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- Smooth EPF transfer while changing jobs: How to seamlessly transfer your retirement savings online without any hassle
PF balance trasnfer: When changing jobs do remember to transfer your provident fund balance to the new co ...More
PF balance trasnfer: When changing jobs do remember to transfer your provident fund balance to the new company using the Employee Provident Fund Organisation website. ?Bishen Jeswant, Partner, Cyril Amarchand Mangaldas, says applying for transfer of EPF when switching employment is a fairly routine process if the individual employee¡¯s UAN (Universal Account Number) is active on the EPFO portal ...Less
- EPF Balance Transfer: Is updated date of exit of last organisation on EPFO portal mandatory for applying for transfer?
EPFO balance transfer: Changed jobs? Then remeber to transfer your Employee Provident Fund (EPF) balance ...More
EPFO balance transfer: Changed jobs? Then remeber to transfer your Employee Provident Fund (EPF) balance from the old company to the new company using the EPFO portal at epfindia.gov.in. If you don't do this then after a certain number of years the old EPF money will stop earning interest. EPFO said: "Updation of date of exit of previous job/employment is mandatory for applying online transfer. The date of exit can be updated only after two months of leaving a job." ...Less
- PF claim settlement rule change: Now EPF members will get more interest money on EPF withdrawal, faster settlement
New EPF claim settlement rule: The EPFO has announced changes in Para 60(2)(b) of the EPF Scheme, 1952. T ...More
New EPF claim settlement rule: The EPFO has announced changes in Para 60(2)(b) of the EPF Scheme, 1952. The changes announced in the Employees Provident Fund Scheme will help EPF members to get more interest in claim settlement and faster claim settlement. Know all about the new rule, when it is applicable, and which EPF claims it will impact. ...Less
- EPF claims can be settled without seeding Aadhaar for these members: Read latest EPF rules
EPFO clarified that members exempt from Aadhaar seeding can use alternative valid ID proofs for final set ...More
EPFO clarified that members exempt from Aadhaar seeding can use alternative valid ID proofs for final settlement processing. These alternative documents will be verified for authenticity. ...Less
- EPF update: You may be able to withdraw PF from ATM soon, who can withdraw, how it will work
PF Withdrawal through ATM: Members of EPFO may soon be able to withdraw funds from their EPF account dire ...More
PF Withdrawal through ATM: Members of EPFO may soon be able to withdraw funds from their EPF account directly from ATMs. The EPF system is currently undergoing a major upgrade to offer 'enhanced services' to crores of employees, says Labour Secretary Sumita Dawra. How will this new facility work? When can you withdraw PF money through ATM? All your questions answered. ...Less
- EPF pension alert: Diwali cheer for EPS pensioners as EPFO will release pension early in October
EPF pension alert: TThe Employees' Provident Fund Organization (EPFO) has declared that pensioners under ...More
EPF pension alert: TThe Employees' Provident Fund Organization (EPFO) has declared that pensioners under the Employee's Pension Scheme (EPS), managed by the EPFO, will receive their pension ahead of Diwali. ...Less
- EPFO extends deadline for UAN activation and linking bank account to Aadhaar for ELI scheme benefits; check last date here
ELI under EPFO: The deadline for activating Universal Account Number (UAN) and linking of bank account to ...More
ELI under EPFO: The deadline for activating Universal Account Number (UAN) and linking of bank account to Aadhaar for getting Employement Linked Incentive Scheme (ELI) benefits has been extended again. The original deadline was November 30, 2024 which was later extended to December 15, 2024. This deadline has now again been extended. ...Less
- Arrest warrant issued against former cricketer Robin Uthappa in EPF deposits fraud case
An arrest warrant has been issued for former Indian cricketer Robin Uthappa over alleged unpaid employee ...More
An arrest warrant has been issued for former Indian cricketer Robin Uthappa over alleged unpaid employee provident fund dues totaling over ?23 lakh. Uthappa, director of Centauries Lifestyle Brands, is accused of failing to remit the funds. Police, however, stated that Uthappa no longer resides at the address listed on the warrant. ...Less
- Higher EPS pension: You will not receive higher pension from EPS if your employer does not do this by January, 2025
Higher EPS pension: The EPFO has given one last chance to the employers to upload wage details of the emp ...More
Higher EPS pension: The EPFO has given one last chance to the employers to upload wage details of the employees to process the higher EPS pension application. If all the employers (old or new) do not accept the pension application, an individual will not be eligible to receive higher pension. ...Less
- Inoperative EPF accounts' total amount up 5 fold to Rs 8,505 cr in 6 years
Inoperative EPF accounts have seen a five-fold increase, reaching Rs 8,505.23 crore in FY24 compared to R ...More
Inoperative EPF accounts have seen a five-fold increase, reaching Rs 8,505.23 crore in FY24 compared to Rs 1,638.37 crore in FY19. The EPFO clarified these accounts are not unclaimed and will be returned to their rightful owners upon claim filing. Efforts are underway to raise awareness and improve fund utilization through various multimedia campaigns. ...Less
- Is the CPF commissioner guilty of contempt and mental torture for delaying pensions?
