EPFO

An Overview of Employee Provident Fund – Withdrawal

Corporate Law - CS Lily Bali We all know that provident fund is a welfare scheme for employees and where both employer and employee contribute their  part but it’s a liability of employer to deposit whole part. Employer deducted the employee share from the salary of the employee. PERCENTAGE OF CONTRIBUTION:  Both employee and employer are required to...

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EPFO and ESIC-An Overview & Registration

Corporate Law - THE EMPLOYEES’ PROVIDENT FUNDS AND MISCELLANEOUS PROVISIONS ACT, 1952 An Act to Provide for the institution of provident funds, Pension Fund and deposit- linked insurance fund for employees in factories and other establishments. Section 1(3) of the act defines the Eligibility criteria for EPF registration: 1. Establishment which is ...

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Revised EPF Contribution Rate for May, June and July, 2020

Corporate Law - Employee Provident Fund (EPF) refers to the scheme which provides monetary benefits to the salaried class people upon retirement. It is governed by the Employees’ Provident Funds and Miscellaneous Provisions Act, 1952 (EPF & MP Act 1952). The Act extends to the whole of India except the State of Jammu and Kashmir. It is applicab...

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Clarification on EPF Deductions under Covid-19 Relief

Corporate Law - Clarification on Employees Provident Fund Deductions (EPF) Under Covid-19 Relief On 13th May 2020, Government of India announced relief under Employees Provident Fund Act for all eligible establishments stressed due to Covid-19. The relief announced was as under, 1. **For all those employees and establishment who are NOT covered under Pra...

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7 FAQ’s on EPF ECR Filing & Payment of Contributions

Corporate Law - Employees' Provident Fund Organization, India Ministry of Labour & Employment, Government of India has issued 'Frequently Asked Questions: ECR Filing And Payment Of Contributions' dated 03rd May, 2020. ...

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EPFO’s clarification on misleading article published in newspaper

Corporate Law - EPFO) stated that an article was published in a section of media on 18.11.2020 under the caption EPFO subscribers, firms down in Oct. In this regard, EPFO has categorically clarified that the information contained in the article is incorrect and unsubstantiated....

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EPFO facilitates multiple options for submission of Digital Life Certificate by EPS pensioners

Corporate Law - All pensioners of Employees’ Pension Scheme 1995 (EPS’95) are required to submit Jeevan Pramaan Patra (JPP) / Digital Life certificate (DLC) each year to continue drawing pension. In the current scenario of COVID-19 pandemic, the Employees’ Provident Fund Organization (EPFO) has facilitated multiple options for EPS pensioners to sub...

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Atmanirbhar Bharat Rojgar Yojana Subsidy Support for EPFO registered Companies

Corporate Law - The Finance Minister on Thursday 12/11/2020 announced the Atmanirbhar Bharat Rojgar Yojana to incentivise job creation during Covid-19 recovery phase. This is eligible for EPFO (EPF) registered companies hiring new workers at monthly wages (Wages as per Supreme Court rule) less than Rs.15000/- per month. The scheme is as under, 1. Central...

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Whatsapp helpline Number of Registered EPFO Offices Across India

Corporate Law - The Employees’ Provident Fund Organisation (EPFO), is an organisation tasked to assist the Central Board of Trustees. Employees’ Provident Fund is a statutory body established by the Employees’ Provident Fund and Miscellaneous Provisions Act, 1952 and is under the administrative control of the Ministry of Labour and Empl...

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Launch of virtual hearing in quasi-judicial cases under EPF & MP Act, 1952

Corporate Law - Launch of virtual hearing in quasi-judicial cases under EPF & MP Act, 1952 has now heralded an era of providing expeditious and affordable adjudication....

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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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‘EPFO cannot claim damages for delayed payment’

The Madras High Court bench here has ruled that the Employees Provident Fund Organisation (EPFO) cannot claim damages from employers for delayed payment of their contribution "if there is no intention to commit a prohibited act or actus reus" (action...

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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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EPFO: Attachment of bank accounts for enforcing appearance

File No: LC 4(42) 2020/ E- 26035/794 - (14/09/2020) - Instances have been noticed in which the officers conducting inquiries u/s 7A have issued orders to attach/freeze bank accounts of the establishments/ personal accounts of the employers for alleged non-appearance in such inquiries. Such practices have attracted a lot of adverse observations from Con...

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Implications of AI on the Indian Economy

No.13/07/2020-2021/PDNASS/Misc./ - (26/08/2020) - NASSCOM, a not-for-profit industry association, is the apex body for the 180 billion dollar IT BPM industry in India, an industry that had made a phenomenal contribution to India's GDP, exports, employment, infrastructure and global visibility. In India, this industry provides the highest employment...

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EPFO to Settle of death claims on priority basis in events of industrial accidents etc

No: EDLI/3(39)SOM/2020/246 - (17/07/2020) - It is directed that in the events of any incidents of industrial accidents resulting in death of employees of a covered establishment, the concerned RPFC (in-charge of RO) is required to take immediate initiative to settle death claims of the concerned members....

