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Employees' Provident Fund Organisation (EPFO)

EPFO investment corpus doubles to Rs 24.75 lakh crore in 5 years

EPFO investment corpus doubles to Rs 24.75 lakh crore in 5 years

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.

EPFO playing key role in providing social security, financial stability to millions: Union Minister

EPFO playing key role in providing social security, financial stability to millions: Union Minister

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.

EPF Calculator: What will be maturity amounts on basic salaries of Rs 20,000, Rs 30,000 and Rs 40,000?

EPF Calculator: What will be maturity amounts on basic salaries of Rs 20,000, Rs 30,000 and Rs 40,000?

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.

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Watch top 5 stories of the day; From attack in Munich to EPFO subscribers likely to get cheaper home loans soon

Watch top 5 stories of the day; From attack in Munich to EPFO subscribers likely to get cheaper home loans soon

Sat, Jul 23, 2016

Zee Business brings you the most important stories of the day that will help you shape your market strategies and keep you informed with the latest developments. Top five stories of the day: 1. Munich attack: 10 killed in 'Shooting Rampage'

Watch top 5 stories of this night; From Vedanta's revision of merger terms with Cairn India to rail commuters to get Rs 10 lakh insurance at Re 1

Watch top 5 stories of this night; From Vedanta's revision of merger terms with Cairn India to rail commuters to get Rs 10 lakh insurance at Re 1

Fri, Jul 22, 2016

Zee Business brings you the most important stories of the day that will help you shape your market strategies and keep you informed with the latest developments. Top five stories of this night: 1. Vedanta revises terms for merger with Cairn India

Good news for pension holders! EPFO may hike minimum pension by 20%

Good news for pension holders! EPFO may hike minimum pension by 20%

Tue, Jun 28, 2016

Minimum pension likely to be raised to Rs 1,250, the report added.

No tax will be deducted for PF withdrawals of up to Rs 50,000 from June 1

No tax will be deducted for PF withdrawals of up to Rs 50,000 from June 1

Mon, May 30, 2016

TDS shall not be deducted in case of transfer of PF from one account to another PF account.

Bandaru Dattatreya to pitch for raising EPFO's investment in stocks

Bandaru Dattatreya to pitch for raising EPFO's investment in stocks

Tue, May 24, 2016

Dattatreya said the National Career Service (NCS) Project with the aim to bring job seekers, employers and training providers on a common platform.

EPFO disbursed Rs 47,000 crore as member benefits in 2015-16

EPFO disbursed Rs 47,000 crore as member benefits in 2015-16

Mon, May 16, 2016

EPFO is likely to consider and approve a proposal to provide life insurance cover to its subscribers for three years.

Govt to hold talks to with Labour Ministry on proposed social security, labour codes today

Govt to hold talks to with Labour Ministry on proposed social security, labour codes today

Mon, May 02, 2016

The Labour Ministry is in the process of converting 44 laws into four codes -- Industrial Relations, Wages, Social Security and Safety -- to simplify existing labour rules.

Trade unions to hold day-long protest today on lowering of EPF interest rate

Trade unions to hold day-long protest today on lowering of EPF interest rate

Fri, Apr 29, 2016

The trade unions including Indian National Trade Union Congress (INTUC), All India Trade Union Congress (AITUC), Centre of Indian Trade Unions (CITU) and All India United Trade Union Centre (AIUTUC) will join the protest.

Finance Ministry defends lower EPF rate, cites lower earnings of EPFO

Finance Ministry defends lower EPF rate, cites lower earnings of EPFO

Wed, Apr 27, 2016

A Finance Ministry source said the decision was based on "pure arithmetic calculation" and is aimed at ensuring sustainability of the EPFO.

Arun Jaitley lowers EPF rate to 8.7% for FY16; trade unions protest

Arun Jaitley lowers EPF rate to 8.7% for FY16; trade unions protest

Tue, Apr 26, 2016

Trade unions including RSS-backed Bharatiya Mazdoor Sangh (BMS) have lodged their protest against the Finance Ministry's decision of lowering the interest rate approved by the Central Board of Trustees (CBT).

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