The Employees' Provident Fund Organisation faces criticism for its slow processing of higher pension clai ...More
The Employees' Provident Fund Organisation faces criticism for its slow processing of higher pension claims. Lakhs of retirees await their rightful pensions. The government is urged to intervene and expedite the process. A more efficient system like ASBA is suggested. The current pension calculation formula needs an overhaul. ...Less
- EPFO online services not available without active UAN: Here’s how to activate it
EPFO online services not available without active UAN: Universal Account Number (UAN) is a 12-digit numbe ...More
EPFO online services not available without active UAN: Universal Account Number (UAN) is a 12-digit number provided to each member of EPFO. The UAN acts as an umbrella for the multiple EPF Member IDs allotted to an individual. Employees should activate UAN to avail any EPFO services online. ...Less
- EPF UAN: Do you need to activate UAN every time you change jobs? Check details here
EPFO UAN: The Employees' Provident Fund Organisation (EPFO) to work in a campaign mode with employers and ...More
EPFO UAN: The Employees' Provident Fund Organisation (EPFO) to work in a campaign mode with employers and ensure the activation of the Universal Account Number (UAN) of employees. The activation process can be completed using an Aadhaar-based OTP ...Less
- Formal job addition marginally down in September
India's formal job growth slowed down slightly in September. EPF and ESIC added fewer new members. NPS sa ...More
India's formal job growth slowed down slightly in September. EPF and ESIC added fewer new members. NPS saw increased subscriptions. The first half of the fiscal year still shows overall growth compared to last year. Female subscriptions dipped in EPF and ESIC. Male subscriptions also fell in EPF but rose slightly in ESIC. NPS saw more women subscribing than men. ...Less
- Norms to be eased to let more pvt banks collect PF money from companies
The Employees' Provident Fund Organisation (EPFO) is poised to relax regulations, enabling more private b ...More
The Employees' Provident Fund Organisation (EPFO) is poised to relax regulations, enabling more private banks to collect provident funds. This initiative aims to streamline business operations for companies, enhance convenience for subscribers, and expedite fund transfers for the retirement body. ...Less
- EPF, EPS contribution limit may be hiked to Rs 21,000 soon: How it can impact you
EPFO wage ceiling limit hiked: According to The Economic Times report, the centre is planning to hike the ...More
EPFO wage ceiling limit hiked: According to The Economic Times report, the centre is planning to hike the EPFO wage ceiling limit to Rs 21,000 per month from Rs 15,000 per month currently. If the proposal goes through, this will be the third hike in the wage ceiling limit. A hike in the EPFO wage ceiling limit will impact salaried employees in various ways. ...Less
- Formal jobs slip in August; EPF additions down 15%
New subscriptions to the Employees Provident Fund (EPF) scheme and the National Pension Scheme (NPS) hit ...More
New subscriptions to the Employees Provident Fund (EPF) scheme and the National Pension Scheme (NPS) hit their lowest since the start of the fiscal year, according to MoSPI report, 'Payroll Reporting in India: An Employment Perspective - August 2024'. ...Less
- EPF pension: What is the formula for calculating pension amount?
