Provident Fund - Page 23

CBT recommends 8.65% interest on EPF for the year 2016-17

Central Board decided to recommend 8.65% interest to its subscribers for the year 2016-17. Roughly 17 crore subscribers’ accounts will be updated with this interest rate upon acceptance by the Government....

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Posted Under: Corporate Law |

EPFO to Introduce next version of Electronic Challan cum Receipt

No.R-I/Introduction of ECR 2.0/2016 (08/12/2016)

EPFO is in the process of launching next version of ECR in the month of December, 2016. The revised ECR is a part of the Unified Portal which has Online Registration of Establishments (OLRE) and Universal Account Number (UAN) as its other two components....

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PF collected but not deposited- 6 Actions that can be taken

Government is aware that some establishments/companies have not submitted/deposited funds collected by them towards employees contribution in provident fund accounts...

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Posted Under: Corporate Law |

PF Contribution from Only 3.76 crore members against 17.14 Crore A/cs

The total number of Employees’ Provident Fund (EPF) member accounts as on 31.03.2016, as per Annual Report for 2015-16, is 17.14 crore. On an average, contributions have been received in respect of 3.76 crore members during the year 2015-16. ...

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Posted Under: Corporate Law |

Limit for Coverage under ESIC & More Sectors under ESIC & EPF

Government, in principle, decided to enhance the threshold limit of wage for coverage under the Employees’ State Insurance (ESI) Act, 1948 from existing Rs.15,000/- pm to Rs. 21,000/- pm....

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Posted Under: Corporate Law |

EPF- Change in name of Females post Marriage & correction of spelling mistakes

No. WSU/10(1)2013 /Changes in MAP/21475 (16/11/2016)

Henceforth powers for correction of spelling mistakes in names upto two letters and change of surname in case of female employees on account of marriage shall be delegated to APFC (Accounts) . ...

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EPFO inspectors to accept registers/records in electronic form

No. CAIU/011(59)2016/MOL/12872 (31/10/2016)

If any employer/establishment makes available registers/records in electronic form and accessible to the inspector/authority so as to be usable for a subsequent reference, then that employer/establishment should not be required to produce print/hard copy of these documents...

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EPF- Death Case Claim Settlements Within 7 Days

No. CSD-l/CPGRAMS/Pragati E-SamikSha/2016/12866 (31/10/2016)

All death cases claims submitted by spouse/nominee/legal heir of EPF member be invariably settled within a period of 7 days from date of submission of claim form in concerned field office where the deceased members accounts are being maintained....

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Salient features of EPF Universal Account Number version 2.0

No. R-I/UAN/2.0/2016 (27/10/2016)

EPFO is in the process of development and implementation of next version of UAN, whereby the Universal Account Number of an EPF member is to be obtained/linked with present employment by the employer before filing the ECR. ...

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Reg. EPF Provisions enforcement related to Temporary, casual & site workers

Instruction No. No. C-I/3(2)2016/Court Matter/478/2008/19211 (19/10/2016)

Please find enclosed herewith a copy of order dated 11-03-2016 delivery by Honble High Court of Kerala in WP(c) No. 7905/2011 filed by Builders Association of India, Madurai Centre V/S Union of India, CPFC & RPFC, Madurai....

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