EPFO

EPFO Alert

EPFO big news! Salary limit will increase from 15 thousand to 21000, the government is considering

Good news for employees. A high-level committee has proposed to increase the salary limit under the Employees’ Provident Fund Organization (EPFO). The committee has said that the salary limit should be increased from the existing Rs 15,000 to Rs 21,000 per month. The committee says that the government is considering it and it can be …

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These Eight Rules Changing From April Will Have Direct Impact On Your Pocket

These Eight Rules Changing From April Will Have Direct Impact On Your Pocket

Tax on PF account From April 1, the existing PF account can be divided into two parts, which will also be taxed. According to the rules, there will be no tax on contribution up to Rs 2.5 lakh in PF account. Interest earned on contributions above this will be taxed. GST e-Invoicing The Central Board …

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Biggest Change To Happen in PF From 1st April

Biggest Change To Happen in PF From 1st April

The biggest changes that are going to happen from April 1, 2022, the most important is the tax on PF account. Actually, the Central Board of Direct Taxes (CBDT) has decided to implement the Income-tax (25th Amendment) Rule 2021. That is, a cap of tax free contribution up to Rs 2.5 lakh is being imposed …

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EPFO: Account Holders Should Do This Important Work By March 31

EPFO: Account Holders Should Do This Important Work By March 31

Big news for EPFO ​​account holders. Actually, the Employees’ Provident Fund Organization has made the e-nomination process mandatory for its account holders. That is, from now on without e-nomination you cannot check the balance of your PF account. Along with this, if you do not complete this process, you will not be able to get other benefits related …

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Want To Change Nomination in EPF/ EPF Account? Follow This Easy Way

Want To Change Nomination in EPF/ EPF Account? Follow This Easy Way

EPFO tweeted, ‘If an EPF member wants to change the existing EPF or EPS nomination, then he can file a new nomination. The new EPF or EPS enrollment will supersede the previous enrollment. How to Change PF Enrollment To file e-nomination for PF account, EPF members need to visit http://www.epfindia.gov.in. There visit the ‘Services’ section …

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Minimum Pension Of Rs 1000 is Not Enough For EPFO ​​Subscribers: Parliament's Committee

Pension Of Rs 1000 is Not Enough For EPFO ​​Subscribers: Parliament’s Committee

A pension of Rs 1,000 is not enough for the subscribers of Employees’ Provident Fund Organization (EPFO). It needs to be increased. A committee of Parliament on Tuesday said that giving Rs 1,000 as minimum monthly pension to subscribers under EPFO’s pension scheme is too low. In such a situation, it is necessary that the …

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EPFO Reduces Interest Rates On Deposits

EPFO Reduces Interest Rates On Deposits

The two-day meeting of the Central Board of Trustees (CBT) of Employees’ Provident Fund Organization (EPFO) began in Guwahati on Friday. A major decision has been taken on Saturday after a thorough deliberation in the meeting. The interest rate on deposits in EPF has been changed and it has been reduced from 8.5 to 8.1 …

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EPFO: Know When TDS is Applicable On EPF Withdrawal

EPFO: Know When TDS is Applicable On EPF Withdrawal

When an employee reaches the age of 58 years, his EPF account matures. If an employee remains unemployed for 60 consecutive days, then his EPF account amount is paid in full to the employee and that amount is tax-free. However, if the employee withdraws the amount before maturity while in service, then Tax Deduction at …

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EPFO: More Than 6.5 Crore People Are Waiting For This Benefit From EPFO

EPFO: More Than 6.5 Crore People Are Waiting For This Benefit From EPFO

Private and government employees are going to get gifts before Holi next month. The Board of Employees’ Provident Fund Organization’s (EPFO’s) CBT Board has a meeting on March 12 in Guwahati. In the meeting, the interest rates for the current financial year of EPFO ​​are to be discussed. The Central Board of Trustees (CBT) will …

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Want To Update Mobile Number Or Email in EPF Account? Follow These Steps

Want To Update Mobile Number Or Email in EPF Account? Follow These Steps

Correct and updated mobile number in EPF helps in services like nomination and COVID-19 claim. At the same time, other important work will also be done in less time. Actually for this OTP is sent to the registered mobile number. Similarly, it will be easy to contact EPFO ​​with a correct email ID. Follow these …

