The Employees' Provident Fund Organisation (EPFO) is most likely to commence giving its recipients a decision to start withdrawing pension out from their account once they turn the age of 60, as compared to the 58-year maturity currently. The proposal for increasing the superannuation age was carried out by looking at various aspects. This proposal is expected to help the pension recipient grow his/her pension kitty....
Read MoreMost 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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A new app is being launched for the retired employee's fund body by the Employees Provident Fund Organisation (EPFO). The retired employees who are the members of EPFO will now be able to settle their claims like EPF withdrawal via a new mobile app called as UMANG. While conferring a written reply to Lok Sabha, The Labour Minister Bandaru Dattatreya said: “ The EPFO is developing...
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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...
Read MoreImportant decisions have been taken at the 208th Central Board of Trustees (CBT) meeting in Hyderabad, will benefit 40 million contributing members of the EPFO. "In a major decision, the Central Board of Trustees under the chairmanship of Bandaru Dattatreya, Union Minister for Labour & Employment enhanced the benefits under the Employees Deposit Linked Scheme 1976 admissible to dependents of EPF members from the present maximum...
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