EPF

EPF Act 1952 vis-á-vis Income Tax Act – Tax Treatment of PF Dues

Income Tax - Employer’s contribution and Employees’ contribution in India are governed by EPF Act, 1952. The employees’ contributions are obtained by employer @12% and along with equal contribution are deposited with the PF trust or PF commissioner at the designated bank account by the latter....

Read More

Reduction in rate of EPF Administrative charges from .65% to .50% w.e.f 1st June, 2018

Income Tax - Ministry of Labour and Employment reduce in the rate of EPF Administrative charges from .65% to .50% which is effect from 1st June, 2018. As per EPFO: “The total collection of administrative charges in 2017-18 is estimated at Rs 3,760 crore. A decrease of administrative charges by 0.15% would lead to reduction in collection of […...

Read More

Impact of Recent Changes vide Budget 2018 in EPF Act, 1952

Income Tax - IMPACT ANALYSIS OF RECENT CHANGES ENACTED THROUGHT BUDGET 2018 IN THE EMPLOYEE PROVIDENT FUND ACT, 1952...

Read More

Know PF Balance Through Missed Call AND SMS Alert

Income Tax - UAN Activated Members Can Know PF Balance Through Missed Call AND SMS Alert Members registered on the UAN portal may get their details available with EPFO by giving a missed call at 011-22901406 from their registered mobile number.  If the UAN of the member is seeded with any one of the Bank A/c number, AADHAAR […]...

Read More

Proposed Change in EPF Admin Charges, threshold limit and EPF Interest Rate

Income Tax - EPFO registration now required at a threshold limit of 10 employees instead of 20 employees...

Read More

75% Advance to PF Members after leaving employment for one month proposed

Income Tax - Central Board of Trustees, EPF, approved the proposal for insertion of Paragraph 68HH in EPF Scheme, 1952 provisioning Advance from the fund to a member who ceases to be in employment for a continuous period not less than one month. Under this proposal a member can avail 75% of the total fund (including employee as well as employer share)...

Read More

Pensioner’s Portal at EPFO website

Income Tax - EPFO has launched the pensioner’s portal https://mis.epfindia.gov.in/PensionPaymentEnquiry. The pensioner’s portal is recently launched service, available at EPFO website by which all EPFO pensioners may get the details of pension related information like Pension payment order number, Pensioner’s Payment Order details, Pensioner’...

Read More

New Facilities for UAN- Aadhar Linking Introduces By EPFO

Income Tax - Employees’ Provident Fund Organisation (EPFO) has introduced UAN-Aadhaar linking facility for the convenience of members using EPFO Link in UMANG Mobile App. This is in addition to the existing web facility already available at EPFO’s website www.epfindia.gov.in >> Online Services >> e-KYC Portal>> LINK UAN AADHAAR....

Read More

EPFO lays down provisions to help Pensioners in submitting Jeevan Parmaan with ease

Income Tax - As per the provisions laid down, pensioners under Employees’ Pension Scheme, 1995 are required to submit Life Certificate annually in the month of November each year. From 2016 facility has been provided for submission of Jeevan Parmaan digitally as authentication for proof of identity of the individual pensioners. In order to obviate t...

Read More

PFRDA rolls out Aadhaar based APY Subscription through eNPS platform

Income Tax - PFRDA rolls-out Aadhar Powered Digital on Boarding into APY through eNPS platform for wider reach; Benefits of APY@eNPS include paperless registration; No need to visit Bank Branch & to have Banking Id and 24*7 Online En-rollment at the customer’s convenience. Pension Fund Regulatory and Development Authority (PFRDA) has embarke...

Read More

Belated deposit of employees contribution to PF / ESIC is not allowable

Kalyan Silks Trichur (P) Ltd. Vs. Joint Commissioner Of Income Tax (Kerala High Court) - The solitary common issue that arose in these appeals was with regard to the legality of dis-allowance of deduction made towards belated deposit of employees contribution of Provident Fund/Employees State Insurance. A reading of the order passed by the Tribunal shows that the first appellate authori...

Read More

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...

Read More

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....

Read More

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...

Read More

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...

Read More

EPFO to officers: Implement SC decision on Payment of Pension on Higher Wages

HO No. ACC/HQ/Pension/Distribution of work/2896 - (08/06/2018) - It has also come to notice that some offices have not complied the instructions of Head Office based on the Hon'ble Supreme Court order dated 04.10.2016 as referred above on revision of the pension on higher wages despite applications received in this regard, by taking the plea that reference has be...

Read More

Wrongly seeded aadhaar number – EPFO Introduces new functionality

No. NDC/23(1)2018/Pension/Aadhaar/3048 - (05/06/2018) - Various mails have been received from field offices reporting the rejection of DLCs due to incorrect Aadhaar number seeded against PPOs through DLC registration of the pensioners. After examining the issue, a new functionality Rectify Mismatch Aadhaar number has been provided in the application soft...

Read More

Trade/Sale/Purchase of Securities by Trusts of EPF Exempted Establishments – Reg.

No. C-Ex/Ex - Return/ 2013/Vol. II/3990 - (25/05/2018) - It is clarified that the Trust of exempted establishment are required to obtain the prior permission of Regional P.F. Commissioner for selling of securities if and only if the Trusts have to utilize the amount obtain4 through sale of securities for meeting the obligatory expenses arising out of any ...

