Tue, Aug 22, 2023
EPFO decides the interest rate for every financial year for EPF scheme and the interest amount is credited to the account annually. Currently, the EPF interest rate stands at 8.15 per cent annually. As per the trends in recent years, NPS offers 9 to 12 per cent return per annum on investments.
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Mon, Jul 10, 2023
Pension Payment Order is important for pensioners as it’s important to track all transactions under Employees’ Pension Scheme (EPS). PPO number can be received immediately after a pensioner applies for it through the member sewa portal of the EPFO. If lost, the PPO can be obtained by following a few simple steps.
Sat, Dec 31, 2022
Provident Fund Rule, New PF Rule, Provident Fund Rule 2023, PF Rule 2023: The Employees Provident Fund Organisation (EPFO) will be allowing eligibile suscribers to opt for higher pension in accordance with the Supreme Court order on November 4, 2022.
Mon, Sep 26, 2022
EPS 1995: Can a member of the Employees’ Provident Fund Organisation (EPFO) who has availed reduced pension at the age of 50 get his full pension after attaining 58 years of age. As per the rules of EPFO, once the pension is sanctioned, it cannot be altered
Tue, Sep 06, 2022
Retirement fund body EPFO is in favor of increasing the retirement age of employees. It has said that the retirement age must be change with the view of life expectancy. It has argued that the pension system could be made more robust if the retirement image of the employee is increased
Tue, Aug 16, 2022
EPFO Forms for different needs: Form 10C, Form 10D, Form 13, Form 2, Form 11 - all you need to know about them
Thu, Aug 04, 2022
The pension contribution by an account holder of the Employees’ Provident Fund Organisation (EPFO) is a diversion from the employer’s share of Provident Fund (PF). There is no contribution towards pension from the employee.
Wed, Aug 03, 2022
EPFO is one of the World's largest Social Security Organisations in terms of clientele and the volume of financial transactions undertaken. At present it maintains 24.77 crore accounts (Annual Report 2019-20) pertaining to its members
Thu, Jul 21, 2022
In case, employer fails to carry out his obligations, the account holder has a remedy that he can avail. EPFO can invoke penal provisions of the Act to recover dues from employer. Complain can also be lodged with the police under section 406/409 of IPC by EPFO for action against such employers
Tue, Jul 19, 2022
EPFO Taxability: A member with the Employees’ Provident Fund Organsiation (EPFO) is liable to pay TDS (Tax Deducted at Source) on withdrawal of his Employees’ Provident Fund (EPF) if his term of service is less than five years and the accumulated amount in the his EPF account exceeds Rs 50000
Tue, Nov 02, 2021
Chadha shares tax-benefit investments such as Public Provident Fund, National Pension Scheme, Employees Provident Fund, Sukanya Samridhi Schemes, Senior Citizens Saving Schemes
Mon, May 10, 2021
Since the outbreak of the coronavirus pandemic, lots of people have lost their job while several others income declined. On the other hand, the expenses have increased owing to medication and health reasons. To tackle the funding crunch many Provident Fund (PF) subscribers are withdrawing their investments.
Thu, May 06, 2021
As soon as people start earning, they try exploring various savings and investment schemes. The salaried class of the country contribute a part of their salary towards the Employees' Provident Fund (EPF) which is a popular savings scheme introduced by the Employees' Provident Fund Organisation (EPFO).
Wed, Mar 03, 2021
EPFO or Employees' Provident Fund Organisation has introduced the Universal Account Number (UAN) for all EPFO members. This UAN is a 12-digit number that each EPF passbook or EPF account holder is allotted. This UAN remains constant throughout an employees’ professional life.
Tue, Feb 02, 2021
Union Finance Minister Nirmala Sitharaman on Monday announced the Budget 2021, her third budget overall. The Finance Minister kept the income tax slab intact, much to the disappointment of the common man. However, she also made an announcement regarding the interest earned on provident funds
Thu, Dec 31, 2020
In a good news for Employees' Provident Fund Organisation subscribers, EPFO has credited 8.50% interest amount to the PF account holders.
Sat, Dec 26, 2020
Employment Provident Fund (EPF) is a scheme under which an employee pays a certain contribution of his/her salary towards the scheme and an equal contribution is paid by the employer
Fri, Aug 14, 2020
One of the biggest challenges for subscribers of the Employees' Provident Fund Organisation (EPFO’s) is to get their EPF claim amount, after switching jobs or post retirement. The Unified Mobile Application for New-age Governance (UMANG) can make life easier for the subscribers of the retirement benefit fund.
Wed, May 13, 2020
The coronavirus outbreak has put a lot of people in a tricky spot. Several companies have been forced to put salaries on hold while those who were self-employed have no source of income left with most businesses shut during lockdown.
Wed, Feb 05, 2020
Provident Fund mistake: Employees' Provident Fund Organisation allows all salaried employees to make corrections in their PF accounts. Here is how.
Mon, Jan 27, 2020
Any salaried employee who is making a contribution towards Employees' Provident Fund is a member of the Employees’ Provident Fund Organisation or EPFO - the body which manages the government backed savings scheme.
Thu, Jan 09, 2020
EPF Passbook: Employees' Provident Fund Organisation (EPFO) has a set of rules that each and every EPF member must follow, especially while switching jobs.
Wed, Jan 08, 2020
Provident Fund Update: If you are a salaried employee, chances are that a part of your salary will be going towards provident fund. The service allows salaried employees to save their money, let it grow and even save tax on the amount earned.
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