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7.1% Interest on PF deposit WEF 01.07.2020 to 30.09.2020

F. No. 5(2)-B(PD)/2020 - (13/07/2020) - It is announced for general information that during the year 2020-2021, accumulations at the credit of subscribers to the General Provident Fund and other similar funds shall carry interest at the rate of 7.1% (Seven point one percent) w.e.f. 1st July, 2020 to 30th September, 2020. This rate will be...

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Lower EPF rates applicable on salary for May, June & July 2020

Notification No. S.O. 1513(E) - (18/05/2020) - Lower rate of EPF subscription 10% with EPFO notified placing higher liquidity in the hands of employees and employers during COVID -19 pandemic. Government Sector, their PSEs and establishment whose subscription is being borne by Union Government under PMGKY continue to have subscription at old rat...

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EPFO’s Popular Posts

Recent Posts in "EPFO"

EPFO’s clarification on misleading article published in newspaper

EPFO) stated that an article was published in a section of media on 18.11.2020 under the caption EPFO subscribers, firms down in Oct. In this regard, EPFO has categorically clarified that the information contained in the article is incorrect and unsubstantiated....

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Posted Under: Corporate Law |

EPFO facilitates multiple options for submission of Digital Life Certificate by EPS pensioners

All pensioners of Employees’ Pension Scheme 1995 (EPS’95) are required to submit Jeevan Pramaan Patra (JPP) / Digital Life certificate (DLC) each year to continue drawing pension. In the current scenario of COVID-19 pandemic, the Employees’ Provident Fund Organization (EPFO) has facilitated multiple options for EPS pensioners to sub...

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Posted Under: Corporate Law |

Atmanirbhar Bharat Rojgar Yojana Subsidy Support for EPFO registered Companies

The Finance Minister on Thursday 12/11/2020 announced the Atmanirbhar Bharat Rojgar Yojana to incentivise job creation during Covid-19 recovery phase. This is eligible for EPFO (EPF) registered companies hiring new workers at monthly wages (Wages as per Supreme Court rule) less than Rs.15000/- per month. The scheme is as under, 1. Central...

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Posted Under: Corporate Law |

Whatsapp helpline Number of Registered EPFO Offices Across India

The Employees’ Provident Fund Organisation (EPFO), is an organisation tasked to assist the Central Board of Trustees. Employees’ Provident Fund is a statutory body established by the Employees’ Provident Fund and Miscellaneous Provisions Act, 1952 and is under the administrative control of the Ministry of Labour and Empl...

Read More
Posted Under: Corporate Law |

Launch of virtual hearing in quasi-judicial cases under EPF & MP Act, 1952

Launch of virtual hearing in quasi-judicial cases under EPF & MP Act, 1952 has now heralded an era of providing expeditious and affordable adjudication....

Read More
Posted Under: Corporate Law |

EPFO: Attachment of bank accounts for enforcing appearance

File No: LC 4(42) 2020/ E- 26035/794 (14/09/2020)

Instances have been noticed in which the officers conducting inquiries u/s 7A have issued orders to attach/freeze bank accounts of the establishments/ personal accounts of the employers for alleged non-appearance in such inquiries. Such practices have attracted a lot of adverse observations from Constitutional Courts and other quarters....

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Virtual Hearings for Section 7A proceedings under EPF Act

Shri Gangwar launched virtual hearing facility in quasi-judicial cases under EPF & MP Act, 1952 through Video conferencing. Amendment approved in Employees’ Deposit Linked Insurance Scheme, to enhance maximum assurance benefit to Rs. 7 lakh from the present benefit of Rs. 6 lakh...

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Posted Under: Corporate Law |

Implications of AI on the Indian Economy

No.13/07/2020-2021/PDNASS/Misc./ (26/08/2020)

NASSCOM, a not-for-profit industry association, is the apex body for the 180 billion dollar IT BPM industry in India, an industry that had made a phenomenal contribution to India's GDP, exports, employment, infrastructure and global visibility. In India, this industry provides the highest employment in the private sector....

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More than 8 lakh net subscribers added during first quarter of FY 21: EPFO payroll data

The provisional payroll data published by EPFO on 20th August 2020 reveals that the subscriber base of EPFO increased by around 8.47 lakh members during the first quarter of FY21. The COVID-19 pandemic outbreak had adversely affected the enrolments in the month of April and May 2020....

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Posted Under: Corporate Law |

CBI arrests two EPFO officials in a bribery case of Rs. 8 lakh

CBI has arrested an Accounts Officer and an Enforcement officer, both working in EPFO, Noida (Uttar Pradesh) for demanding & accepting bribe of Rs.Eight Lakh from the complainant....

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Posted Under: Corporate Law |

An Overview of Employee Provident Fund – Withdrawal

CS Lily Bali We all know that provident fund is a welfare scheme for employees and where both employer and employee contribute their  part but it’s a liability of employer to deposit whole part. Employer deducted the employee share from the salary of the employee. PERCENTAGE OF CONTRIBUTION:  Both employee and employer are required to...

Read More
Posted Under: Corporate Law |

EPFO and ESIC-An Overview & Registration

THE EMPLOYEES’ PROVIDENT FUNDS AND MISCELLANEOUS PROVISIONS ACT, 1952 An Act to Provide for the institution of provident funds, Pension Fund and deposit- linked insurance fund for employees in factories and other establishments. Section 1(3) of the act defines the Eligibility criteria for EPF registration: 1. Establishment which is ...