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Employer Will Compensate For The Loss Due To Delay in EPF Contribution: Supreme Court

Employer Will Compensate For The Loss Due To Delay in EPF Contribution: Supreme Court

The employer will have to compensate the loss for delay in contribution to the Employees’ Provident Fund (EPF). The Supreme Court has given this arrangement on Wednesday. According to the news of PTI, a bench of Justice Ajay Rastogi and Justice Abhay S Oka said that the Employees’ Provident Fund and Miscellaneous Provisions Act provides …

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EPF Contribution Rate 2020-2021

The Employee’s Provident Fund was launched by the Ministry of Labour & Employment in 1952. The ministry has been actively managing and implementing this fund since the time for the promotion of savings among the working professionals in the country. The idea behind implementing this scheme was to provide the employees with social security and …

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EPFO Alert

EPFO Alert: Do Not Share These Documents. Know Details Here

Employees’ Provident Fund Organization (EPFO) has again alerted its members. It has said that members should not share EPFO ​​details or OTP on social media. EPFO members be careful otherwise money can be withdrawn from their account. At the same time, for any kind of enquiry, its members can login to the official website epfindia.gov.in. …

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Corporate Compliance Calendar for January, 2021

Corporate Compliance Calendar for January, 2022

This article contains various Compliance requirements for the Month of January, 2022 under various Statutory Laws. Compliance means “adhering to rules and regulations. ”Compliance is a continuous process of following laws, policies, and regulations, rules to meet all the necessary governance requirements without any failure. If you think compliance is expensive, try non‐ compliance” Compliance …

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Quick Steps to submit EPS nomination digitally

EPFO members should file e-nomination for EPS to provide Social Security to their families. The scheme is provided by the Employees’ Provident Fund Organisation (EPFO) and ensures that employees receive a pension once they attain the age of 58 years old. Latest Update: EPFOin a tweet has said that the account holders will be able …

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Alert: Money is Disappearing From EPF Accounts. Check Your Balance Regularly

Alert: Money is Disappearing From EPF Accounts. Check Your Balance Regularly

EPF Account scam: The incident of missing Provident Fund capital of employees saving their life’s capital for retirement after working for 30-32 years can shock you. But in the last few months, the incidents of money disappearing from the Provident Fund in different parts of the country are surprising. In Kandivali, Mumbai, EPFO ​​employees took …

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Is Your DOB Wrong in EPF Records? Now Update Sitting At Home!

Is Your DOB Wrong in EPF Records? Now Update Sitting At Home!

One small mistake and your hard earned money can get stuck. This is often the case with EPF. Due to non-updation of KYC in the year 2021, there were problems in transferring interest money to more than 60 lakh EPF accounts. In any such situation, you will not be able to withdraw EPF money. Therefore, …

Is Your DOB Wrong in EPF Records? Now Update Sitting At Home! Read More »

Mandatory activation of Multi-Factor Authentication

EPFO Issue Important Circular for Mandatory activation of Multi-Factor Authentication

Sub:- Mandatory activation of Multi-Factor Authentication-Req. Sir/Madarn, It is informed that, with immediate effect, installation of 2 Factor Authentication (2FA) has been made mandatory by NIC for using the email id on “@epfindia.gov.in” domain. All users availing the email services from NIC (i.e. @epfindia.gov.in) need to use 2 Factor Authentication (2FA) to access their email …

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STEP BY STEP PROCESS TO FILE ECR

EPFO || STEP BY STEP PROCESS TO FILE ECR

Point 1: Login to EPFO portal using your ECR portal credentials: Once logged in, you can check the details of Establishment Name,Establishment ID, Exemption Status (PF, Pension, EDLI), Establishment Address and PF office. Point 2: To upload ECR, go to Payments tab >> ECR [UPLOAD] Point 3: On next screen, i.e. ECR File Upload, click on ‘ECR Help File’ to …

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Online EPF Transfer Process from EPFO member portal

EPFO- If you are a member of Employees’ Provident Fund Organization (EPFO), then you are going to Benefit Today

There is going to be great news for the employed people in this one or two days. PF account holders can get 8.5 percent interest money this week. If you are a member of Employees’ Provident Fund Organization (EPFO), then you are going to benefit. For the fiscal year 2020-21, 8.5 percent interest has been …