EPF pension: Here are some crucial frequently asked questions (FAQs) regarding the calculation of pension ...More
EPF pension: Here are some crucial frequently asked questions (FAQs) regarding the calculation of pension benefits for EPF members, as per the information available on the official EPFO website. ...Less
- Around 97,000 EPF members to receive higher pension under EPS; How to track status of higher EPS pension application
Higher EPS pension: Under the Employees' Pension Scheme, 1995, approximately 97,640 PF (Provident Fund) m ...More
Higher EPS pension: Under the Employees' Pension Scheme, 1995, approximately 97,640 PF (Provident Fund) members and pensioners nationwide are anticipated to receive pensions on higher wages (PoWH), according to a news report. ...Less
- Why your EPF claim may get rejected: Here are 11 reasons
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- Is your EPF claim stuck? Find out why EPF claim rejections are rising, steps you can take
In the cover story this week, we explore why EPF claim rejections or delays are rising and what potential ...More
In the cover story this week, we explore why EPF claim rejections or delays are rising and what potential obstacles await those requesting PF transfers or withdrawals. We also suggest the steps you can take to avert a prolonged battle with the EPFO to get your money back. ...Less
- EPFO: No ELI benefits if you don't activate UAN by November 30, 2024, how to activate UAN on EPFO member portal
UAN activation deadline: Employees must activate their Universal Account Number (UAN) and link their Aadh ...More
UAN activation deadline: Employees must activate their Universal Account Number (UAN) and link their Aadhaar to their bank accounts. This mandatory step must be completed by November 30, 2024. ...Less
- How to transfer EPF account online: 5-step guide
A step-by-step guide on how to transfer your EPF account online. ...More
A step-by-step guide on how to transfer your EPF account online. ...Less
- Online module for surrender of exemption from EPF unveiled
Exempted establishments have been found to be surrendering their exemptions primarily due to their inabil ...More
Exempted establishments have been found to be surrendering their exemptions primarily due to their inability to match the benefits under the EPF scheme, which is mostly rate of interest generated by the statutory EPF scheme and digital services of claim settlement, e-nomination and member passbook available on the Employees' Provident Fund Organisation (EPFO) portal. ...Less
- Married women without marriage certificate can face these problems
Importance of marriage certificate: Marriage registration is optional under the Hindu Marriage Act, 1955. ...More
Importance of marriage certificate: Marriage registration is optional under the Hindu Marriage Act, 1955. However, many women register their marriage to avoid any future problems. Here is the list of problems women can face in the future if they do not have a marriage certificate. Read on to know more about it. ...Less
- 11 reasons why your EPF claim may get rejected by EPFO
Apart from system failures, your claim could get derailed for any of these reasons. ...More
Apart from system failures, your claim could get derailed for any of these reasons. ...Less
- How to withdraw EPF money online: A step-by-step guide
Here is a look at how you can withdraw money from your EPF account online. ...More
Here is a look at how you can withdraw money from your EPF account online. ...Less
- Pension for EPF members: 6 types of pensions under EPS 95, who is eligible
EPS pension: The EPFO provides the Employees' Pension Scheme, which is a social security initiative for i ...More
EPS pension: The EPFO provides the Employees' Pension Scheme, which is a social security initiative for individuals who have EPF accounts. This scheme entitles employees in the formal sector to receive a pension when they reach the retirement age of 58. ...Less
- 6 types of pensions under EPS 95, which EPF members are eligible
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- EPFO issues new guidelines to correct personal details in EPF accounts
Correcting personal details in EPF accounts: Employees' Provident Fund Organisation (EPFO) has issued fre ...More
Correcting personal details in EPF accounts: Employees' Provident Fund Organisation (EPFO) has issued fresh guidelines on how EPF account holders can correct personal details such as name, date of birth, father's name, Aadhaar etc. in their EPF accounts. The new guidelines are issued after suspending old circulars. The new guidelines have made minor changes in the correction of personal details. ...Less
- Inclusion of foreign workers in PF unconstitutional, says High Court
The move, which is likely to be challenged by govt and the Employees Provident Fund Organisation (EPFO), ...More
The move, which is likely to be challenged by govt and the Employees Provident Fund Organisation (EPFO), will impact thousands of expatriates who have contributed to the social security scheme or are currently part of it. ...Less
- Union Minister Mansukh Mandaviya launches online module for surrender of exemption
Mandaviya further mentioned that EPFO has taken several initiatives to address many of the present issues ...More
Mandaviya further mentioned that EPFO has taken several initiatives to address many of the present issues. These are the first steps of the many other initiatives that are planned in the immediate future. ...Less
- EPFO issues new rules for inoperative, inactive EPF accounts to stop frauds: Check the latest details
EPF inoperative inactive accounts unblock: The Employees Provident Fund Organisation (EPFO) has issued ne ...More
EPF inoperative inactive accounts unblock: The Employees Provident Fund Organisation (EPFO) has issued new guidelines to make the inoperative and inactive, transaction-less accounts active again. The new rules are issued to stop the frauds and also to ensure proper verification is done before money in credited into the claimant bank accounts. ...Less
- These EPF members have started receiving interest payments for FY 2023-24; check EPFO’s statement, 4 ways to check EPF balance
