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Central Board Trustees EPF recommends 8.15% rate of interest to EPF subscribers for FY2022-23

March 31, 2023 pcadmin Leave a Comment

Central Board Trustees EPF recommends 8.15% rate of interest to EPF subscribers for FY2022-23 The 233rd meeting of Central Board of Trustees, EPF was held today in Delhi under the Chairmanship of Shri Bhupendra Yadav, Union Minister for Labour & Employment and Environment, Forest & Climate Change. The Vice-Chairmanship of Shri Rameshwar Teli, Union Minister of … [Read more...] about Central Board Trustees EPF recommends 8.15% rate of interest to EPF subscribers for FY2022-23

Contribution of employees and EPF – Lok Sabha QA

March 17, 2022 pcadmin Leave a Comment

Contribution of employees and EPF – Lok Sabha QA GOVERNMENT OF INDIAMINISTRY OF LABOUR AND EMPLOYMENT LOK SABHA UNSTARRED QUESTION NO. 2024TO BE ANSWERED ON 14.03.2022 CONTRIBUTION OF EMPLOYEES AND EPF T 2024. SHRI NIHAL CHAND:Will the Minister of LABOUR AND EMPLOYMENT be pleased to state: (a) the details of the contribution of basic salary of employees under … [Read more...] about Contribution of employees and EPF – Lok Sabha QA

E-nomination important for Employees Provident Fund

September 1, 2021 pcadmin Leave a Comment

E-nomination important for Employees Provident Fund Amid the Covid-19 pandemic, many cases have been observed where the dependents of the PF account holder had to encounter problems in the claim settlement process due to the non-filing of nomination in the respective accounts. It is important to note that, giving a nomination is utmost important for any saving scheme. Earlier … [Read more...] about E-nomination important for Employees Provident Fund

Rate of Interest for the EPF Members Account for the year 2019-20

January 5, 2021 pcadmin Leave a Comment

Rate of Interest for the Employees’ Provident Fund Members Account for the year 2019-20 No. INV- INV-11/1/2020-INV/2025 To All Regional Provident Fund Commissioners, Officers-In-Charge, Regional offices. Date: 04 JAN 2021 Sub: Declaration of Rate of Interest for the Employees’ Provident Fund Members Account for the year 2019-20 – regarding Sir, The Ministry of Labour … [Read more...] about Rate of Interest for the EPF Members Account for the year 2019-20

Cabinet approves the proposal to extend the EPF contribution 24% for another three months

July 8, 2020 pcadmin Leave a Comment

Cabinet approves the proposal to extend the EPF contribution 24% (12% employees share and 12% employers share) for another three months from June to August 2020 under PMGKY/AATMANIRBHAR BHARAT The Union Cabinet chaired by the Prime Minister Shri Narendra Modi today has given its approval for extending the contribution both 12% employees' share and 12% employers' share under … [Read more...] about Cabinet approves the proposal to extend the EPF contribution 24% for another three months

Govt plan to allow EPF-NPS portability may be junked

December 9, 2019 pcadmin Leave a Comment

Govt plan to allow EPF-NPS portability may be junked Government plan to make NPS an alternative to EPF seen as risky and controversial That EPF and NPS are not alternatives to each other will be made public formally this week The National Pension System (NPS) will not be an alternative to the Employees’ Provident Fund (EPF), as the government is set to junk its … [Read more...] about Govt plan to allow EPF-NPS portability may be junked

EPF amount in public limited companies

December 2, 2019 pcadmin Leave a Comment

EPF amount in public limited companies Employees’ Provident Fund Organization (EPFO) is investing in Exchange Traded Funds (ETFs) based on Nifty 50, Sensex, Central Public Sector Enterprises (CPSEs) and Bharat 22 Indices. EPFO does not invest in shares and equities of individual companies. The total amount invested by EPFO in ETFs as on September, 2019 is   Rs. 86,966 … [Read more...] about EPF amount in public limited companies

Amendment in the Employees Provident Funds & Miscellaneous Provisions Act, 1952

September 9, 2019 pcadmin Leave a Comment

Amendment in the Employees Provident Funds & Miscellaneous Provisions Act, 1952 No.S-35012/5/2017-SS-II Government of India Ministry of Labour and Employment Shram Shakti Bhawan, New Delhi Dated the 23rd August, 2019. Subject: Amendment in the Employees’ Provident Funds & Miscellaneous Provisions (EPF and MP) Act, 1952 – regarding. The Ministry of Labour and … [Read more...] about Amendment in the Employees Provident Funds & Miscellaneous Provisions Act, 1952

State Wise Details of EPF Pensioners

July 11, 2019 pcadmin Leave a Comment

State Wise Details of EPF Pensioners The details of number of pensioners under Employees’ Pension Scheme, 1995 across the country, State/UT-wise during June, 2019 along with pension amount paid are given below: STATE/UT-WISE PENSIONERS AND PAYMENT (As on June, 2019) SI No. State Total pensioners in June, 2019 Total payment in June, 2019 (Rs.) 1 Andhra … [Read more...] about State Wise Details of EPF Pensioners

Transfer old EPF balance when changing jobs

June 10, 2019 pcadmin Leave a Comment

Transfer old EPF balance when changing jobs The interest on the balance in an earlier EPF account becomes taxable if you don’t transfer the corpus to your EPF account with the new employer If you transfer the balance in your old EPF account to the new one, the interest on the earlier corpus will also become tax-free   Are you an EPF member and have changed … [Read more...] about Transfer old EPF balance when changing jobs

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