organization has made it mandatory to link Aadhaar Card with PF UAN to get PF contributions from the employers and other benefits. Although the Code has not been implemented as yet, Section 142 of the Code has …

Aadhaar-EPF Linking Mandatory for PF Withdrawals, Benefits: How to Do it Online
3 years, 5 months ago

Aadhaar-EPF Linking Mandatory for PF Withdrawals, Benefits: How to Do it Online

News 18  

Employees’ Provident Fund Organization has made it mandatory to link Aadhaar Card with PF UAN to get PF contributions from the employers and other benefits. Now, the Employees Provident Fund subscribers have time till August 30 to link their Aadhaar card with the Provident Fund accounts. Here’s how you can link your Aadhaar Card with your PF account 1) Visit …

EPFO Deadline: Filing PF Return With Aadhaar Seeded UANs Extended Till September 1
3 years, 6 months ago

EPFO Deadline: Filing PF Return With Aadhaar Seeded UANs Extended Till September 1

ABP News  

In a move offering relief to lakhs of formal sector workers, the Employee Provident Fund Organisation on Tuesday extended the mandatory seeding of Aadhaar details with employees’ records for monthly statutory EPF payment. Earlier, EPFO directed the employers that Electronic Challan cum Return is allowed for only those EPFO members whose Aadhaar account is seeded. It meant that if an …

PF, Aadhaar Linking Mandatory to Get EPF Money from June. How to Do it Online
3 years, 6 months ago

PF, Aadhaar Linking Mandatory to Get EPF Money from June. How to Do it Online

News 18  

Starting from June, it is mandatory to link Aadhaar card with the Provident Fund to get various benefits of retirement fund. “Employers will not be able to remit the PF contributions where the Aadhaar is not linked to the UAN effective 1 June 2021,” said Saraswathi Kasturirangan, Partner, Deloitte India. Here’s how you can link your Aadhaar Card with your …

PF Account New Rule: Seeding Of Aadhaar Must Or You Won't Get PF Money From This Month
3 years, 6 months ago

PF Account New Rule: Seeding Of Aadhaar Must Or You Won't Get PF Money From This Month

ABP News  

New Delhi: Here’s an important piece of news for Provident Fund account holders. It means that if an EPF account is not linked to the account holder's Aadhaar number, then the employer's contribution won't get credited to such an EPF account. The EPFO directed the employers to get the UAN of all EPF account holders Aadhaar verified. Here is how …

PF New Rule: Link EPF with Aadhaar or You will not Get PF Money from this Month
3 years, 6 months ago

PF New Rule: Link EPF with Aadhaar or You will not Get PF Money from this Month

News 18  

To get the employer’s contribution in Provident Fund account, it is now mandatory to link Aadhaar card with the UAN. The recent change in section 142 of the Code of Social Security 2020 has made it mandatory to link Aadhaar card with the Employees Provident Fund account. “Failure to link the UAN with the Aadhar would result in the employer’s …

An unequal providence: The Hindu Editorial on why the modified PF savings cap discriminates against non-government employees
3 years, 8 months ago

An unequal providence: The Hindu Editorial on why the modified PF savings cap discriminates against non-government employees

The Hindu  

Finance Minister Nirmala Sitharaman has steered through Parliament the Finance Bill of 2021, which includes 127 amendments. Responding to MPs’ concerns on the tax, she said that nearly 93% PF account holders will be covered by the ₹2.5 lakh per year limit, while a mere 1% were abusing the system. Yet, she introduced an amendment doubling the threshold for annual …

PF tax ceiling will be applicable to GPF as well: CBDT chairman
3 years, 10 months ago

PF tax ceiling will be applicable to GPF as well: CBDT chairman

Hindustan Times  

The Budget provision that makes interest on employee contributions exceeding ₹2.5 lakh a year to the Employees’ Provident Fund taxable will also be applicable to all government employees covered by the General Provident Fund, Central Board of Direct Taxes chairman Pramod Chandra Mody said. According to the Central Board of Direct Taxes chairman, the new provision, which will be applicable …

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