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
EPF amount in public limited companies
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
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
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
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