EPFO

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

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

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

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

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Know PF Balance Through Missed Call AND SMS Alert

Corporate Law - 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 […]...

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

Corporate Law - EPFO registration now required at a threshold limit of 10 employees instead of 20 employees...

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

Corporate Law - 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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‘View Pension Passbook’ Service for pensioners through Umang App

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

Corporate Law - 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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New Initiatives by EPFO to provide services and timely information

Corporate Law - It has now been decided to publish the age-band wise estimate of all new subscribers as declared by their employers. The new employees have been categorised in six age bands like less than 18; 18-21; 22-25; 26-28; 29-35 and more than 35 years of age....

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Pensioner’s Portal at EPFO website

Corporate Law - 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’...

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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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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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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...

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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 ...

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Recent Posts in "EPFO"

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....

Read More

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....

Read More

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. ...

Read More

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....

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 |

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