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Are you planning to save your hard earned money and enjoy life after your retirement? Want to avail the benefits launched by the government? If yes, then prime minister Mr. Narendra Modi’s government scheme - Atal Pension Yojana (APY), is a considerable option. With APY an individual can invest Rs. 210 per month for 42 years and in return get Rs. 60,000; Or invest Rs....

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Most employees across India are subscribed to the Employees Provident Fund. A monthly deduction rom their salary along with the employers contribution is deposited in their Provident Fund account. Till now checking your PF balance has been a chore. Having considered this, EPFO has made it simpler to know EPF balance. Now, employees can inquire about their EPF account balance via just a missed call. The...

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On 22nd March, 2018; Rajya Sabha passed the Payment of Gratuity (Amendment) Bill. This important bill addresses significant concerns such as tax free gratuity as well as period of maternity leave. This key move by government is expected bring a surge of benefits for hundreds of people employed in public and private sector both. Currently, the existing tax free gratuity ceiling is Rs. 10 Lakh. Under...

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First enter UAN portal – select “Manage “option – Select “E-nomination “option Type the full address (as per aadhar) & save. Then select the Having Family option (Yes/No) & write as required & Save the family details. Then select the combo box for EPF nomination percentage & save EPF nomination. After that write the EPS nomination & save the EPS nomination option Then select the eSign option - Select...

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When an employee resigns from his job or has been terminated from his post, his employee provident fund (EPF) account continues to be running and earns an interest till he applies for withdrawal of the fund or takes up a new job. However, for an employee who has retired after 55 years, if he does not apply for withdrawal from his account or transfers the...

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UMANG (Unified Mobile Application for New-Age Governance) is one of the key initiatives under the Digital India program to develop and grow a common, unified platform and mobile app to facilitate a single point of access to all government services. Launched by the government, it is expected to act as a master app that would provide access to various government services at a single place...

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The Government of India has amended paragraph 38 of the Employees’ Provident Fund Scheme stating the ‘Mode of Payment of Contribution’. Prior to June 2016 this paragraph was amended whereby in addition to State Bank of India other nationalised banks were included. NOW by a Gazette of India Notification No. G.S.R.6(E) dated 4th January, 2017, paragraphs 38 and 48 of Employees’ Provident Fund Scheme have provided...

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The Employee’s Provident Fund Organisation of India (EPFO) has released version v2.0 of the PF ECR (Electronic Challan cum Return) which needs to be used effective immediately. The older version of the PF ECR is no longer accepted on the EPFO portal. The updated PF ECR requires the employer to enter Gross wages as well as PF wages. This could have important & far reaching implications. In...

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