EPF interest payment for FY2023-24: The Government of India has authorized and informed that interest rat ...More
EPF interest payment for FY2023-24: The Government of India has authorized and informed that interest rate for EPF members for the Financial Year 2023¨C2024 is 8.25% on May 31, 2024. The EPFO said that EPF members' interest rates are not disclosed quarterly. ...Less
- NPS investment can save tax in new tax regime as well; here's how
Under Section 80CCD(2), up to 10% of the employee¡¯s basic salary put in NPS is tax-free. This limit is hi ...More
Under Section 80CCD(2), up to 10% of the employee¡¯s basic salary put in NPS is tax-free. This limit is higher at 14% for taxpayers like Roy who have opted for the new tax regime. Sudhir Kaushik of TaxSpanner.com tells readers how they can optimise their tax by rejigging their incomes and investments. ...Less
- UPS like pension for private sector employees? How NPS plus EPF can get you regular income like Unified Pension Scheme; check calculation
While govt employees got their much awaited demand met as government launched a new pension scheme called ...More
While govt employees got their much awaited demand met as government launched a new pension scheme called Unified Pension Scheme which offers half of the last year average basic salary as starting pension. Private sector employees can do much better and get a higher regular income during their retirement that too only with mandatory EPF and NPS contribution if they can can plan it well. ...Less
- Recast EPFO IT system to be operational in three months
As part of the revamp, the retirement fund body will come up with a re-engineered and rationalised centra ...More
As part of the revamp, the retirement fund body will come up with a re-engineered and rationalised centralised payments and claims settlement. "This will result in centralised claim settlement including end-to-end auto processing of claims, centralised monthly pension disbursements, Universal Account Number-based EPF accounting, restructured electronic challan-cum-receipt with due statement and remittance challan, and doing away with the requirements of transfer of member ID (MIDs) on change of jobs," one of the sources said. ...Less
- What is form 10D in EPF account: How to apply for monthly pension using form 10D online, who can claim
Form 10D in EPF account: EPF members who are eligible can apply online for Form 10 D by ensuring that the ...More
Form 10D in EPF account: EPF members who are eligible can apply online for Form 10 D by ensuring that there is an e-nomination, that the account meets KYC requirements, and that the accurate details are provided in the Universal Account Number (UAN). ...Less
- New EPF account rules in May: EPFO made these four major changes to the EPF account, claims process in May 2024
New EPF rules: The changes include an extended facility of auto-settlement, multi-location claim settleme ...More
New EPF rules: The changes include an extended facility of auto-settlement, multi-location claim settlement, faster New rule for EPF death claim. Let us take a closer at each of these four changes. ...Less
- Can you transfer EPF account from unexempted trust to EPFO, exempted trust?
EPF account transfer from unexempted trust: Many salaried individual have Employees' Provident Fund accou ...More
EPF account transfer from unexempted trust: Many salaried individual have Employees' Provident Fund account either with EPFO or exempted trusts. However, what if you have an EPF account with unexempted trusts? Does EPF scheme rules allow an EPF member to transfer the unexempted trusts to EPFO or exempted trusts? Read on to know about it. ...Less
- NPS Vatsalya announced, another tax nudge for NPS in Budget 2024: All you need to know
Private sector employees can now avail of 14% tax deduction, up from 10%, on the employer¡¯s contribution ...More
Private sector employees can now avail of 14% tax deduction, up from 10%, on the employer¡¯s contribution to their NPS account. ...Less
- You could lose section 80C tax benefit on EPF contribution; here's why
Section 80C tax benefit on EPF: Many salaried individuals claim Section 80C tax benefit on their own Empl ...More
Section 80C tax benefit on EPF: Many salaried individuals claim Section 80C tax benefit on their own Employees Provident Fund (EPF) contribution. However, not many are aware that if the EPF trust does not meet certain specified conditions, then both the employer and employee contribution will be taxable in the hands of an individual. ...Less
- New EPF auto-settlement claim rules for medical, education, marriage, housing: How to use this facility, eligibility
EPF auto-settlement of withdrawal claims: The EPFO in a press release has announced extending the coverag ...More
EPF auto-settlement of withdrawal claims: The EPFO in a press release has announced extending the coverage of auto-settlement of withdrawal claims to marriage, housing and higher education. The auto-settlement claim was earlier available for specified medical illness only. Read on to know who can apply for these claims, documents required to apply and other details. ...Less
- Non-refundable Covid advance no longer available under EPFO
According to an EPFO circular dated June 12, since Covid is no longer a pandemic, the competent authority ...More
According to an EPFO circular dated June 12, since Covid is no longer a pandemic, the competent authority has decided to discontinue the said advance with immediate effect and this would be applicable to even exempted establishments. ...Less
- New EPF rules: EPFO relaxes mandatory uploading of cheque leaf image, attested bank passbook for these cases
EPFO eases the requirement to upload image of a cheque leaf and an attested bank passbook. This move will ...More
EPFO eases the requirement to upload image of a cheque leaf and an attested bank passbook. This move will help to expedite the settlement of claims filed online and reduce the number of claims that are rejected ...Less
- EPF withdrawal claim: How many days does it take to settle an EPF withdrawal claim?
