EPF

Social Security Agreement signed between India-Japan

Corporate Law - Foreign assignments involving mobility of international workers has always been entangled in the complexities of two legislations. To ease out the hindrances and protect the interest of cross border workers of India and Japan, India has signed social security agreement (SSA) with Japan w.e.f. Oct 1, 2016....

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Present Rates of Contribution under EPF, EPS and EDLI

Corporate Law - Article cover Rate of Contribution under Employee Pension Scheme (EPS), Employees' Provident Fund (EPF) and Employee Deposit Linked Insurance (EDLI) Scheme...

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All about Universal Account Number (UAN)

Corporate Law - •• Employees’ Provident Fund - •• All employees with wages upto Rs 15,000 required to join the Fund. •• Accumulations payable on retirement, resignation, death. •• Partial withdrawals permitted for financing life insurance policies; Acquiring house or site; Marriage of self or dependents; Education of children; Treatment...

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Govt Withdraw notification amending PF withdrawal Conditions

Corporate Law - Click here to join Online GST Certification Course Jointly by GST Professionals & Taxguru.in Government had issued a notification dated 10th February 2016 regarding rules for withdrawal from EPF Funds by the members. Under the revised rules, the employee was permitted to withdraw the employees’ share from the fund (which is 12% of t...

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FAQs on EPFO Grievance Redressal

Corporate Law - Click here to join Online GST Certification Course Jointly by GST Professionals & Taxguru.in What is the nature and source of grievances received in EPFO? Grievances generally arise out of: i)   Settlement of PF/Pension/Insurance Claims. ii)   Transfer of PF accounts. iii)    Non enrolment of employees. iv)  difficulty arising...

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EPFO to settle claims in 10 days & grievance in 15 days

Corporate Law - Click here to join Online GST Certification Course Jointly by GST Professionals & Taxguru.in Shri Bandaru Dattatreya launches EPFO’s Citizens’ Charter 2017 & e-court management system Citizens’ Charter 2017 to bring transparency and accountability on the part of EPFO The Minister of State for Labour & Employment(IC), Shr...

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5 steps taken by EPFO for speedy settlement of claims

Corporate Law - The Employees’ Provident Funds Organization (EPFO) has taken various steps for speedy settlement of claims which inter alia include: 1. Composite Claim Form (Aadhaar) and Composite Claim Form (Non-Aadhaar) has been introduced by replacing the erstwhile Claim Forms No. 19, 10C and 31, with a view to simplify the submission of claims by t...

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Employees’ Enrolment Campaign launched by EPFO

Corporate Law - An Employees’ Enrolment Campaign has been launched by Employees’ Provident Fund Organisation during the period 01.01.2017 to 31.03.2017, in order to extend social security benefits to all the eligible workers in the country. During the Campaign, various financial incentives are being offered to establishments to enroll their workers. ...

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Govt to enable Withdrawal upto 90% for Purchase of House from EPF

Corporate Law - Government to Amend EPF Scheme, 1952 to Enable EPF Members to Withdraw upto 90 Percent Fund for purchase of dwelling house/flat or construction of dwelling house/acquisition of site....

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Last date of Digital Life Certificate submission extended to 31.03.2017

Corporate Law - Last date of submission of Digital Life Certificate through Jeevan Pramaan Patra extended upto 31st March 2017. EPF & MP Act, 1952 made applicable to all staff employed in ECHS on contractual basis. A single page composite claim form in death cases replaces Form 20, form 5-IF and Form 10-D...

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Deduction u/s 43B for EPF / ESIC paid after due date

M.V.S Engineering Ltd Vs The CIT (Delhi High Court) - In this case high court held that payment of employees contribution under the Employees Provident Fund and Misc. Provision Act, 1952 and the Employees State Insurance Act, 1948 is allowable if paid before the due date of filing Income Tax Return or filing of Income Tax Return whichever is earlier e...

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Employees’ PF/ ESI Contribution allowable as a deduction u/s 36(1)(va) if paid by due date prescribed therein

ITO vs. LKP Securities Ltd (ITAT Mumbai) - The decisions by the apex court in the case of Vinay Cement Ltd. (supra) and Alom Extrusions Ltd. (supra) are admittedly with reference to section 43B and, further, qua the scope of the amendments thereto. The deductibility of the employee’s contribution is not regulated by section 43B....

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Dues of EPF, ESIC, etc., if deposited before due date of filing return, is allowable

Tara Jewels Export (P.) Ltd. Vs Assistant Commissioner of Income-tax, 8(3) (ITAT Mumbai) - After considering the rival submissions and perusing the relevant material on record it is observed that the due date for filing the return of income by the assessee under section 139(1) for the relevant year is 30.11.2006. The AO has drawn a chart at page-4 of the assessment order showing the dates...

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Apprentices are ‘regular employees’ for EPF coverage

A decision of the EPF Appellate Tribunal, North Delhi, that the term “employee” was defined in the Payment of Bonus Act as regular workers which included apprentices, was upheld by the Madurai Bench of the Madras High Court. Rejecting the contention...

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UOI & others vs. Ogale glass Works – Supreme Court -1971 AIR 2577

Union Of India & Anr. Vs. Ogale Glass Works (Supreme Court of India) - Hon’ble Supreme Court in the case of Union of India and others v Ogale glass Works 1971 AIR 2577 held that the award of industrial tribunal cannot stand in the way of enforcing the statutory provision cast on the Regional Provident Fund Commissioner under the Employees’ Provident Funds and Misc...