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Posted Under: Corporate Law |

EPFO to Settle of death claims on priority basis in events of industrial accidents etc

No: EDLI/3(39)SOM/2020/246 (17/07/2020)

It is directed that in the events of any incidents of industrial accidents resulting in death of employees of a covered establishment, the concerned RPFC (in-charge of RO) is required to take immediate initiative to settle death claims of the concerned members....

Read More

7.1% Interest on PF deposit WEF 01.07.2020 to 30.09.2020

F. No. 5(2)-B(PD)/2020 (13/07/2020)

It is announced for general information that during the year 2020-2021, accumulations at the credit of subscribers to the General Provident Fund and other similar funds shall carry interest at the rate of 7.1% (Seven point one percent) w.e.f. 1st July, 2020 to 30th September, 2020. This rate will be in force w.e.f. 1st July, 2020. The fun...

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EPFO updates KYC for 52.62 lakh subscribers since 1st April, 2020

To extend the availability and reach of online services, which have become crucial in the wake of the COVID-19 pandemic, EPFO updated Know your Customer (KYC) data for its 52.62 lakh subscribers in the month of April and May 2020....

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Posted Under: Corporate Law |

Recent amendment of Employee Provident Fund

What is Employee Provident Fund and the latest amendment. Employees’ Provident Fund or EPF is a popular savings scheme that has been introduced by the EPFO under the supervision of the Government of India. This is focused mainly on the salaried class of India to inbuilt their habit of saving money to build a substantial retirement co...

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Posted Under: Corporate Law |

COVID-19 Specific Process to Claim Your PF Advance

1. Login to Member Interface of Unified Portal http://unifiedportal-mem.epfindia.gov.in 2. Go to online services and Click on Claim (Form-31,19,10C & 10D) Tab 3. Enter your Bank account number and Verify. 4. Click on ‘Proceed for Online Claim’ 5. Select PF Advance (Form 31) Form the Drop Down Menu 6. Select Purpose as R...

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Posted Under: Corporate Law |

Revised EPF Contribution Rate for May, June and July, 2020

Employee Provident Fund (EPF) refers to the scheme which provides monetary benefits to the salaried class people upon retirement. It is governed by the Employees’ Provident Funds and Miscellaneous Provisions Act, 1952 (EPF & MP Act 1952). The Act extends to the whole of India except the State of Jammu and Kashmir. It is applicab...

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Posted Under: Corporate Law |

Clarification on EPF Deductions under Covid-19 Relief

Clarification on Employees Provident Fund Deductions (EPF) Under Covid-19 Relief On 13th May 2020, Government of India announced relief under Employees Provident Fund Act for all eligible establishments stressed due to Covid-19. The relief announced was as under, 1. **For all those employees and establishment who are NOT covered under Pra...

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Posted Under: Corporate Law |

Reduction in statutory rate of EPF contribution from 12% to 10% – FAQs

FREQUENTLY ASKED QUESTIONS Reduction in statutory rate of EPF contribution from 12% to 10% Q 1. What is revised rate of EPF contribution announced by the Central Govt. under Atmanirbhar Bharat package? Ans. Under this package the statutory rate of EPF contribution of both employer and employee has been reduced to 10 percent of basic [&hel...

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Posted Under: Corporate Law |

Support & reduction in EPF contribution for businesses & workers by GOI

Support and reduction in Employee’s Provident Fund (EPF) contribution for businesses and workers by the GOI The wage-earners earning below Rs.15000/- per month in businesses having less than 100 workers are being supported by the Government of India (GOI) by way of Pradhan Mantri Garib Kalyan Package (PMGKP). On 26th March 2020, FM ...

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Posted Under: Corporate Law |

Lower EPF rates applicable on salary for May, June & July 2020

Notification No. S.O. 1513(E) (18/05/2020)

Lower rate of EPF subscription 10% with EPFO notified placing higher liquidity in the hands of employees and employers during COVID -19 pandemic. Government Sector, their PSEs and establishment whose subscription is being borne by Union Government under PMGKY continue to have subscription at old rates of 12%. Lower rates to be applicable ...

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No penalty for delayed deposit of EPF dues during lockdown

No. C-1/Misc./2020-21/Vol.I/112 (15/05/2020)

Considering the difficulty faced by the establishments in timely deposit of contributions or administrative charges due for any period during lockdown, the EPFO has decided that such delays due to operational or economic reasons shall not be treated as default and penal damages should not be levied for such delay....

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PF Transfer Claims for Employees- FAQs

Q.1: How do I know if I require a PF transfer? Ans. If the member has more than one PF member IDs (MIDs) and the PF amount of these MIDs has not been transferred into the latest MID, member is required to get his PF transferred into his current MID. Q.2: What are the types […]...

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Posted Under: Corporate Law |

Employer’s DSC /e-Sign in Lockdown Period on EPFO portal- FAQs

Q.1: Why is it necessary to have DSC/e-Sign? Ans. Many important tasks like KYC attestation, transfer claim attestation etc are done online by the authorized persons of employer using their digital signatures or Aadhaar based e-Sign on EPFO portal. This ensures seamless online service to members. Q.2: What role does EPFO plays in use of [...