EPFO- If you are a member of Employees’ Provident Fund Organization (EPFO), then you are going to Benefit Today Read More »

Modi government gave big relief to the employed people, now PF money will not be deducted from your salary till March 2022

In this era of Corona crisis, the Modi government at the Center will pay the PF money deducted from his salary till March 31, 2022, next year. Finance Minister Nirmala Sitharaman on Monday extended its deadline under the Self-Reliant India Employment Scheme (ABY Scheme) from 30 June 2021 to 31 March 2022. In order to …

Modi government gave big relief to the employed people, now PF money will not be deducted from your salary till March 2022 Read More »

Union Finance Minister-cd78a149

Stimulus package of Rs 6,28,993 crore announced by Union Minister for Finance Smt. Nirmala Sitharaman

A  1.1 Lakh Cr Loan Guarantee Scheme for COVID Affected Sectors Health Sector: Rs. 50,000 crore Aimed at scaling medical infrastructure targeting underserved areas. Guarantee cover for expansion and new projects related to health/medical infrastructure in cities other than 8 metropolitan cities. The Guarantee coverage is 50% for expansion & 75% for new projects and …

Stimulus package of Rs 6,28,993 crore announced by Union Minister for Finance Smt. Nirmala Sitharaman Read More »

PF UAN

Know the Easy Way to Find Out UAN (Universal Account Number)

Know the easy way to find out UAN number. Know your Provident Fund Account UAN Number (go https://www.epfindia.gov.in/site_en/index.php ) Select our service by visiting the EPF portal. Then click on “For Employees”. After that select Member UAN/Online Service (OCS/OTCP). After that click on Know your UAN Status ( In ‘Inmoportant LInks’ Section). Now enter member …

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EPFO Alert! Important rules of PF will change from September 1

EPFO added around 12.76 lakh net subscribers during April, 2021

The provisional payroll data of EPFO published on 20th June, 2021 highlights that EPFO has added around 12.76 lakh net subscribers during April, 2021. Despite the second wave of COVID-19 pandemic, April 2021 registered an increase of 13.73% net subscribers addition as compared to the previous month during which around 11.22 lakh net subscribers were …

EPFO added around 12.76 lakh net subscribers during April, 2021 Read More »

Online EPF Transfer Process from EPFO member portal

EPFO changed this important rule, update the account as soon as possible. Know Process

Important news for EPFO ​​subscribers. The organization has changed a rule, which can be difficult for the employed. Actually, the organization has made it necessary to link the Universal Account Number (UAN) of the PF account with the Aadhaar card. For this, EPFO ​​has made changes in section 142 of the Social Security Code 2020. …

EPFO changed this important rule, update the account as soon as possible. Know Process Read More »

Rules notified for calculation of taxable interest in PF account

Withdrawing Money from EPF Account is now Paperless. Thanks to Umang App!

The official twitter handle of Digital India has tweeted that withdrawing money from EPF account is now paperless, thanks to Umang App for the same. Digital India also tweeted that: 6.5+ crore employees of private sector now- Check PF balance and pass book Raise claim Find EPFO office address Apply for Jeevan Pramaan Certificate Apply …

Withdrawing Money from EPF Account is now Paperless. Thanks to Umang App! Read More »

EPFO

EPFO members can now avail second non-refundable COVID-19 advance

As per PIB press release, EPFO has now allowed its members to avail second non-refundable COVID-19 advance. The provision for special withdrawal to meet the financial need of members during pandemic was introduced in March 2020, under Pradhan Mantri Garib Kalyan Yojana (PMGKY). An amendment to this effect was made by the Ministry of Labour …

EPFO members can now avail second non-refundable COVID-19 advance Read More »

ministry of labour and employment

Major social security relief to dependents of workers passing away due to COVID-19 announced

The Ministry of Labour and Employment has announced additional benefits for workers through ESIC and EPFO schemes to address the fear and anxiety of workers about well-being of their family members due to the increase in incidences of death due to COVID -19 pandemic.  Currently for the Insured Persons (IPs) under ESIC, after death or …

Major social security relief to dependents of workers passing away due to COVID-19 announced Read More »