Read More

EPFO declares interest Rate on EPF for the year 2017-18

No.Invest.I/CBT Agenda/ROI/2017-18/4153 - (25/05/2018) - The Ministry of Labour and Employment, Government of India, has conveyed the approval of the Central Government under Para 60(1) of Employees’ Provident Funds Scheme, 1952 to credit interest @ 8.55% for the year 2017-18 to the account of each member of the EPF Scheme as per the provisions under...

Read More

Admin charges payable by employer on EPF amended WEF 01.06.2018

Notification No. S.O. 2011(E) - (21/03/2018) - Government reduces normal administrative expenses payable by the employer with effect from 1st June, 2018 at 0.50 per cent of the pay subject to a minimum sum of seventy-five rupees per month for every non-functional establishment having no contributory member and five hundred rupees per month per e...

Read More

EPF’s Popular Posts

Recent Posts in "EPF"

EPF Act 1952 vis-á-vis Income Tax Act – Tax Treatment of PF Dues

Employer’s contribution and Employees’ contribution in India are governed by EPF Act, 1952. The employees’ contributions are obtained by employer @12% and along with equal contribution are deposited with the PF trust or PF commissioner at the designated bank account by the latter....

Read More

75% Advance to PF Members after leaving employment for one month proposed

Central Board of Trustees, EPF, approved the proposal for insertion of Paragraph 68HH in EPF Scheme, 1952 provisioning Advance from the fund to a member who ceases to be in employment for a continuous period not less than one month. Under this proposal a member can avail 75% of the total fund (including employee as well as employer share)...

Read More
Posted Under: Corporate Law |

Reduction in rate of EPF Administrative charges from .65% to .50% w.e.f 1st June, 2018

Ministry of Labour and Employment reduce in the rate of EPF Administrative charges from .65% to .50% which is effect from 1st June, 2018. As per EPFO: “The total collection of administrative charges in 2017-18 is estimated at Rs 3,760 crore. A decrease of administrative charges by 0.15% would lead to reduction in collection of […...

Read More
Posted Under: Corporate Law |

EPFO to officers: Implement SC decision on Payment of Pension on Higher Wages

HO No. ACC/HQ/Pension/Distribution of work/2896 (08/06/2018)

It has also come to notice that some offices have not complied the instructions of Head Office based on the Hon'ble Supreme Court order dated 04.10.2016 as referred above on revision of the pension on higher wages despite applications received in this regard, by taking the plea that reference has been made by those offices to Head Office ...

Read More

Wrongly seeded aadhaar number – EPFO Introduces new functionality

No. NDC/23(1)2018/Pension/Aadhaar/3048 (05/06/2018)

Various mails have been received from field offices reporting the rejection of DLCs due to incorrect Aadhaar number seeded against PPOs through DLC registration of the pensioners. After examining the issue, a new functionality Rectify Mismatch Aadhaar number has been provided in the application software. The scenario of the case is explai...

Read More

Trade/Sale/Purchase of Securities by Trusts of EPF Exempted Establishments – Reg.

No. C-Ex/Ex - Return/ 2013/Vol. II/3990 (25/05/2018)

It is clarified that the Trust of exempted establishment are required to obtain the prior permission of Regional P.F. Commissioner for selling of securities if and only if the Trusts have to utilize the amount obtain4 through sale of securities for meeting the obligatory expenses arising out of any of the reasons mentioned in condition no...

Read More

EPFO declares interest Rate on EPF for the year 2017-18

No.Invest.I/CBT Agenda/ROI/2017-18/4153 (25/05/2018)

The Ministry of Labour and Employment, Government of India, has conveyed the approval of the Central Government under Para 60(1) of Employees’ Provident Funds Scheme, 1952 to credit interest @ 8.55% for the year 2017-18 to the account of each member of the EPF Scheme as per the provisions under Para 60 of EPF Scheme, 1952....

Read More

Admin charges payable by employer on EPF amended WEF 01.06.2018

Notification No. S.O. 2011(E) (21/03/2018)

Government reduces normal administrative expenses payable by the employer with effect from 1st June, 2018 at 0.50 per cent of the pay subject to a minimum sum of seventy-five rupees per month for every non-functional establishment having no contributory member and five hundred rupees per month per establishment for other establishments. ...

Read More

Timelines for settlement of Medical claims of Pensioner CGHS beneficiaries

No: 115025138/2018 /DIR/CGHS (14/05/2018)

It has now been decided to review the timelines prescribed for processing and settlement of medical claims of pensioner CGHS beneficiaries in compliance of the directions of Hon'ble Supreme Court of India in their Judgement in the WP(Civil) No 694 of 2015 between Shiva Kant Jha Vs UOI delivered on 13th April 2018 and in supersession of th...

Read More

Eligibility of Permanently Disabled Unmarried Son of a CGHS Beneficiary

No. 4-24/96-C&P/CGHS (P)/EHS (07/05/2018)

An unmarried son of a CGHS beneficiary suffering from any permanent disability of any kind (physical or mental) will be entitled to CGHS facility even after attaining the age of 25 years....

Read More
Page 1 of 2912345...1020...Last »

Browse All Categories

CA, CS, CMA (3,782)
Company Law (3,950)
Custom Duty (6,992)
DGFT (3,707)
Excise Duty (4,146)
Fema / RBI (3,494)
Finance (3,686)
Income Tax (27,624)
SEBI (2,919)
Service Tax (3,378)

Search Posts by Date

August 2018
M T W T F S S
« Jul    
 12345
6789101112
13141516171819
20212223242526
2728293031