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Posted Under: Corporate Law |

Email mechanism to obtain e-Sign for easing Process of EPF Compliance

EPFO introduces email mechanism to obtain e-Sign for easing the Process of EPF Compliance by Employers during Lockdown Period as employers were finding difficult to use digital or Aadhaar based e-Sign...

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Posted Under: Corporate Law |

7 FAQ’s on EPF ECR Filing & Payment of Contributions

Employees' Provident Fund Organization, India Ministry of Labour & Employment, Government of India has issued 'Frequently Asked Questions: ECR Filing And Payment Of Contributions' dated 03rd May, 2020. ...

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Posted Under: Corporate Law |

Steps to Withdraw Advance Provident Fund Claim (Only for Covid-19 Pandemic Period)

Due to the lock down amidst Covid-19 Coronavirus Pandemic, Government of India has allowed the employees covered under the Employees Provident Fund Act to withdraw their Provident Fund accumulations as advance withdrawals. The employees in service to withdraw 75% of accumulated balance or 3 months of salary (Basic +DA) or the claim amount...

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Posted Under: Corporate Law |

Steps to approve employees provident fund member KYC by employer

It is the responsibility of every employers of establishments covered under the Employees Provident Fund Act to ensure updation of KYC details by the employees covered under the Employees Provident Fund Act. Every employee covered under the Employees Provident Fund Act has to update their personal KYC details from their respective Provide...

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Posted Under: Corporate Law |

EPFO makes filing of ECR easier for business

In the current scenario of lockdown announced by the Govt. to control the spread of COVID-19 pandemic and other disruptions, the businesses and enterprises are not able to function normally and are facing liquidity / cash crunch to pay their statutory dues even though they are retaining the employees on their rolls....

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Posted Under: Corporate Law |

20 FAQ’s on EPF Advance to Fight Covid-19 Pandemic

Employees’ Provident Fund Organization, India, Ministry of Labour & Employment, Government of India has issued FREQUENTLY ASKED QUESTIONS ON EPF ADVANCE TO FIGHT COVID-19 PANDEMIC Dated 26/04/2020. FAQ’s ON EPF ADVANCE TO FIGHT COVID-19 PANDEMIC Q1: What is the process for change in name on marriage of a woman member against UAN w...

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Posted Under: Corporate Law |

ECR filing due date extended to 15.05.2020 due to COVID-19

Notification No.C-I/Misc./2019-20/Vol.II/Part./9 and Press Release ID: 1614747 (15/04/2020)

It is Clarified that the employers who seeks  to avail the Relief, need to file ECR for wage month March , 2020, on or before 15.05.2020, duly certifying the disbursement of wage to employees by declaring actual date of disbursement of wages for march 2020....

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42 FAQ’s on UAN And KYC issued by EPFO

Employees’ Provident Fund Organization, India, Ministry of Labour & Employment, Government of India has issued FREQUENTLY ASKED QUESTIONS on UAN AND KYC Dated 13/04/2020.  Q 1. What is Universal Account Number (UAN)? Ans. UAN is 12-digit number provided to each member of EPFO. The UAN acts as an umbrella for the multiple Member...

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Posted Under: Corporate Law |

Format of Certificate/ Declaration Of Employer to Avail ESIC & EPF Relief Scheme Due to COVID 19

The Govt. of India on 26.03.2020 relief package under Pradhan Mantri Garib Kalyan Yojana (PMGKY) and the Central Govt. proposes to pay 24 % of the monthly wages into EPF accounts for next three months of Wage-earners below Rupees 15,000/- per month, who are employed in establishments having up to one hundred employees, with 90% […]...

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Posted Under: Corporate Law |

ESIC & EPF Relief Scheme guidelines 2020 due to COVID19

Pradhan Mantri Garib Kalyan Yojana : A Scheme to implement the PMGKY package for credit of employee’s & employer’s share of EPF & EPS contributions (24% of wages) for three months by Govt. of India. Overview: The Govt. of India on 26.03.2020 relief package under Pradhan Mantri Garib Kalyan Yojana (PMGKY) and the Central Govt. ...

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Posted Under: Corporate Law |

All about Govt. Relief For EPF & EPS contributions (24% of wages)

A. Press Release The Central Govt. has launched the Pradhan Mantri Garib Kalyan Yojana (PMGKY) on 26.03.2020 to help poor fight the battle against Corona Virus The Central Govt. has launched the Pradhan Mantri Garib Kalyan Yojana (PMGKY) on 26.03.2020 to help poor fight the battle against Corona Virus. As part of the PMGKY package, [&hell...

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Posted Under: Corporate Law |

EPFO settles 1.37 Lakh EPF withdrawal claims to fight Covid-19 in less than 10 days

Release ID: 1612849 (10/04/2020)

Employees Provident Fund Organisation (EPFO), an statutory body under Union Ministry of Labour & Employment has processed about 1.37 lakh claims across the country disbursing an amount of Rs. 279.65 crore under a new provision especially formulated by amending the EPF Scheme to help subscribers fight Covid-19....

