August 29, 2019 01:13 PM IST Increasing take home salary by lowering employees’ mandatory contribution to PF is like enjoying today and leaving little for the rainy days
July 19, 2019 10:15 AM IST Government officials familiar with the matter said the labour ministry is of the view that EPFO has sufficient surplus of over Rs 3,150 crore, mainly earned from investments in exchange traded funds (ETFs).
May 22, 2019 06:36 PM IST The organisation is looking to ensure the safety of workers’ retirement savings on priority, amid a slew of defaults and downgrades of NBFCs.
May 13, 2019 08:17 PM IST Allows accounts linked with Aadhaar to make withdrawal on self-attestation basis.
May 13, 2019 07:06 PM IST The companies will have to make good on the loss in principal and interest income by these funds, as per EPFS, 1952.
March 20, 2019 10:21 AM IST The Employees' Provident Funds and Miscellaneous Provisions Act, 1952 (the PF Act) defines ‘basic wages’ as all emoluments paid in cash to an employee in accordance with the terms of their contract of employment, subject to certain exceptions.
March 01, 2019 08:17 PM IST Apart from employees earning salaries of less than Rs 15,000, this ruling will also bring about a windfall gain to foreign nationals
February 19, 2019 07:25 PM IST “A large part of provident fund investments are in the Rs 50,500 crore assets,” the source said, adding, “..and they are likely to take a significant hit, as they will get their money only after secured lenders have been paid off"
September 21, 2018 09:15 PM IST How much will investors save from the hike in the interest on small savings schemes? Tune in to find out.
July 27, 2018 10:23 AM IST Subscribers can choose between government securities, equity investments, debt instruments, money market instruments and infrastructure investment trusts
February 23, 2018 10:49 AM IST Despite the falling rates, EPF still holds saving advantage over other retirement savings fund.
October 25, 2017 12:50 PM IST The rate is in line with that for Public Provident Fund. In July-September quarter too, the interest rate was 7.8 per cent.
May 25, 2017 10:37 AM IST EPFO has asked regional offices to establish contact with the state housing boards and urge them to allot unsold units to provident fund subscribers.
May 08, 2017 08:30 PM IST "The labour ministry has amended the schemes run by the EPFO by a notification. This will enable the Employees' Provident Fund Organisation (EPFO) to make all payments like EPF and pension through digital mode," an official said.
April 27, 2017 06:30 PM IST Now, the subscribers can seek fund withdrawal from their EPF account on various grounds by using a composite form along with a self-declaration.
March 24, 2017 02:50 PM IST The inclusion of the agenda item of the Central Board of Trustees’ (CBT) to make PF contributions voluntary for the garment and made-up sectors has raised doubts on the government’s long-term intent on provident fund structure.
March 23, 2017 04:13 PM IST District offices can facilitate the awareness of EPFO schemes to employers and employees with a view to secure compliance with the law to provide social security.
March 23, 2017 01:35 PM IST Central trade unions which have been opposing equity investment of PF money say that support from an overwhelming majority of non-trade union CBT members would result in the proposal being accepted.
March 07, 2017 05:44 PM IST As per provisions in the Income Tax Act, the amount transferred from recognised PF/superannuation fund to NPS will not be treated as income of the current year and is hence not taxable.
March 06, 2017 01:35 PM IST While changing jobs you must ensure that get all your pending salary dues along with gratuity dues, if any. One should also consider tax implications on issues such as premature withdrawal of PF accumulation.
February 24, 2017 05:32 PM IST Retirement fund body EPFO will launch a housing scheme next month for its over four crore members to enable them to make down payment and pay EMIs from their EPF accounts to buy homes.
February 17, 2017 04:02 PM IST State Bank of India‘s (SBI) five associate banks will offer voluntary retirement schemes (VRS) for their employees before the date from which the merger will be effective. The date for the merger is yet to be notified.
February 09, 2017 02:00 PM IST Labour secretary M Sathiyavathy, on February 8, 2017, clarified that the payment of workers’ statutory dues in the construction sector, is the sole responsibility of the principal employer. Addressing the 42nd Annual Day celebrations R
January 30, 2017 08:00 AM IST As budget 2017 closes in, the real estate market is ready with its list of demands from the finance minister. Of these, some demands have a good chance of being addressed in the upcoming R
January 05, 2017 05:01 PM IST Move aimed at weaning people away from stocking up cash and parking surplus funds in banks and mutual funds