Settlement of EPF withdrawal claim: Many Employees' Provident Fund (EPF) members experienced difficulties ...More
Settlement of EPF withdrawal claim: Many Employees' Provident Fund (EPF) members experienced difficulties after submitting withdrawal requests from their EPF accounts. Some of them voiced concern, noting that there has been no news on the situation since making a withdrawal claim. ...Less
- New rule for EPF death claim: Now physical claims can be processed without seeding Aadhaar
EPF death claim: The EPFO stated that it has received specific references from field offices indicating t ...More
EPF death claim: The EPFO stated that it has received specific references from field offices indicating that they are unable to seed and authenticate Aadhaar in cases of death of EPF members. Note that Aadhaar details cannot be updated or corrected after a member passes away, which presents challenges for the field offices. ...Less
- Faster EPF claim settlement: EPFO multi-location claim settlement to speed up member claims
Faster EPF claim settlement: By allowing for multi-location claim settlement, this feature will speed up ...More
Faster EPF claim settlement: By allowing for multi-location claim settlement, this feature will speed up member claims processing and replace the current geographical jurisdiction structure along with productivity in offices nationwide. ...Less
- EPF new rules: EPFO issues SOP on how to freeze, defreeze UAN
In order to detect probable situations of suspicious accounts or transactions where there may be a risk o ...More
In order to detect probable situations of suspicious accounts or transactions where there may be a risk of impersonation or fraudulent withdrawals, multiple stages of verification for MIDs, UANs, and institutions will be carried out as part of the SOP. Here is a look at EPFO's latest SOP freezing and defreezing UANs of EPF subscribers. ...Less
- Central govt employees: General Provident Fund (GPF), other provident funds' interest rates announced for July-September 2024
Central govt employees' salary: The Ministry of Finance has announced the interest rates of the General P ...More
Central govt employees' salary: The Ministry of Finance has announced the interest rates of the General Provident Fund (GPF), Contributory Provident Fund (CPF) and other similar provident fund schemes for the July-September quarter of 2024. Will investors get interest on GPF if the contribution exceeds Rs 5 lakh? GPF latest interest rates and all other latest rules explained. ...Less
- EPS withdrawal rules changed; lakhs of EPF subscribes to benefit; check if you stand to benefit
The government has changed the Employees¡¯ Pension Scheme (EPS) of 1995 to enable members with fewer than ...More
The government has changed the Employees¡¯ Pension Scheme (EPS) of 1995 to enable members with fewer than six months of employment to receive a withdrawal benefit. Additionally, the government amended Table D to ensure that withdrawal benefits are paid fairly; this change would benefit over 23 lakh members. ...Less
- When will EPF interest be credited for FY 2023-24? Here’s what EPFO has said, 4 ways to check PF balance
EPF interest for FY 2023-24: The Employees' Provident Fund Organisation (EPFO) announced the interest rat ...More
EPF interest for FY 2023-24: The Employees' Provident Fund Organisation (EPFO) announced the interest rate for provident fund deposits for the 2023¨C2024 fiscal year in February of 2024. The interest rate for 2023¨C24 was raised by the EPFO from 8.15% to 8.25% from the previous year. ...Less
- Do international employees still have to make EPF contributions after Karnataka High Court ruling?
Karnataka High Court's April 25, 2024 ruling deemed special provisions for International Workers under EP ...More
Karnataka High Court's April 25, 2024 ruling deemed special provisions for International Workers under EPF Scheme unconstitutional, affecting EPF contributions, retirement age eligibility, and equality before law for these workers. ...Less
- Karnataka HC strikes down extension of PF benefits to international workers
Karnataka High Court rules EPF and EPS benefits for foreign workers in India unconstitutional under Artic ...More
Karnataka High Court rules EPF and EPS benefits for foreign workers in India unconstitutional under Article 14, making all related orders unenforceable. The Court made a decision regarding a group of appeals (Stone Hill Education Foundation vs The Union of India) that contested the validity of para 83 of the EPF Scheme and para 43A of the EP Scheme, which were applied to foreign workers in 2008. ...Less
- Change in EPS rule for calculating lump sum withdrawal amount on early exit: Who benefits, who loses?