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FAQs on how to Claim EPF ADVANCE Online

Employee’s Provident Fund (EPF) is a retirement benefits scheme that’s available to all salaried employees. This fund is maintained and overseen by the Employees Provident Fund Organization of India (EPFO) and any company with over 20 employees is required by law to register with the EPFO. It’s a savings platform that helps employee...

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Posted Under: Corporate Law |

How to apply online for PF withdrawal due to COVID

The EPFO has released a set of frequently asked questions (FAQs) for the benefit of those who wish to avail the PF advance. Before applying, it’s important to know how much can be withdrawn, will your company be eligible and the amount be taxable? Being an advance, the employee need not have to put the […]...

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Posted Under: Corporate Law |

EPFO Revises Instructions for rectification of Birth Records of PF Members

EPFO Issues Revised Instructions to Facilitate PF Members to Rectify their Birth Records In a move to extend the availability and reach of online services in the wake of the COVID-19 pandemic, EPFO has issued revised instructions to its field offices to facilitate PF members to rectify their date of birth in EPFO records, thus […]...

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Posted Under: Corporate Law |

Provident fund for International Worker

Foreign workers taking up overseas assignments pay more attention to the tax regime of the country when determining costs, and often tend to overlook the social security laws of the country, which are equally important. India requires every business entity employing more than 20 workers to register with the national social security syste...

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Posted Under: Corporate Law |

FAQs On EPF Advance to Fight Covid-19 Pandemic

Q 1. Who is eligible for the advance from EPF to fight COVID-19 Pandemic? Ans: Any member of EPF Scheme, 1952 with UAN (Universal account number) employed in any establishment or factory covered under EPF & MP Act, 1952. Q 2. Under which provision of the EPF Scheme, 1952, a member is entitled for benefit? Ans: That […]...

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Posted Under: Corporate Law |

How to file online EPF advance claim -COVID-19

How to file online EPF advance claim considering Outbreak of pandemic (COVID-19) The notification amends the EPF Scheme, 1952 by inserting Sub-Para (3) under Para 68L of the EPF Scheme, 1952 to provide for non-refundable advance to EPF members not exceeding the basic wages and dearness allowances for three months or upto 75% of the amo...

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Posted Under: Corporate Law |

Change of Date of Birth of EPF/EPS members

No. WSU/37(1)2019/DOB (03/04/2020)

in case of a dispute in the date of birth, any of the following documents may be accepted as valid proof of date of birth: > Birth Certificate issued by the Registrar of Births and Deaths. > Any school/education related certificate. > Certificate based on the service records of the Central/State Government Organisations. > Any other ...

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Advisory on Payment of 24% of wages of workers in their EPF Accounts

No. AP/RO/GNT/LOCK DOWN ECR/2020 (01/04/2020)

(i) The benefit of crediting of 24% of wages to the PF Accounts of workers will only be given to such establishments where 100% KYC is completed, (ii) Where salaries have been paid to the workers by the employers for the lock down period duly filing ECR for the same period and where a declaration is given about number of excluded employee...

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Advance to EPF members in crisis situation emerging due to COVID-19 pandemic

No. C_I/Misc./2019-20/VoI.II/Part/ (28/03/2020)

The Covid-19 has been declared a Pandemic by Government of India for the entire country and therefore the members of the EPF have become eligible for the benefits of non-refundable advance under the sub-para 68(3)(L) which has come into force vide Ministry of Labour, Govt of India Notification GSR 225 (E) dated 27.03.2020 as published in ...

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Govt permits 75% non-refundable advance from PF account

G.S.R. 225(E) (27/03/2020)

Government, permit a non-refundable advance from the provident fund account of such member not exceeding the basic wages and dearness allowances of that member for three months or up to seventy-five per cent. of the amount standing to his credit in the Fund, whichever is less....

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EPFO issues Directions for timely credit of monthly Pension to EPS Pensioners

EPFO is disbursing monthly pension to more than 65 Lakh pensioners every month under the Employees’ Pension Scheme, 1995.  Due to the corona virus pandemic, lock down has been declared in various parts of the country.  In order to ensure that no inconvenience is caused to the pensioners on account of the prevalent situation, Central [...

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Posted Under: Corporate Law |

EPFO: Preventive measures to contain spread of Novel Coronavirus

HRD/1(71)2014/Misc./Pt.II/408 (18/03/2020)

In order to contain the spread of Novel Coronavirus (COVID-19), some precautionary measures are required to be taken by all the employees and the Ministries/Departments. In this regard, it has been decided to issue the following advisory for the well-being of Government employees and in public interest....

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Registration for EPFO & ESIC for new Companies on MCA Portal only

Registration for EPFO & ESIC for new Public and Private Limited Companies and One Person Company has been stopped on Shram Suvidha Portal from 15.02.2020. With effect from 15.02.2020, new Public & Private Limited Companies and One Person Company shall get registration number for EPFO and ESIC on MCA portal (www.mca.gov.in ...

