Provident Fund

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...

Read More

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 […]...

Read More

Taxability of EPF withdrawn of Accumulated Balance before 5 years & International Employees Exemption

Corporate Law - EPF Taxability if withdrawn before 5 year of Service & Foreign Employees Exemption...

Read More

Rates of contribution of EPF, EPS, EDLI, Admin charges in India

Corporate Law - Employees’ Provident Fund- Contribution Rate The EPF & MP Act, 1952 was enacted by Parliament and came into force with effect from 4th March, 1952. A series of legislative interventions were made in this direction, including the Employees’ Provident Funds & Miscellaneous Provisions Act, 1952. Presently, the following three...

Read More

Combining various EPF accounts through UAN

Corporate Law - Currently UAN (Universal Account Number) has become mandatory for every employee and UAN remains portable throughout the lifetime of an employee and they don't have to apply for PF transfer claims at changing jobs, because merely providing your UAN number to your new employer shall be sufficient so the employees starting their career afre...

Read More

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’...

Read More

7.8% interest on General Provident Fund for Oct 17 to Dec 17

Corporate Law - Government of India has announced that during the Financial Year 2017-18, accumulations at the credit of subscribers to the General Provident Fund (GPF) and other similar funds shall carry interest at the rate of 7.8% (Seven point eight per cent) with effect from 1st October, 2017 to 31st December, 2017. This rate will be in force w.e.f. ...

Read More

EPFO members can link their UAN with Aadhaar online

Corporate Law - EPFO is pleased to introduce a new facility for its esteemed members having Universal Account Number (UAN) and other relevant details to link their respective UAN with Aadhaar online. This, in turn, would facilitate the members, a better and speedy EPFO services....

Read More

PFRDA rolls out Aadhaar based APY Subscription through eNPS platform

Corporate Law - 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

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. ...

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

Contribution to unrecognized Provident fund not eligible for deduction U/s. 80C

M/s. Kodakkad Service Co-operative Bank Ltd. Vs The Income Tax Officer (TDS) (ITAT Cochin) - Admittedly, the contributions of the assessees to the Provident Fund are not a recognized Fund, the same are not eligible for deduction u/s. 80C (2) (vi) of the I.T. Act. ...

Read More

Coal Mines Provident Fund Commissioner is a Public Officer / Servant – Supreme Court

Coal Mines Provident Fund Commissioner through Board of Trustee Vs. Ramesh Chandra Jha (Supreme Court of India) - Having considered the submissions made on behalf of the Appellant and the Respondent appearing in-person, we are of the view that the judgment and order of the High Court does not require any interference, particularly when the issue raised in this Appeal has already been decided by this Court in Ci...

Read More

In case of default by the employer by an exempted establishment, in making its contribution to the Provident Fund Section 14B of the Act will be applicable – SC

Regional Provident Fund Commissioner Vs The Hooghly Mills Co. Ltd. & Ors. (Supreme Court of India) - RPFC Vs. The Hooghly Mills Co. Ltd. & Ors.(SC) - .The question which falls for consideration before this Court in this case is whether the employer of an establishment which is an ‘exempted establishment’ under the Employees’ Provident Funds and Miscellaneous Provisions Act, 1952 (hereinafte...

Read More

SC allows clubbing of two establishments as one for the purposes of the PF as there was unity of ownership, management, control, finance, labour and functional integrity

L. N. Gadodia & Sons & ANR. Vs. Regional Provident Fund Commissioner (Supreme Court of India) - L. N. Gadodia & Sons & ANR. Vs. Regional Provident Fund Commissioner (Supreme Court of India)- When two establishments are run by the same family under a common management with common work force and with financial integrity, they are expected to be treated as branches of one establishment for the pu...

Read More

Submission of Life Certificate/non re-marriage certificate by Pensioners under EPS, 1995

No: Pension-l/17(10)2016-17/Jecvan Pramaan/913 - (09/04/2018) - It is requested to issue suitable instruction to field offices under your jurisdiction for taking necessary actions adopting the methodology explained in the circular for acceptance of life certificate /non re-marriage certificate by the Banks and release of pension to pensioners....

Read More

Test Check genuineness of Online EPF Claims for settlement: EPFO

No. NDC/Appl Software/2018/41 - (02/04/2018) - (i) Out of the list of online claims being provided, atleast 1% of online cases must be test checked for genuineness. (ii) The member/employer may also be contacted, if felt necessary based on the above observations, to confirm genuineness of the claim....

