Corporate Law : Explore the potential effects of the proposed wage ceiling increase under the EPF Act on employers, employees, and provident fund ...
Corporate Law : Summary of key 2024 High Court rulings under the Employees' Provident Fund Act, covering employer liabilities, deductions, and mor...
Corporate Law : Key Labour law rulings in November 2024: ESI, ID Act, Provident Fund, and more across various High Courts....
Corporate Law : Learn how to calculate EPS pension, eligibility criteria, and the different types of pensions available under the Employee Pension...
Corporate Law : Understand EPF withdrawal rules, tax implications, and conditions for partial and full withdrawals in 2024. Know when and how your...
Corporate Law : EPFO has streamlined the PF transfer process, eliminating employer approval for most claims, aiming to reduce turnaround time and ...
Corporate Law : EPFO is revolutionizing service delivery by introducing auto-mode settlement for education, marriage, and housing claims, reducing...
Corporate Law : EPFO grants a five-month extension to employers for uploading wage details regarding pension on higher wages. Learn about the late...
Corporate Law : Explore EPFO's SOP for freezing and de-freezing MIDs, UANs, and Establishments to safeguard funds, verify genuineness, and prevent...
Corporate Law : Read the Standard Operating Procedure (SOP) for EPFO inspections, promoting fairness and ease of compliance while protecting worke...
Income Tax : ITAT Delhi partly allowed FIL India's appeal on tax adjustments, PF contributions, and double taxation of interest on refund und...
Goods and Services Tax : The Calcutta High Court reviewed a writ petition from Paschim Banga Gramin Bank, challenging a Section 14B order under the Employe...
Corporate Law : Allahabad High Court dismisses Patton Logistics' petition challenging EPF Appellate Tribunal's stay order, emphasizing the tribuna...
Corporate Law : Learn about the Allahabad High Court's dismissal of Shrasty Computer Solutions' appeal against the EPFO due to the expired limitat...
Corporate Law : Madhya Pradesh High Court ruled on EPF Act applicability to employees of aided schools, emphasizing compliance with central laws o...
Corporate Law : EPFO clarifies policies on pension computation, trust rules, arrears, and damages in higher wages cases per Ministry of Labour & E...
Corporate Law : EPFO centralises pension disbursement through CPPS. Claims processed with any bank across India. Instructions for smooth pension c...
Corporate Law : EPFO deploys functionality for capturing data of Non-EPS members. UAN generation and activation mandatory for all P.F. Trust membe...
Corporate Law : EPFO introduces a delinking facility for erroneous Member IDs from UAN. Follow steps via unified portal to correct linked details....
Corporate Law : EPFO introduces a streamlined process for joint declaration updates, including UAN, Aadhaar validation, and document submission vi...
This Scheme may be called the Employees’ Provident Funds (Second Amendment) Scheme, 2015. In the Employees’ Provident Funds Scheme, 1952 (hereafter referred to as Principal Scheme), in sub-paragraph ( ) of paragraph 38,‑ (i) for the words by separate hank drafts or cheques, the words electronic through internet banking of the State Bank of India or any other Nationalised Bank authorized for collection shall be substituted.
Provident Fund (PF) is one of the best fixed-income instruments. This is so because PF is the ONLY debt product apart from PPF, where the interest rate is not only quite attractive but more-importantly tax free as well. Secondly, there is no limit on the amount. Disciplined saving every month is another plus point.
The Finance Act, 2015 (20 of 2015) has Inserted a new section 192A regarding the payment of accumulated provident fund balance due to an employee. The Provision Shall Take effect from 01st June 2015. Income Tax should be deducted at source (TDS) at the following rates if at the time of payment of the accumulated PF balance is more than or equal to Rs. 30,000/-, with service than 5 years:-
Employees’ provident fund Provident fund scheme is as a retirement benefit scheme. Under this scheme, a stipulated sum is deducted from the salary of the employee as his contribution towards this fund. The employer also generally contributes simultaneously an equal amount out of its pocket to the fund. The contributions of employee and employer are […]
Facility for Filing Online Single Return to be Launched Tomorrow The facility for filing Single Online Common Return under 8 Central Labour Acts / Rules on the ShramSuvidha Portal will be launched tomorrow. This service will reduce the transaction costs of business and make it easy and convenient to meet their obligations.
Government Decides to Fix Interest Rates at 8.7% for General Provident Fund(GPF) and other Similar Funds Including Special Deposit Scheme, 1975(SDS,1975) for Non-Government Provident, Superannuation and Gratuity Funds for the Financial Year 2015-16 It was decided by the Government to link the interest rates of State PFs (General Provident Fund and other similar funds) including […]
ITEMS INCLUDED IN BASIC WAGES BASIC WAGES – HOW TO CONSTRUE The expression ‘basic wages’ has to receive an interpretation which would achieve the object of the enactment. The Act has to be considered in its proper perspective and contextual so as to fructify the legislative intentions underlying the enactment. If two views are possible, […]
Employees Provident Fund (EPF/PF) is normally referred to as a retirement plan for employees. 12% of the basic wages, dearness allowance and retaining allowance, if any, payable to employees per month is deducted from employee’s salary and 12% is contributed by the employer.
What is the Contribution for Provident Fund both by the Employer & Employee?: The Employee contributes 12% of his /her Basic Salary & the same amount is contributed by the Employer.Is it Compulsory for the all the employees to contribute to the Provident Fund?
The Employees’ Provident Fund Organisation has launched a facility for online verification of status of the claim under the EPF. Please click on the following link to find the status of your claim submitted in any of the EPFO Office.