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Posted Under: Corporate Law |

CBT of EPFO recommends PF Interest Rate of 8.50% for 2019-20

he Central Board recommended crediting of 8.5% annual rate of interest on the EPF accumulations in the EPF members’ accounts for the year 2019-20. The Central Board ratified and appreciated restoration of normal pension after 15 years from the date of commutation, benefitting about 6.3 Lakh pensioners who had opted for commutation under...

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Posted Under: Corporate Law |

SOP to Download digital copy of Pension Payment Order from Digilocker

Notification No. NDC/Digilocker/PP0/2020/112 (04/03/2020)

With reference to the context cited above, EPFO has collaborated with NISD and has made available the digital version of the Pension Payment Order (PPO) for the Pensioners of Employees' Pension Scheme at Digilocker Portal for the benefit of the stakeholders....

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Co-authorization of permanently disabled child/children in PPO for Family Pension

Notification No. HRD/1(34)2014/7thCPC/Vol.II/Pt.I/402 (03/03/2020)

Permanently disabled child/children or sibling can be co-authorized in the PPO issued to the retiring Government servant if there is no other eligible prior claimant for family pension other than the spouse....

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Guidelines for initiation of Section 7A inquiries under EPF Act

No.C-II/20/76/Misc./2020/CBE/TN/027 (14/02/2020)

Section 7A of Employees’ Provident Funds & Miscellaneous Provisions Act, 1952 provides for quantification of amount due from any employer under any provision of this Act and Schemes framed thereunder. The amount so quantified is recovered in accordance with the procedure prescribed under various provisions of the Act. EPF has issued...

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Govt extends EPF act provisions to establishments of J&K

Notification No. S.O. 3962(E) (31/10/2019)

Central Government hereby extends provisions of Employees’ Provident Funds and Miscellaneous Provisions Act, 1952 to apply to the establishments, employing ten or more persons and covered under the provisions of the erstwhile the Jammu and Kashmir Employees’ Provident Funds and Miscellaneous Provisions Act, 1961. MINISTRY OF LABOUR AN...

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EPFO to open offices in Jammu & Kashmir and Ladakh

Office Order No. HRM-VII/1(19)2019/J&k and Ladakh/8366 (25/10/2019)

Competent Authority has approved the opening of Regional Offices of the Employees' Provident Fund Organization (Ministry of Labour & Employment, Government of India) at Jammu & Kashmir and Ladakh with immediate effect....

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Deductions and Deposits of TDS by DDOs U/s. 51 of GST Act 2017

F. No. PDU/4(3)2019/7980 (01/10/2019)

Employees Provident Fund Organization (Ministry of Labour & Employment, Govt. of India) Head Office Bhavishya Nidhi Bhawan, 14-Bhikaji Cama Place, New Delhi – 110066 No. PDU/4(3)2019/7980 Date: 01 Oct 2019 To, The Zonal ACCs/Director (PDNASS)/RPFCs in-charge, All Zonal Office/Regional Offices/ZT1s/NDC/ASD of Head Office. Subject...

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CBT Approves Proposal to Recommend Amendment in EPS 1995

In a major decision, the Central Board of Trustees (CBT) EPF in a meeting held at Hyderabad on 21 August 2019, approved the proposal to recommend for amendment in Employees' Pension Scheme(EPS) 1995 for restoration of commuted value of pension to the Pensioners after 15 years of drawing commutation which will benefit approx. 6.3 lakh...

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Posted Under: Corporate Law |

Employers! Do not miss PF Contribution on allowances

Supreme Court’s ruling on Provident Fund on February 28,2019 stated that employers can’t segregate special allowances from basic salary rather it is to be included for Provident Fund deduction under the Employees Provident Fund and Miscellaneous Provisions Act, 1952. The court held that variable earning which may vary from individual ...

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Posted Under: Corporate Law |

All About ESIC and PF with New Rates of ESIC

Applicability of the ESI scheme  The ESI scheme is applicable to all factories and other establishments as defined in the Act with 10 or more persons employed in such establishment and the beneficiaries’ monthly wage does not exceed Rs 21,000 are covered under the scheme. Whether the employer has employed 10 or more employees, all [&he...

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Posted Under: Corporate Law |

SC judgement holding allowances as part of basic wages- contradictory?

Is the recent SC judgement holding allowances as part of basic wages for the purpose of determination of PF contribution, in contradiction with the stand of the Law makers and implementeors? In its recent judgement in the case of RPFC vs. Vivekananda Vidyamandir and others & Surya Roshni Ltd & Ors. vs. The State of […]...

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Posted Under: Corporate Law |

 Provision of e-Nomination at Member Interface at Unified EPFO Portal

No NDC/2017/UAN/Pt./3143 (06/06/2019)

A facility for filing of online e-nomination is available at Member Interface of Unified Portal. In order to make this functionality compatible with online Form 10D claim to be filed by members and online composite claim Form 10D/20/5IF to be filed by nominees, some modifications have been incorporated in consultation with the ...

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Whether EPF withdrawal attracts Taxes?

The Employee Provident Fund (EPF) is an investment and more beneficial scheme enacted by the Government in the common interest of employees. In this scheme, the employer and employee, both are required to contribute an amount which is calculated on the basic wages, dearness allowance and retaining allowance (if any). Employer Contribution...