Read More

Mandatory online EPF claim if settlement amount exceeds Rs.10 lacs

No. WSU/17(1)2017/Frauds/20514 - (27/02/2018) - Based on the decision taken in the meeting chaired by CPFC on 17.01.2018, I am directed to convey that in case the amount of claim settlement is above Rs.10.00 lacs for PF claims and Rs.5.00 lacs in respect of the EPS withdrawal claims, the claim form must be accepted through online mode only. ...

Read More

EPFO Modifies Inspection Policy in respect of defaulting establishments

No. CAIU/011(5)2016/Inspection/20509 - (27/02/2018) - At present, for conducting inspections permission is being taken from CAIU including for the cases reflected in monthly defaulter's lists displayed on the website by Head Office....

Read More

Employees’ Deposit Linked Insurance (Amendment) Scheme 2018

No. EDLI/Actuarial/18 (3)/2014/26694 - (21/02/2018) - Employees' Deposit Linked Insurance (Amendment) Scheme 2018. The Gazette notification G.S.R. No. 170 (E) on assurance benefits shall not be less than two lakhs and fifty thousand rupees under para 22 (3) of EDLI Scheme, 1976 dated 15-02-2018- Reg....

Read More

Recent Posts in "Provident Fund"

Submission of Life Certificate/non re-marriage certificate by Pensioners under EPS, 1995

No: Pension-l/17(10)2016-17/Jecvan Pramaan/913 (09/04/2018)

It is requested to issue suitable instruction to field offices under your jurisdiction for taking necessary actions adopting the methodology explained in the circular for acceptance of life certificate /non re-marriage certificate by the Banks and release of pension to pensioners....

Read More

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

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

Read More
Posted Under: Corporate Law |

Test Check genuineness of Online EPF Claims for settlement: EPFO

No. NDC/Appl Software/2018/41 (02/04/2018)

(i) Out of the list of online claims being provided, atleast 1% of online cases must be test checked for genuineness. (ii) The member/employer may also be contacted, if felt necessary based on the above observations, to confirm genuineness of the claim....

Read More

Pensioner’s Portal at EPFO website

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
Posted Under: Corporate Law |

Know PF Balance Through Missed Call AND SMS Alert

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
Posted Under: Corporate Law |

Mandatory online EPF claim if settlement amount exceeds Rs.10 lacs

No. WSU/17(1)2017/Frauds/20514 (27/02/2018)

Based on the decision taken in the meeting chaired by CPFC on 17.01.2018, I am directed to convey that in case the amount of claim settlement is above Rs.10.00 lacs for PF claims and Rs.5.00 lacs in respect of the EPS withdrawal claims, the claim form must be accepted through online mode only. ...

Read More

EPFO Modifies Inspection Policy in respect of defaulting establishments

No. CAIU/011(5)2016/Inspection/20509 (27/02/2018)

At present, for conducting inspections permission is being taken from CAIU including for the cases reflected in monthly defaulter's lists displayed on the website by Head Office....

Read More

Employees’ Deposit Linked Insurance (Amendment) Scheme 2018

No. EDLI/Actuarial/18 (3)/2014/26694 (21/02/2018)

Employees' Deposit Linked Insurance (Amendment) Scheme 2018. The Gazette notification G.S.R. No. 170 (E) on assurance benefits shall not be less than two lakhs and fifty thousand rupees under para 22 (3) of EDLI Scheme, 1976 dated 15-02-2018- Reg....

Read More

Taxability of EPF withdrawn of Accumulated Balance before 5 years & International Employees Exemption

EPF Taxability if withdrawn before 5 year of Service & Foreign Employees Exemption...

Read More
Posted Under: Corporate Law |

Compliance of Labour Laws relating to Contract Labour hired by Railways

No.CAIU/011(33)2015/HQ/VoI.III (06/02/2018)

In this regard, a letter is being issued to all General Manager of Indian Railways (all Zones), Kolkata Metro Corporation, Director General, RDSO and Chairman & Managing Director, IRCTC for ensuring compliance in respect of contract workers being Principal Employers....

Read More
Page 1 of 2212345...1020...Last »

Browse All Categories

CA, CS, CMA (3,649)
Company Law (3,702)
Custom Duty (6,853)
DGFT (3,607)
Excise Duty (4,105)
Fema / RBI (3,404)
Finance (3,621)
Income Tax (26,731)
SEBI (2,834)
Service Tax (3,326)

Search Posts by Date

April 2018
M T W T F S S
« Mar    
 1
2345678
9101112131415
16171819202122
23242526272829
30