Epf

Friday, Apr 19, 2024 | Last Update : 09:54 PM IST

Govt implements cut in employees' provident fund contribution to 10% for May, Jun, July. (PTI Photo)

EPFO alert! Government implements cut in EPF contribution to 10% for May, Jun, July

Reduction in EPF contributions shall be applicable "in respect of wages payable by it for the months of May, June and July, 2020"

19 May 2020 3:19 PM

India's finance minister Nirmala Sitharaman. (PTI)

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Employees' Provident Fund contributions will be paid by government for next three months

14 May 2020 9:44 AM

At present, the EPFO is settling Provident Fund (PF) withdrawal claims at 8.55 per cent interest rate.

PF interest not credited? Know when you will get it

Central Board of Trustees (CBT) had approved 8.65 per cent interest rate for the last fiscal in February this year.

19 Sep 2019 12:24 PM

The finance ministry does not disagree with 8.65 per cent interest on EPF for 2018-19.

8.65 pc interest on EPF to be notified soon: Gangwar

EPFO had provided a five-year-low interest rate of 8.55 per cent to its subscribers for 2017-18.

30 Aug 2019 1:11 PM

Government takes further action under section 14 of the EPF and MP Act, 1952 for filing of prosecution cases against the defaulting employers.

EPFO recovers Rs 459 cr PF dues out of Rs 1,251 cr outstanding in 2018-19

The total backlog or outstanding provident fund dues of the EPFO during 2018-19 was Rs 791.63 crore.

17 Jul 2019 4:06 PM

A committee had earlier recommended increase of the minimum monthly member pension.

Consultation on for increasing minimum pension: Gangwar to LS

Increase in minimum pension for employees affiliated to EPF to Rs 2000 will cost the govt Rs 4,671 cr and Rs 11696 cr if hiked to Rs 3000.

24 Jun 2019 3:07 PM

"The DFS has approved the proposal subject to fulfilment of certain conditions related to efficient management of the retirement fund," the source said.

FinMin ratifies 8.65 per cent interest on EPF for 2018-19

Earlier in Feb, EPFO's apex decision making body Central Board of Trustees had decided to raise interest rate on EPF to 8.65 pc.

26 Apr 2019 6:22 PM

Apex court in its judgement has ruled that special allowance is part of the basic wages for computing the EPF.

PF litigations expected to come down after SC ruling: RPFC

Provident Fund balance transferred from one's ex-employer will become an automated process.

15 Mar 2019 12:39 PM

EPFO conducted a study and found out that a large number of firms were splitting their employees pay packages into numerous allowance to reduce their EPF liability.

EPFO to take action against firms not factoring allowance for EPF computation

Employer as well as employee pay 12 pc of basic wages each towards contribution for social security scheme run by EPFO.

02 Mar 2019 12:35 PM

The EPFO has proposed to move towards the centralized payment system using National Payments Corporation of India platform for payment to the beneficiaries. (Photo: PTI/Representational)

EPFO plans to use NPCI for beneficiary payment

The benefit of the proposed system is that the funds will be transferred on the same day to the beneficiaries through NPCI platform.

24 Nov 2017 3:13 PM

EPFO is a retirement fund body. (Photo: Representational/PTI)

How to check your EPF balance online or via missed call

Employees contribute 12 per cent on their salary to their provident fund account.

02 Sep 2017 1:54 PM

According to an analysis by the EPFO, there are 1,550 private PF trusts having total subscribers of over 82 lakh employees.

EPFO may bring 500 small private PF Trusts into its fold

At present, these trusts provide administrative charges of 0.18 per cent of the basic wages.

25 Jun 2017 2:00 PM

Coal strike over merger of CMPF and EPF put on hold for 3 months

The unions have been opposed to the merger of the Coal Mines Provident Fund (CMPF) with the Employees Provident Fund (EPF).

19 Jun 2017 10:03 AM

At present employer and employee contribute 24 per of basic wages.

EPFO may reduce PF contributions to 10 per cent

At present the employees' entire 12 per cent contribution is deposited into his EPF account.

26 May 2017 3:11 PM

Government generally ratifies the rate of return approved by the CBT.

Govt okays 8.65 per cent interest on EPF for FY17

EPFO is an autonomous body and provides interest on EPF deposits from its own income.

28 Apr 2017 2:33 PM

Now you can withdraw from EPFO corpus for treatment

EPFO has done away with need for certificates and proformas for seeking advance for treatment of illness.

27 Apr 2017 7:49 PM

Finance Ministry ratifies 8.65 per cent on EPF

Finance Ministry has been nudging the Labour Ministry to lower the EPF rate.

20 Apr 2017 1:25 PM

Once the Finance Ministry ratifies the rate of interest approved by the CBT, it is credited into the account of EPFO members for that particular financial year.

Finance Ministry okays 8.65 pc interest on EPF

Finance Ministry had last year also decided to lower the EPF interest rate of 8.8 per cent for 2015-16.

16 Apr 2017 12:20 PM

Govt to enable EPF members for housing scheme

Memebers can withdraw up to 90 per cent of their fund for making down payments while buying homes.

15 Mar 2017 4:14 PM

Left Front Legislature Party leader Sujan Chakraborty said that its decision to reduce the interest rates on provident fund deposits once again exposed Modi government’s anti-people face.

Modi government only for rich, not common man, says Sujan Chakraborty

TMC, Opposition united in criticism.

20 Dec 2016 3:42 AM

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