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Posted Under: Corporate Law |

All about EPF Series-1

The EPF was established by the Employees Provident Fund Organization (EPFO) of India, a statutory body of the Government. It states that every organization having 20 or more permanent employees across different departments working, should compulsorily register with the EPFO. In the case of an organization which employs less than 20 employ...

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Posted Under: Corporate Law |

Rectification of Employees Details in EPFO records online and offline

EPFO (Employee’s Provided Fund Organization) is an organization which keeps the contribution made towards PF (Provided Fund) of employees and provides pension after attaining the age of 58 / 50 years (provided service period is 10 years or more). EPFO has made it mandatory to link aadhar number of employees to their EPFO account (very [...

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Posted Under: Corporate Law |

SC decision on PF calculation lowered take home Salary

For employees with monthly pay of less than Rs 15,000, however, inclusion of all allowances in wages for PF calculation would result in a lower take-home salary. For employees with monthly pay of more than Rs15,000, Calculation of PF for Employer Contribution will be restricted to 12% of Rs. 15,000 only. So there will be no impact for su...

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Posted Under: Corporate Law |

Guidelines for Registration of Factory/Establishment under ESI Act 1948

The ESI Act, 1948 is applicable to all factories and notified establishments in an implemented area employing 10 or more employees employed for wages. a) For Factory:‑ The threshold for coverage of “factory”, as per section 2(12) of the ESIC Act is 10 which are located in implemented areas. At present the Act is extended [&h...

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Posted Under: Corporate Law |

Will your pension go up if Supreme Court Decision is implemented in full?

The Supreme Court has on 1st April  2019 has rejected the Special leave petition filed by EFPO against the decision of Kerala High court on quantum of pension payable to an employee after his retirement under employee pension scheme (EPS) 1995. This decision has generated wide spread interest in people working in organised Sector as [&he...

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Posted Under: Corporate Law |

Late Deposit of employee’s contribution for PF/ESI

As per section 36(1)(va) of the Act, if any sum received by the assessee from any of his employees to which the provisions of sub-clause (x) of clause (24) of section 2 apply, if such sum is credited by the assessee to the employee’s account in the relevant fund or funds on or before the due date. […]...

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Posted Under: Corporate Law |

All About EPF in India

In this article I will talk in detail about What is EPF, What is UAN (Universal Account Number),Who deducts EPF, Contribution towards EPF, When can we withdraw the EPF amount, How to online transfer the EPF amount from one employer to another, How to Link Old member ID / EPF Account with UAN, Income Tax […]...

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Posted Under: Corporate Law |

What is Employee’s Provident Fund (EPF) in India?

The Employee’s Provident Fund (EPF) is a scheme for retirement benefit of employees, which saves a part of their monthly salary as a fund for their future emergencies and retirement. Every salaried employee is eligible for holding an EPF account. The topics discussed in this article are: 1. About EPF 2. Benefits of EPF 3. […]...

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Posted Under: Corporate Law |

Scope of Spice Form widened by Covering GSTIN, ESIC & EPFO Registration

Spice Form has Widened its Scope by Covering Three Important Registration Viz GSTIN, ESIC and EPFO The Ministry of Corporate Affairs in its notification dated 29th March, 2019, inserted a new Rule 38A under the Companies (Incorporation) Third Amendment Rules, 2019. Scope : The application for Incorporation of Company under Rule 38 shall b...

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Posted Under: Corporate Law |

EPFO to provide calculation sheet at the time of PF withdrawal

No. WSU/Grievances/2019/19201 (22/03/2019)

In order to increase transparency in respect of provident fund settlement withdrawal and to reduce the confusion & grievances of the subscribers, it has been decided that calculation worksheet of provident fund withdrawal of each member is to be provided either on their registered mobile number or the Email ID provided in the claim form....

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How to calculate amount on which PF should be deducted post SC Ruling

In continuation of my last Article ‘Implication of Supreme Court Verdict on Provident Fund‘ published on 2nd March, 2019 on PF calculation after verdict of Hon’ble Supreme Court Judgment, the following illustration will help you to understand that how to calculate salary for PF deduction and extra cost you have to bear as Em...

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Posted Under: Corporate Law |

Analysis & Key Takeaways from Apex Court ruling on EPF Contribution on Special & Other Allowances

I am sharing with you all an analysis and key takeaways of landmark ruling of the Apex Court in the case of Regional Provident Fund Commissioner (II) West Bengal Vs Vivekananda Vidyamandir and Others dated 28th February, 2019. By virtue of this ruling “Contribution towards Employees Provident Fund (‘EPF’) is required to be computed ...

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Posted Under: Corporate Law |

An Overview of Employee’s Provident Fund

Employee’s Provident Fund (EPF) is a retirement benefits scheme that’s available to all salaried employees. This fund is maintained and overseen by the Employees Provident Fund Organization of India (EPFO) and any company with over 20 employees is required by law to register with the EPFO....

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Posted Under: Corporate Law |

Employees’ Provident Funds (EPF) And Miscellaneous Provisions Act, 1952 – An Overview

Background: PF is the retirement saving scheme available to all the salaried employees, is backed by the government on which fixed interest is paid. The employee provident fund is administered by the Employees Provident Fund Organization (EPFO), a statutory body developed by the government of India under the Ministry of Labor and Emp...

