Wed, Dec 04, 2024
The total amount in the investment corpus of the Employees' Provident Fund Organisation (EPFO) more than doubled in the past five years to Rs 24.75 lakh crore in the financial year 2023-2024 from Rs 11.1 lakh crore 2019-20, according to official figures.
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Sat, Nov 16, 2024
The Employees' Provident Fund Organisation (EPFO) has played a pivotal role in providing social security and financial stability to millions of members across the country, Union Minister for Labour and Employment, Dr Mansukh Mandaviya, has stressed.
Mon, Jul 01, 2024
EPFO: An employee can contribute up to 12 per cent of their basic salary and dearness allowance (DA) to their EPF account. The employer also contributes an equal amount, but its amount is distributed in two parts. While 3.67 per cent of it goes into the EPF account, 8.33 per cent goes to the Employee Pension Scheme (EPS) account. The EPF offers a lot of tax benefits. Deposits up to Rs 1.50 lakh in a financial year are tax-exempt under Section 80C of the Income Tax Act.
Tue, Dec 28, 2021
Incidents of illegal money withdrawal from Employees' Provident Fund Organisation (EPFO) accounts have been coming to the fore from different parts of the country, In the last few months, over the last few months.
Wed, Nov 10, 2021
Universal Account Number (UAN) is 12-digit number used by the employee to check PF account balance and other details related EPF.
Tue, Nov 09, 2021
To log in on the EPFO portal one will have to provide their credentials that is Universal Account Number (UAN) and password.
Thu, Sep 30, 2021
UAN is 12-digit number provided to each member of EPFO and acts as an umbrella for the multiple Member IDs allotted to an individual.
Tue, Sep 07, 2021
EPFO has given some advice to its subscribers. The organisation believes that whenever the employee leaves or resigns from his job and joins another job, he should get his old PF account transferred completely to the new employer.
Mon, Aug 30, 2021
Linking EPF-Aadhaar will become mandatory for Employees Provident Fund (EPF) account from September 2021, failing to which can lead to discontinuation of recruiter's contribution in one's PF account.
Tue, Aug 03, 2021
Filing of e-nomination helps in getting PF, Pension (EPS) and insurance (EDLI) benefits easily on member's death.
Mon, Jul 26, 2021
Now, one can submit EPF/EPS nomination online by following some simple steps. For more details, one can login to the official EPFO website at epfindia.gov.in.
Fri, Jul 23, 2021
The EPFO has informed that the EPF members can now avail non-refundable advance in case of unemployment.
Mon, Jun 07, 2021
Do you have a Universal Account Number (UAN) but don’t know what it is? Then there is nothing to worry about as the Employees' Provident Fund Organisation (EPFO) has informed about the simple steps which can be used to know the UAN.
Wed, Apr 24, 2019
A timely increase in the PF contribution can help you have double the PF amount at the time of retirement. This is surely, a great benefit, but there is more to this story than just that.
Fri, Jan 18, 2019
Under the scheme, the government is paying full employers' contribution of 12 per cent (towards EPF and Employees' Pension Scheme both), for a period of 3 years.
Thu, Aug 30, 2018
Retirement fund body EPFO has allowed enrolment of new members without Aadhaar in Assam, Meghalaya and Nagaland, on account of low penetration of the 12 digit unique identity number in these states.
Thu, Apr 27, 2017
Now, the subscribers can seek fund withdrawal from their EPF account on various grounds by using a composite form along with a self-declaration.
Wed, Apr 19, 2017
EPF and tax-saving fixed deposits both earn a tax break of up to Rs 1.5 lakh under Section 80C of the Income Tax Act.
Sun, Apr 16, 2017
According to EPFO estimates, the fund will see a surplus after providing 8.65% interest rate for the last fiscal.
Wed, Apr 12, 2017
EPFO has also extended the deadline for submitting digital life certificates for its over 50 lakh pensioners till April 30 to link pension accounts with Aadhaar.
Fri, Apr 07, 2017
Presently, the employees who are earning up to Rs 25,000 a month have to mandatorily contribute 12% of their basic salary to EPFO and social scheme security.
Mon, Dec 19, 2016
The Labour Ministry wanted to retain 8.8% for the current fiscal as well.
Wed, Aug 17, 2016
Retirement fund body, EPFO stated that its members will soon be able to mortgages their Provident Fund (PF) accounts for home loans. Employees Provident Fund Organisation (EPFO) expects to garner more returns through investment in home loans.
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