Pension amount in EPS: The government via notification dated June 14, 2024 has revised the table used for ...More
Pension amount in EPS: The government via notification dated June 14, 2024 has revised the table used for calculating lump sum withdrawal amount. A member of Employees' Pension Scheme (EPS) can withdraw lump sum amount if he/she exit the scheme before completion of 10 years. Read on to know who gains and who loses from the new pension scheme rule. ...Less
- EPFO undertakes multiple systemic reforms to enhance ease of doing business; improve ease of living
EPFO rules: At a review meeting, chaired by labour secretary Sumita Dawra, EPFO said the number of auto t ...More
EPFO rules: At a review meeting, chaired by labour secretary Sumita Dawra, EPFO said the number of auto transfers generated by the retirement fund body has increased threefold from two lakh in April 2024 to six lakh in May 2024 while more than 25 lakh advance claims have been settled on auto mode. ...Less
- EPF account withdrawal rule changed: EPFO discontinues Covid-19 advance facility
During the Covid-19 pandemic, a non-refundable advance was provided to the EPF members during the outbrea ...More
During the Covid-19 pandemic, a non-refundable advance was provided to the EPF members during the outbreak of first wave of Covid-19 and another advance was also allowed in view of second wave ...Less
- Do EPF members suffer loss if interest payment is delayed by EPFO? Know how withdrawal works when interest credit is pending
Going by the trends seen in many previous years, though interest rate on EPF deposits for the financial y ...More
Going by the trends seen in many previous years, though interest rate on EPF deposits for the financial year 2023-24 was announced in February to be 8.25% however, the actual payment of interest into respective EPF accounts may take longer. Most EPF members have this concern whether they will lose out earning more interest due to this delay. We tell you how it works. ...Less
- EPF members can do KYC, correction in provident fund account online: Here is a step-by-step guide to do it
Correction in EPF details online: It may happen that an employee details such as name, gender, date of bi ...More
Correction in EPF details online: It may happen that an employee details such as name, gender, date of birth, father/mother's name etc. in the EPFO records are wrong. This may be due to spelling errors or wrong details mentioned in the EPF records. The EPFO has launched an online facility to correct KYC details online. Here is a step by step guide on how to use online KYC facility to correct details. ...Less
- New EPF rule on auto withdrawal claims under 68J; check details
EPF withdrawals: The Employees' Provident Funds Organisation (EPFO) has increased the qualifying limit of ...More
EPF withdrawals: The Employees' Provident Funds Organisation (EPFO) has increased the qualifying limit of Paragraph 68J claims for auto claims processing. EPF subscribers can apply for an advance under Paragraph 68-J of the EPF Scheme for their own and their dependents' medical expenses. ...Less
- How to check EPF balance through SMS: A step-by-step guide
How to check EPF balance through SMS: A step-by-step guide ...More
How to check EPF balance through SMS: A step-by-step guide ...Less
- The unintentional tax-saving investment that most salaried employees do
EPF as tax-saving investments: If you're a salaried employee and is/planning to opt for old tax regime fo ...More
EPF as tax-saving investments: If you're a salaried employee and is/planning to opt for old tax regime for current FY 2023-24, then Employees' Provident Fund (EPF) contribution is one tax-saving investments that happens automatically. Many people forget to account the tax-benefit available under Section 80C on EPF investments while evaluating the total tax saving investments. ...Less
- Wage ceiling under EPFO may be raised to ?21k
The government is contemplating enhancing the wage ceiling under the Employees' Provident Fund Organisati ...More
The government is contemplating enhancing the wage ceiling under the Employees' Provident Fund Organisation (EPFO) to at least ?21,000 from ?15,000 now to widen the social security coverage, a step towards achieving universal social security. ...Less
- Automatic EPF account transfer from old to new job: How EPFO's facility works
Automatic EPF account transfer: Employees Provident Fund (EPF) members can now automatically transfer the ...More
Automatic EPF account transfer: Employees Provident Fund (EPF) members can now automatically transfer their provident fund accounts from their old employer to new employer. However, this facility is available to certain EPF members only satisfying certain conditions. Read on to know to whom automatic EPF account transfer facility is available and how it works. ...Less
- EPF joint declaration: How many times can you make changes to member name, date of birth, marital status in EPF account
Making changes to EPF account: 11 parameters can be changed by an employee during his or her employment t ...More
Making changes to EPF account: 11 parameters can be changed by an employee during his or her employment to their EPF account. Here is a look at how many times one can make changes to each of these parameters. ...Less
- Steps to withdraw from EPF amount using Umang app
Steps to withdraw from EPF amount using Umang app ...More
Steps to withdraw from EPF amount using Umang app ...Less
- How to plan your income tax savings for FY25 using ELSS mutual funds?
