EPFO

Practical Understanding of ESI & PF – Present & Future Scenario

Corporate Law - Provident Fund– An act which provides establishment of provident fund, pension fund & deposit linked insurance fund for eligible employee in eligible establishment and factories. 1) Applicability – All establishments employing 20 or more persons (5 or more for Cinema Theaters) are brought under preview of the Employee prov...

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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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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 - 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 the wages). However, it was prescribed that the employers’ share of contribution towards the Pro...

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FAQs on EPFO Grievance Redressal

Corporate Law - 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 out of old PF accounts on the CPGRAMS portal. v) difficulties relating to Universal Accounts Num...

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Collections of EPF started with 4 more banks in addition to SBI

Corporate Law - ollections of EPF dues have been started with PNB, Allahabad Bank, Indian Bank, Union Bank of India in addition to State Bank of India through direct online mode. ...

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

Corporate Law - 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), Shri Bandaru Dattatreya launched EPFO’s Citizens’ Charter 2017 and e-court management system in ...

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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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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 commences Real Time Monitoring System for Exempted Establishments

EPFO has implemented online filing of returns by exempted establishments. Subsequent to the introduction of the new software, real time monitoring of exempted establishments has also commenced. It is required that all the exempted establishments/employers are required to file the statutory online re...

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Revised procedure for Transfer of PF Accounts

No: Manual/Amendment/2011/13326 - (20/09/2017) - In the wake of recent digital initiatives with the objective of making EPFO a Paperless Organization, the new procedure has been formulated for transfer of accounts of a member on change of employment to facilitate seamless and hassle free service to subscribers....

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EPFO Introduces new Composite Declaration Form (F-11)

No: Manual/Amendment/2011/13437 - (20/09/2017) - Central Provident Fund Commissioner by exercising the powers conferred under para 36(7) read alongwith the provisions of para 34 and 57 of EPF Scheme, 1952 and para 24 of Employees' Pension Scheme, 1995 has ordered the introduction of Composite Declaration Form (F-11) by replacing the existing New F...

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EPFO discontinues submission of Form- 9 in physical form by employer

No: WSU/10(1)2011/Changes in MAP/1312 - (18/09/2017) - In exercise of powers conferred on Central Provident Fund Commissioner under paragraph 36(7) of Employees Provident Funds Scheme, 1952, discontinuance of submission of Form No. 9 in physical form is hereby ordered in respect of all the members joining as well as the establishments being covered on o...

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EPFO revises composite Pension Payment Order form

No: Pension-I/17(1)/2000/PPO - (15/09/2017) - The Central Provident Fund Commissioner has approved a composite Pension Payment Order form (copy enclosed) replacing the existing Pension Payment Order. The Information Services Division has made requisite changes in the application Software to replace the existing Pension Payment Order with the re...

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Recent Posts in "EPFO"

EPFO commences Real Time Monitoring System for Exempted Establishments

EPFO has implemented online filing of returns by exempted establishments. Subsequent to the introduction of the new software, real time monitoring of exempted establishments has also commenced. It is required that all the exempted establishments/employers are required to file the statutory online returns in time i.e. on or before 25th of ...

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Revised procedure for Transfer of PF Accounts

No: Manual/Amendment/2011/13326 (20/09/2017)

In the wake of recent digital initiatives with the objective of making EPFO a Paperless Organization, the new procedure has been formulated for transfer of accounts of a member on change of employment to facilitate seamless and hassle free service to subscribers....

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EPFO Introduces new Composite Declaration Form (F-11)

No: Manual/Amendment/2011/13437 (20/09/2017)

Central Provident Fund Commissioner by exercising the powers conferred under para 36(7) read alongwith the provisions of para 34 and 57 of EPF Scheme, 1952 and para 24 of Employees' Pension Scheme, 1995 has ordered the introduction of Composite Declaration Form (F-11) by replacing the existing New Form-11 and the same is enclosed as Annex...

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EPFO discontinues submission of Form- 9 in physical form by employer

No: WSU/10(1)2011/Changes in MAP/1312 (18/09/2017)

In exercise of powers conferred on Central Provident Fund Commissioner under paragraph 36(7) of Employees Provident Funds Scheme, 1952, discontinuance of submission of Form No. 9 in physical form is hereby ordered in respect of all the members joining as well as the establishments being covered on or after 1st October, 2017. Copy of the o...

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EPFO revises composite Pension Payment Order form

No: Pension-I/17(1)/2000/PPO (15/09/2017)

The Central Provident Fund Commissioner has approved a composite Pension Payment Order form (copy enclosed) replacing the existing Pension Payment Order. The Information Services Division has made requisite changes in the application Software to replace the existing Pension Payment Order with the revised Pension Payment Order....

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Standard Operating Procedure (SOP) for settlement of claims in EPFO

No: Manual/Amendment/ 2011/Pt./10800 (24/08/2017)

Standard Operating Procedure (SOP) should be followed for the process of settlement of claims. Anything that is not contained in the current SOP shall be governed by the existing Manual of Accounting Procedure (MAP). In case of any conflict between the SOP and the Manual of Accounting Procedure, this SOP shall be followed....

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EPFO: Online System for generation of Certificate of Coverage- reg

File No. IWU/7(31) /Application for COC/10677 (24/08/2017)

Attention is drawn to circular of even no dated 31.07.2017, vide which information regarding the launch of the online system for generation of COC was conveyed & the physical application for COC was discontinued....

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EPFO: Forwarding of details required for assessment and timely declaration of Productivity Linked Bonus for the year 2016-17

No: WSU/25(1)/2016-17/PLB/10440 (21/08/2017)

The work relating to the assessment of Productivity Linked Bonus for the year 2016-17 has been taken up. The Productive Linked Bonus (PLB) for the employees of EPFO is assessed on the basis of the productivity achieved and manpower used in respect of each Regional Office separately....

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EPFO notifies Revised Composite Claim Form for Death cases (PF, EPS, EDLI)

No: Manual/Amendment/2011/Pt/9536 (21/08/2017)

Composite Claim Form for Death cases has been reviewed and accordingly a revised Composite Claim Form for death cases, approved by CPFC, is attached herewith. This claim form shall come into force from the date of issue of this circular....

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Format for Authorisation of Repayment o Housing Loan out of PF Account

No: WSU/39(1)2017/Housing Scheme/10420 (18/08/2017)

Cash Branch should ensure that generation and disbursal of EMIs in respect of the all claims under para 68-BD(4) of EPF Scheme, 1952 on the 1st working day of the month. The Cash Branch should also generate the forwarding letters for intimation for disbursal of EMIs to the lending agency as well as to the member, on the first working day ...

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