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1 month ago

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

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 …

Aadhaar Employees Epfo Otp Uan Your Uan Epf Details

1 month 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 …

Aadhaar Bank Bank Accounts Account Epfo Dec Eli

1 month, 1 week ago

EPF Vs EPS: Which One Secures Your Financial Future Better?

ABP News

EPF Vs EPS: In a bid to secure the financial future of employees, India offers two major retirement schemes: the Employees' Provident Fund and the Employee Pension Scheme. Upon retirement, employees receive a lump sum, ensuring financial stability in their later years. While EPF ensures savings, EPS guarantees regular monthly income post-retirement to eligible employees. Key Differences Between EPF and …

Retirement Employees Epf Eps

1 month, 3 weeks ago

Retention Allowance Forms Part Of Basic Wages For EPF Contributions: Bombay HC

Live Law

Bombay High Court : A Single Judge Bench of Justice Anil L. Pansare held that retention allowances paid to seasonal workers must be included in basic wages for PF contributions under the EPF Act, 1952. The court dismissed Maharashtra State Cooperative Cotton Growers' Marketing Federation Ltd.'s petition challenging provident fund contribution demands on retention allowances paid from 1991-92 to 2008. …

Federation Court Wages Retention Cotton Act Basic

1 year, 6 months ago

Higher EPF Scheme | Extend deadline, simplify application process, employers tell EPFO

The Hindu

Higher EPF Scheme As the June 26 deadline to submit joint options to claim higher provident fund pensions nears, several employers and their representatives are learnt to have approached the Employees Provident Fund Organisation, seeking an extension, as well as a simplified process. Considering this, I am sure the EPFO will extend the date of joint submission,” he said, adding …

Supreme Court Pension Centre Higher Joint Option Joint Options

1 year, 6 months ago

Deadline for Higher EPS pension on June 26. Here's how to calculate the amount

Hindustan Times

Around 10 days remain for those who wish to participate in the Employees' Pension Scheme's Higher Pension Scheme, which permits eligible individuals to earn a higher pension amount depending on specified conditions. Calculation of Higher Pension for pre-September 2014 retirees: To determine the pension amount, the average monthly pay earned during the contributory period of service in the 12 months …

Pension Higher Eps Epf Higher Pension 60 Months

1 year, 9 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 …

Pension Employees Higher Epfo Eps Epf Higher Pension

1 year, 10 months ago

All you need to know about EPF higher pension scheme

Hindustan Times

The Employees Provident Fund Organisation has issued new guidelines under which subscribers and employers can jointly apply for a higher pension under the Employees' Pension Scheme. How to apply for a higher pension on the EPF portal: - Visit EPFO Unified Member portal - Select "Pension on higher salary: Exercise of joint option on or before May 3, 2023" - …

Pension Employees Higher Epfo Joint Eps Option

1 year, 10 months ago

Payment Of EPF Dues Under The IBC – Supreme Court Paves Way For Full Realization

Live Law

In Ghanshyam Mishra and Sons Pvt. Split Jurisprudence on Payment of EPF Dues Beginning from Tourism Finance Corp. of India Ltd. v. Rainbow Papers Ltd. 2019 SCC OnLine NCLAT 910, the three-members Principal bench of NCLAT had held that the provisions of the EPF Act and the Code are not in conflict. The same was reiterated in Regional Provident Commissioner …

Supreme Court Court Chennai Resolution Payment Provident Fund Tribunal

2 years, 4 months ago

Pension Is Deferred Salary, Right To Pension A Constitutional Right: Kerala High Court

Live Law

The Kerala High Court recently held that the right to pension is a constitutional right and that pensions cannot be paid to retired employees merely at the whims and fancies of the employers. Justice V.G Arun observed that pension is deferred salary and the right to the same is akin to the right to property under Article 300A of the …

Society Court Pension Regulations Employees Kerala High Court Right

2 years, 9 months ago

DC Edit | EPF: Better safe and steady

Deccan Chronicle

The rate of return from the social security fund of the Employees’ Provident Fund Organisation has nosedived to 8.1 per cent, the lowest since an eight per cent return in 1977-78. Debt market investments, while ideally steady, cannot offer much more than bank interest rates, which are, however, likely to rise marginally once RBI’s growth-oriented accommodative stance changes to deal …

Fund Equity Markets Equity Market Better Returns Market Investment

3 years, 1 month 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 …

Employees Number Account Epfo Accounts 2021 Circular

3 years, 3 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 …

Aadhaar Employees Pti Epfo Deadline Link Epf

3 years, 4 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 …

Income Tax Lakh Account Epfo Accounts Epf Pf Accounts

3 years, 4 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, …

Aadhaar Social Security Employees Fund Account Epfo Partner

3 years, 5 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 …

Aadhaar Social Security Employees Code Epfo Ecr Kasturirangan

3 years, 6 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 …

Benefits Aadhaar Social Security Code Epfo Ecr Epf

3 years, 6 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 …

Aadhaar Employees Epfo Link Ecr Epf Uan

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 …

Aadhaar Code Epfo Epf Account Uans Extended Filing Pf

3 years, 7 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 …

Aadhaar Number Account Epfo Employer Ecr Uan

3 years, 9 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 …

Tax Lakh Contributions Epf Epf Members Pf Account

3 years, 9 months ago

One year since COVID-19 lockdown: India still recovering from unemployment blow

The Hindu

India is still not out of the woods as far as unemployment is concerned after a year when the lockdown was imposed to contain the spread of deadly COVID-19 on March 25 last year as pandemic-induced job loss has not tapered off consistently. According to the Centre for Monitoring Indian Economy data, the unemployment rate was recorded at 6.9 % …

India Data Unemployment Employees Covid 2020 Lakh

4 years, 2 months ago

’Salaried taxpayers need a WFH income tax deduction for the FY 2020-21’

Live Mint

Coronavirus had made more people work from home than ever before. Nearly all salaried taxpayers have reported increase in their monthly expenses via higher utility bills; more bandwidth bought on broadband, higher electricity consumption etc. The easiest way to do this would be to consider around ₹20,000 worth of deduction for the FY 2020-21 towards work from home expenses for …

India Expenses Jobs Income Tax Work Allowed Salaried

4 years, 7 months ago

Employees' Provident Fund contribution can go higher than 10%, not of employers: Labour ministry

Firstpost

Last week, Finance minister Nirmala Sitharaman had announced the reduction of statutory provident fund contribution by both employers and employees for the next three months to 10 percent of basic wages from 12 percent. New Delhi: The labour ministry on Tuesday said employees can contribute more than the newly set limit of 10 percent of basic wages to their provident …

Wages Fund Basic Provident Epf 12 Percent 10 Percent

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Articles for Epf, search results for employers

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

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

EPF Vs EPS: Which One Secures Your Financial Future Better?

Retention Allowance Forms Part Of Basic Wages For EPF Contributions: Bombay HC

Higher EPF Scheme | Extend deadline, simplify application process, employers tell EPFO

Deadline for Higher EPS pension on June 26. Here's how to calculate the amount

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

All you need to know about EPF higher pension scheme

Payment Of EPF Dues Under The IBC – Supreme Court Paves Way For Full Realization

Pension Is Deferred Salary, Right To Pension A Constitutional Right: Kerala High Court

DC Edit | EPF: Better safe and steady

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

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

Split accounts to tax EPF income: Finance Ministry

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

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

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

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

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

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

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

One year since COVID-19 lockdown: India still recovering from unemployment blow

’Salaried taxpayers need a WFH income tax deduction for the FY 2020-21’

Employees' Provident Fund contribution can go higher than 10%, not of employers: Labour ministry