Plan tax savings for FY25 with ELSS funds. Invest Rs 1.5 lakh early using lumpsum, SIP, or STP. Consider ...More
Plan tax savings for FY25 with ELSS funds. Invest Rs 1.5 lakh early using lumpsum, SIP, or STP. Consider various investment options for Section 80C benefits. ELSS offers higher returns than traditional options. ...Less
- EPF joint declaration: List of acceptable documents required to make corrections, updations in UAN profile
Correction, updations to EPF account: The Employees' Provident Fund Organisation (EPFO) has made changes ...More
Correction, updations to EPF account: The Employees' Provident Fund Organisation (EPFO) has made changes to the standard operating procedure (SOP) for collecting joint declarations to address inaccuracies in members' and employers' Universal Account Number (UAN) profiles. Here is a look at more details regarding making changes to one¡¯s EPF account¡¯s UAN profile. ...Less
- EPFO gives relief to these EPF members from submitting joint declaration form
EPFO Joint declaration form submission: EPF scheme rules require mandatory submission of this form if an ...More
EPFO Joint declaration form submission: EPF scheme rules require mandatory submission of this form if an EPF member wants to contribute on basic pay exceeding statutory limit of Rs 15,000 per month. The EPFO has also started sending SMSes to the EPF members to submit the joint declaration form as soon as possible. ...Less
- EPFO latest rules on submission of digital joint requests to increase EPF contribution
The Employees¡¯ Provident Fund Organisation (EPFO) subscribers who wish to contribute more than the statut ...More
The Employees¡¯ Provident Fund Organisation (EPFO) subscribers who wish to contribute more than the statutory limit must submit a joint request and permission under EPF Scheme, 1952, Paragraph 26(6). ...Less
- EPF interest rate hiked to 8.25% for FY 23-24; 4 ways to check your EPF balance
EPF interest rate for FY2023-24: The interest rate will be formally announced in the government gazette i ...More
EPF interest rate for FY2023-24: The interest rate will be formally announced in the government gazette if approved by the Ministry of Finance. EPFO will then credit the agreed rate of interest to its EPF subscribers' accounts. ...Less
- How to avoid rejection of EPF withdrawal claim; Steps provident fund member should take
EPF Withdrawal claim rejection: Many individuals are struggling to get their EPF money at the time of wit ...More
EPF Withdrawal claim rejection: Many individuals are struggling to get their EPF money at the time of withdrawal. The reason for rejection of their EPF claim is due to mismatch in the details available in the EPFO records as well as in the EPF account holders' PAN, Aadhaar or incomplete KYC records. Here is how the EPF claim rejection can be avoided. ...Less
- Govt notifies interest rate of 8.15% on EPF deposits
The Union government on Monday notified 8.15% as the interest rate on deposits under the EPF scheme for 2 ...More
The Union government on Monday notified 8.15% as the interest rate on deposits under the EPF scheme for 2022-23, as recommended by the retirement fund body¡¯s Central Board of Trustees in March this year. On Monday, EPFO also directed its field offices to credit the interest into the accounts of over 6 crore active members as of March 2023. Interest rate on PF accounts declared in March this year was marginally higher than the four-decade low of 8.1% declared by the government in 2021-22. ...Less
- Latest EPFO rules: How to unblock inoperative EPF account, settle claims
The EPFO has especially outlined the procedural complications involved in UAN generation/linking, KYC see ...More
The EPFO has especially outlined the procedural complications involved in UAN generation/linking, KYC seeding, blocking, unblocking, and paying claims for transaction-less accounts and inoperative Accounts. Let us take a look at what the EPFO SOP had to say about inoperative accounts. ...Less
- Why EPF e-passbook facility is still down; other ways to view your passbook
Users are unable to use the e-passbook service on the EPFO portal, which appears to be the result of a se ...More
Users are unable to use the e-passbook service on the EPFO portal, which appears to be the result of a server problem. ...Less
- EPF e-passbook facility down again
EPF subscribers have expressed concern because the e-passbook service has been down for a few days. Howev ...More
EPF subscribers have expressed concern because the e-passbook service has been down for a few days. However, members are not able to download their e-passbooks via the EPFO website or on the Umang app. ...Less
- Income Tax Bonanza in Budget 2024: Will FM Sitharaman make new tax regime attractive in Budget? Changes taxpayers want
Budget expectations 2024 of taxpayers: The Finance Minister, Nirmala Sitharaman, needs to make the new ta ...More
Budget expectations 2024 of taxpayers: The Finance Minister, Nirmala Sitharaman, needs to make the new tax regime more attractive to taxpayers while ensuring that key benefits are retained. These benefits, such as the exemption for House Rent Allowance, deduction for housing loan interest, and provident fund contributions for salaried individuals, have been crucial for tax planning.ax planning. ...Less
- Which investment is 100% tax-free: 3 tax-saving investment options for tax-free income
Tax-saving ideas: Particularly for individuals in higher income tax brackets, the taxability of investmen ...More
Tax-saving ideas: Particularly for individuals in higher income tax brackets, the taxability of investment returns becomes pivotal. Taxable returns are added to your income and subject to higher tax rates. ...Less
- EPF claim rejections: 8 reasons your EPF withdrawal claim can get rejected, how to avoid it