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Posted Under: Corporate Law |

Employees’ Provident Funds (Amendment) Scheme, 2018

68HH. Non-refundable advance to a member in case of continuous un-employment for a period of not less than one month.- The Commissioner or, where so authorised by the Commissioner, any other officer subordinate to him, may permit a member, on ceasing to be an employee in any factory or establishment to which the Act applies, a non-refunda...

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EPFO Facilitating Aadhaar number seeding in UAN

Notification No. C-III/1/2018/Cir/KYC (29/11/2018)

UIDAI has clarified that EPFO may continue to avail Aadhaar based authentication services for the schemes for which notification under Section 7 of the Aadhaar Act, 2016 has been issued and duly published in the Official Gazette....

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Non Submission of Online monthly IW1 return- Reg.

File No. IWU/7(30)2012/Return in R/O IWU/1191 (28/11/2018)

As you may be aware that facility for online submission of IW-1 return by employers has started from 1st November 2018. It is observed that such returns are not being submitted online by concerned employers of establishments employing International Workers...

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Submission of Form-11 & seeding KYC in UAN Portal- Reg

Notification No: LC-4(115)2018/Aadhar/LO/13478 (18/10/2018)

In view of the Hon’ble Supreme Court order on the Aadhar Act, 2016, dated 26.09.2018, it is advised to avoid any coercive action by way of prosecution till further orders....

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Labour Laws – Compliance Checklist and Calendar

Labour Laws – Compliance Checklist and Calendar under THE FACTORIES ACT, 1948, MINIMUM WAGES ACT 1940, PAYMENT OF WAGES ACT, 1936 and other Labour Laws...

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Posted Under: Corporate Law |

Tribunal cannot condone Delay in Filing Appeal of more than 120 days under EPF & MP Act

No,LC-7(94)2018/PB/CGIT/imp judgment/8820 (08/10/2018)

Tribunal does not have powers to condone the delay beyond the period of 120 days as mentioned in Rule 7(2) of the Rules. As sequel of above discussion, it is held that appeal filed by the appellant herein is hopelessly time barred as such the delay in filing the appeal is uncondonable in view of the embargo contained in Rule 7(2) of the R...

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Refund of Double Payment by Electronic Challan cum Return (ECR) -Reg

No. Bkg.1 (34) 2017/Bank Commn./UBI/157 (05/10/2018)

In spite of guidelines issued in above matter, a number of complaints are being received in Head Office in connection of non refund of wrong / excess / double payments made by establishment through ECR....

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Rate of Interest on Various Provident Fund Schemes WEF 01.10.2018

F.NO. 5(1)-B(PD)/2018 (04/10/2018)

It is announced for general information that during the year 2018-2019, accumulations at the credit of subscribers to the General Provident Fund and other similar funds shall carry interest at the rate of 8% (Eight percent) w.e.f. 1st October, 2018 to 31st December, 2018. ...

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EPF: Settlement of Death case claims with 7 Days

No. CSD/AG/2017/8352 (27/09/2018)

This is bring to your notice on circular no. CSD-1/CPGRAMS/Pragati e-Samiksha/2016/12866 dated 31-10-2016 wherein given direction that all death case claims submitted by spouse/'nominee/legal heir of EFF member be invariably settled within a period of 7 days from dale of submission of claim form in concerned field office where the decease...

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Generation of UAN without Aadhaar for residents of Assam, Meghalaya & Nagaland

No. NDC/10(5)/2017/3249 (29/08/2018)

Hence, a provision has been made available in the Unified Portal in the Establishment login for generation of UAN without Aadhaar for employees resident in Assam, Meghalaya and Nagaland states. It is being allowed initially for a period of 3 months from 24/08/20 18 to 23/11/2018. EMPLOYEES’ PROVIDENT FUND ORGANISAT ION MINISTRY OF LABOU...

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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....

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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)...

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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 […...

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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 ...

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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...

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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...

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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....

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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...

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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....

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‘View Pension Passbook’ Service for pensioners through Umang App

Employees’ Provident Fund Organisation (EPFO), which is providing a host of e-services for its stakeholders, has now introduced a new service through ‘UMANG app’. On clicking ‘View Passbook’ option, it requires PPO Number and Date of Birth information to be entered by the pensioner. ...

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Posted Under: Corporate Law |

EPFO: Reg. Defaulting Establishments mandated for inspection

No. CAIU/011(72)2016/Shram Suvidha Portal/2566 (03/05/2018)

(1) The following categories of establishments are mandated for inspection without referring/seeking permission for inspection from CAIU, Head Office : (a) List of establishments generated through Shram Suvidha Portal of Ministry of Labour & Employment, Government of India for inspection....

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EPFO rules out any leakage of subscribers’ data from their data centre

EPFO has taken advance action by closing the server and host service through Common Service Centres pending vulnerability checks as part of the data security and protection. EPFO has been taking all necessary precautions and measures to ensure that no data leakage takes place. ...

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Posted Under: Corporate Law |

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