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Coverage of Beedi establishments & workers under EPF & MP Act, 1952

No. C-I/3(6)2017/Special drive Beedi Workers/4098 - (24/05/2017) - It is advised to identify the uncovered Beedi establishments as well as unenrolled employees, and ensure social security benefits to all the eligible and left out employees under the schemes of EPF & MP Act, 1952....

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All about EPFO Housing Scheme for PF members

No. WSU/39(1)2017/Housing Scheme/3988 - (19/05/2017) - EPFO Housing Scheme for PF members-Salient Feature- 1. To facilitate housing needs of EPF Members 2. Insertion of new provision- Para 68-BD in EPF Scheme, 1952 3. Applicable from 12th April 2017- Date of Notification...

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EPFO: Issue of Certificate of Coverage – reg.

No: IWU/7(54)2013/C.O.C. - (18/05/2017) - The Ministry of external affairs recently conducted stock taking meetings to review the working of some of the SSA's with the concerned countries. Many discrepancies have been pointed out in the issue of COCs which as are under...

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Central Warehousing Corporation Employees’ PF Amendment Regulations, 2017

No. CWC/FD-EPF-Regulation/Amendment/16-17 - (19/04/2017) - (1) These regulations may be called the Central Warehousing Corporation Employees’ Provident Fund Amendment Regulations, 2017. (2) They shall come into force on the date of their publication in the Official Gazette....

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In disputed matter evidence can be taken from video graphing: EPFO

H.O. NO. C-I-1(4)2017/Capital Dyeing/3274 - (11/05/2017) - EPF Department in order to avoid disputes relating to number of employees employed by the employer and if there is no co-operation from employer or its agent / manager / any person in such circumstance, department has to utilise recording of panchanama by video graphing and insisting for installatio...

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Recent Posts in "EPF"

Coverage of Beedi establishments & workers under EPF & MP Act, 1952

No. C-I/3(6)2017/Special drive Beedi Workers/4098 (24/05/2017)

It is advised to identify the uncovered Beedi establishments as well as unenrolled employees, and ensure social security benefits to all the eligible and left out employees under the schemes of EPF & MP Act, 1952....

Read More

All about EPFO Housing Scheme for PF members

No. WSU/39(1)2017/Housing Scheme/3988 (19/05/2017)

EPFO Housing Scheme for PF members-Salient Feature- 1. To facilitate housing needs of EPF Members 2. Insertion of new provision- Para 68-BD in EPF Scheme, 1952 3. Applicable from 12th April 2017- Date of Notification...

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EPFO: Issue of Certificate of Coverage – reg.

No: IWU/7(54)2013/C.O.C. (18/05/2017)

The Ministry of external affairs recently conducted stock taking meetings to review the working of some of the SSA's with the concerned countries. Many discrepancies have been pointed out in the issue of COCs which as are under...

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EPFO to settle claims in 10 days & grievance in 15 days

Click here to join Online GST Certification Course Jointly by GST Professionals & Taxguru.in Shri Bandaru Dattatreya launches EPFO’s Citizens’ Charter 2017 & e-court management system Citizens’ Charter 2017 to bring transparency and accountability on the part of EPFO The Minister of State for Labour & Employment(IC), Shr...

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Posted Under: Corporate Law |

Central Warehousing Corporation Employees’ PF Amendment Regulations, 2017

No. CWC/FD-EPF-Regulation/Amendment/16-17 (19/04/2017)

(1) These regulations may be called the Central Warehousing Corporation Employees’ Provident Fund Amendment Regulations, 2017. (2) They shall come into force on the date of their publication in the Official Gazette....

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In disputed matter evidence can be taken from video graphing: EPFO

H.O. NO. C-I-1(4)2017/Capital Dyeing/3274 (11/05/2017)

EPF Department in order to avoid disputes relating to number of employees employed by the employer and if there is no co-operation from employer or its agent / manager / any person in such circumstance, department has to utilise recording of panchanama by video graphing and insisting for installation of CCTV in and around factory premises...

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Interest rate on Staff Provident Fund in EPFO (01.04.2017 to 30.06.2017)

Circular No. HRD/3(2)2012/SPF/71 (09/05/2017)

Accumulations at the credit of subscribers to the Staff Provident Fund shall carry interest at the rate of 7.9% (Seven point nine per cent) w.e.f. 01.04.2017 to 30.06.2017....

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Employees’ Provident Funds (Sixth Amendment) Scheme, 2017

Notification No. G.S.R. 436(E) (04/05/2017)

The payment may be made to the person, to whom payment is to be made, through electronic or digital funds transfer system of any Scheduled commercial bank or any post office...

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Aadhaar not must for pension claim in North Eastern states till 30.09.2017

No: Pension- Pen-I/17(10)2016-17/Jeevan Pramaan/2609 (04/05/2017)

It has been decided that aadhaar may not be insisted for pension (10 D) claims for members working in establishments located in the North Eastern states till 30.09.2017....

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Empanelment of advocates with EPFO

LC-3(14)2010/EPFAT/VOL.V (03/05/2017)

EPFO has initiated the process of constitution of fresh panel of advocates to represent CBT, EPF before Hon'ble Supreme Court of India. High Court of Delhi and EPF Appellate Tribunal...

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