EPF withdrawal: Here are some of the common reasons why your claim could be rejected and solutions to avo ...More
EPF withdrawal: Here are some of the common reasons why your claim could be rejected and solutions to avoid the rejection. ...Less
- Extend deadline, says PSU representative on EPF board
Sobti, director general of Standing Conference of Public Enterprises (SCOPE), has pointed out that many c ...More
Sobti, director general of Standing Conference of Public Enterprises (SCOPE), has pointed out that many central PSUs have approached SCOPE regarding the difficulties members and pensioners are facing in the submission of the online forms. ...Less
- EPF Diwali gift for you: Govt starts crediting EPF interest for FY 2022-23 into provident fund accounts; how to check EPF balance
The Employees' Provident Fund Organisation (EPFO) has begun crediting interest into provident fund (PF) a ...More
The Employees' Provident Fund Organisation (EPFO) has begun crediting interest into provident fund (PF) accounts, according to a PIB statement from November 1, 2023. ...Less
- Today is the last day to apply for higher EPS pension
The deadline to apply for higher pension from Employees' Pension Scheme (EPS) is June 26, 2023 i.e., toda ...More
The deadline to apply for higher pension from Employees' Pension Scheme (EPS) is June 26, 2023 i.e., today. However, it may happen that you still haven't applied for the same or are unable to submit the application form due snags on the website. Then you must hurry up and submit the application form before the deadline expires tonight. ...Less
- PF member name can be corrected/updated in UAN profile
PF member name can be corrected/updated in UAN profile ...More
PF member name can be corrected/updated in UAN profile ...Less
- How NPS investment of Rs 50,000 can help you save more income tax
NPS deduction of Rs 50000: Under the old tax regime, an individual can claim additional deduction of Rs 5 ...More
NPS deduction of Rs 50000: Under the old tax regime, an individual can claim additional deduction of Rs 50,000 for NPS investment made. This deduction is available over and above Rs 1.5 lakh available under Section 80C of the Income Tax Act. With full utilisation of Section 80C and additional NPS investment, an individual can claim total deduction of Rs 2 lakh in a financial year. ...Less
- Crucial EPFO board meeting begins today; EPF interest rate for FY2022-23 likely to be announced by tomorrow
The Central Board of Trustees of the EPFO is holding a crucial two-day meeting commencing on Monday in th ...More
The Central Board of Trustees of the EPFO is holding a crucial two-day meeting commencing on Monday in the national capital to decide the EPF interest rate on the retirement corpus for 2022-2023. ...Less
- Women changing surname legally after marriage: Advantages, disadvantages
International Women's day 2024: Women in India commonly change their surnames after marriage. However, wh ...More
International Women's day 2024: Women in India commonly change their surnames after marriage. However, while making a change legally in all their official and other documents, there are certain pros and cons that must be considered. Changing surname in official documents entail huge one-time effort while providing lots of documents and affidavits. Read on to know the advantages and disadvantages of legally changing surname after marriage. ...Less
- LIC warns policyholders about offers to buy their current insurance policies
The life insurance behemoth has urged all policyholders to proceed with extreme caution before making any ...More
The life insurance behemoth has urged all policyholders to proceed with extreme caution before making any decisions about their policy that might compromise their family's risk coverage and financial stability. ...Less
- "Anyay-kaal": Congress' Jairam Ramesh slams Centre over rise in rejected EPF final settlement
Jairam Ramesh, Congress General Secretary, criticized the Centre for a reported increase in rejection rat ...More
Jairam Ramesh, Congress General Secretary, criticized the Centre for a reported increase in rejection rates of Employees Provident Fund (EPF) final settlements, citing it as a manifestation of the "anyay kaal" (era of injustice) of the last decade. He highlighted rising rejection rates, reaching 34%, and attributed the issue to the mismanaged shift to an online claims processing system, causing stress for workers. ...Less
- EPF account: How to link your new mobile number with EPF UAN
Employees PF balance and notifications regarding employer contributions will be sent to the registered mo ...More
Employees PF balance and notifications regarding employer contributions will be sent to the registered mobile number. If you don¡¯t have your previous number with you, in that case you will have to register mobile number with Aadhaar. ...Less
- Employers can log in to EPF portal to check on liabilities
The Employees' Provident Fund Organisation (EPFO) in India has introduced automated solutions for damages ...More
The Employees' Provident Fund Organisation (EPFO) in India has introduced automated solutions for damages and interest calculations to improve the ease of doing business for employers. This will enable employers to check their liability towards the retirement fund body every time they log in to their EPF portal. ...Less
- New enrollment in EPF and ESIC hit over three-month high; NPS declines
The average new additions in the third quarter of the fiscal were still lower than in the first half of t ...More
The average new additions in the third quarter of the fiscal were still lower than in the first half of the year, given the easing of economic activity. Experts estimate that growth likely eased below 7% in Q3FY24, compared with 7.7% average for the first half of the year. ...Less
