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Articles for Pf Contributions

Claims Submitted After Resolution Plan Approval Including Related Moratorium Period Not Allowed Under IBC: NCLT Bengaluru
4 months, 3 weeks ago

Claims Submitted After Resolution Plan Approval Including Related Moratorium Period Not Allowed Under IBC: NCLT Bengaluru

Live Law  

The National Company Law Tribunal Bengaluru bench of K. Biswal and Manoj Kumar Dubey has held that claims submitted after the approval of the Resolution Plan, including those related to the moratorium period, are not allowed under the Insolvency and Bankruptcy Code. The NCLT noted that the RP's letter highlighted that some employees did not have Unique Identification Numbers due …

Resolution Employees Claims Held Period Plan Nclt
Data | The contours of India’s ‘formal jobs’ crisis
1 year, 4 months ago

Data | The contours of India’s ‘formal jobs’ crisis

The Hindu  

Since 2017, the Indian government has been using the Employees Provident Fund scheme’s data as a measure of payroll employment and formal job creation in the country. If we move past the basic scheme enrolment numbers, the EPF data, in fact, provide important insights into what’s happening to formal employment in the country. Unlike the EPF monthly enrolment data, which …

Employment Data Jobs Indian Country Job Creation Million
Despite EPFO Nudge, Byju’s Delays PF Payments For Most Employees: Report
1 year, 4 months ago

Despite EPFO Nudge, Byju’s Delays PF Payments For Most Employees: Report

ABP News  

Despite a nudge from the Employee Provident Fund Organisation last month over irregularity in PF contributions, Indian edtech start-up Byju’s has not paid provident fund to a majority of its employees for June, according to a report by Moneycontrol. The report said that Byju’s has made PF contributions towards 738 employees for June so far, compared to 25,000 employees in …

Payments Employees Epfo Byju Pf Contributions Pf Payments Report Despite
Byju’s Courts Trouble With EPFO Over Delay in PF Payments
1 year, 5 months ago

Byju’s Courts Trouble With EPFO Over Delay in PF Payments

News 18  

Byju’s has delayed provident fund payments of employees for almost all months starting October last year, in what is a violation of the PF Act, opening itself up to action from the Employee Provident Fund Organisation. Byju’s, which is India’s most-valued startup, has been making PF contributions with a lag of almost three to four months, according to data sourced …

Payments Company Delay Act Epfo Employer Contributions
Explained | A breakdown of the higher pension scheme
1 year, 9 months ago

Explained | A breakdown of the higher pension scheme

The Hindu  

The story so far: The long wait of subscribers of the Employees’ Provident Fund Organisation and those who retired after September 1, 2014, to apply for higher PF pension under the Employees’ Pension Scheme of 1995 came to an end on February 27 with the Organisation providing a web link on its members’ page. Even though employers, in many instances, …

Salary Court Pension Employees Fund Scheme Higher
PF Contributions, Take Home Salary, Work Hours: What Will Change Under Govt's New Labour Laws?
2 years, 8 months ago

PF Contributions, Take Home Salary, Work Hours: What Will Change Under Govt's New Labour Laws?

News 18  

The Union ministry of labour and employment may implement the new labour codes July 1 this year, according to a report. The central government has been working on designing the four new labour codes, under which there will be significant changes in terms of an employee’s salary, his or her PF contributions and work hours. The central government is likely …

Salary Work Work Hours Codes Pf Contributions Labour Code Home Salary
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 …

Employees Provident Fund Fund Employee Cent Lakh Epfo
For affluent, EPF is not nest egg but goose that lays golden eggs
3 years, 10 months ago

For affluent, EPF is not nest egg but goose that lays golden eggs

The Hindu  

Over 1.23 lakh high net worth individuals deposited over ₹62,500 crore into their employees’ provident fund accounts in 2018-19 alone, and the largest EPF account has a staggering ₹103 crore balance, sources in the Department of Revenue said on Thursday, defending the Budget move to tax the income on employees’ PF contributions over ₹2.5 lakh a year. “Since any tax …

Tax Crore Lakh Accounts Pf Contributions Epf
‘Interest on PF contributions of over ₹2.5 lakh must in I-T filing’
3 years, 10 months ago

‘Interest on PF contributions of over ₹2.5 lakh must in I-T filing’

The Hindu  

Employees making contributions of more than ₹2.5 lakh a year into their Provident Fund accounts, will have to include the interest attributable to the investments exceeding ₹2.5 lakh in their annual income starting 2021-22 and file tax returns accordingly, Central Board of Direct Taxes chief PC Mody told The Hindu. The Union Budget has proposed tax on interest income on …

Tax Interest Pf Contributions Mody