NPS is more beneficial than EPF Is NPS better than EPF? The NPS is more complicated than EPF, but it may ensure a sufficient retirement kitty If there’s one investment option that has received generous tax breaks in the Budget, it is the National Pension System (NPS). In a watershed move, the Finance Minister has also announced that employees in the organised sector … [Read more...] about NPS is more beneficial than EPF
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EPF
EPF Claim settlement period reduced from 30 days to 20 days
EPF Claim settlement period reduced from 30 days to 20 days Press Information Bureau Government of India Ministry of Labour & Employment 19-December-2014 18:53 IST Shri Bandaru Dattareya chairs 205th meeting of Central Board of Trustees of EPF Claim settlement period reduced from 30 days to 20 days Union Minister of State (IC) for Labour & Employment, Shri … [Read more...] about EPF Claim settlement period reduced from 30 days to 20 days
Whether the Ministry has implemented the decision to increase the minimum Employees Provident Fund (EPF) Pensions?
Whether the Ministry has implemented the decision to increase the minimum Employees Provident Fund (EPF) Pensions? GOVERNMENT OF INDIA MINISTRY OF LABOUR AND EMPLOYMENT RAJYA SABHA UNSTARRED QUESTION NO-1183 ANSWERED ON-03.12.2014 Minimum EPF Pension 1183 . SHRI P. RAJEEVE Will the Minister of LABOUR AND EMPLOYMENT be pleased to state: (a)whether the Ministry has … [Read more...] about Whether the Ministry has implemented the decision to increase the minimum Employees Provident Fund (EPF) Pensions?
Salient Features of each of the Scheme under Shramev Jayate Programme: Lok Sabha Q&A
Salient Features of each of the Scheme under Shramev Jayate Programme: Lok Sabha Q&A GOVERNMENT OF INDIA MINISTRY OF LABOUR AND EMPLOYMENT LOK SABHA UNSTARRED QUESTION NO 178 ANSWERED ON 24.11.2014 SHRAMEV JAYATE PROGRAMME 178 . Scindia Shri Jyotiraditya Madhavrao, Galla Shri Jayadev Will the Minister of LABOUR AND EMPLOYMENT be pleased to state:- (a)whether … [Read more...] about Salient Features of each of the Scheme under Shramev Jayate Programme: Lok Sabha Q&A
Launching of Minimum Pension Scheme (Rs.1000) across 120 locations in India
Labour Minister Shri Tomar announces launch of Minimum Pension Scheme across 120 locations in India 37 Union Ministers to felicitate pensioners on September 30 The Union Minister of Labour & Employment, Steel and Mines, Shri Narendra Singh Tomar announced the launch of a guaranteed minimum pension of Rs 1000 per month under Employees’ Pension Scheme, 1995. Speaking to … [Read more...] about Launching of Minimum Pension Scheme (Rs.1000) across 120 locations in India
General Provident Fund (GPF) – Employee Provident Fund (EPF)
General Provident Fund (GPF) – Employee Provident Fund (EPF) The Provident Fund for Central Government employees is known as General Provident Fund (GPF). The scheme is not available for those who were appointed after 01.01.2014. They come under the newly formed National Pension Scheme. Salaried employees are eligible for Employee Provident Fund. Under this scheme, 12% of … [Read more...] about General Provident Fund (GPF) – Employee Provident Fund (EPF)
Minimum Monthly Pension and wage ceiling hiked by EPFO
Minimum Monthly Pension and wage ceiling hiked by EPFO Wage ceiling for EPF raised to Rs.15,000 The much-awaited minimum monthly pension of Rs.1,000 and a higher wage ceiling of Rs.15,000 for social security schemes run by retirement fund manager Employees’ Provident Fund Organisation (EPFO) will be implemented from September 1. The government’s decision to fix pension … [Read more...] about Minimum Monthly Pension and wage ceiling hiked by EPFO
Government okays salary cap hike for EPF; threshold for savings raised from Rs 6,500 a month to Rs 15,000
Government okays salary cap hike for EPF; threshold for savings raised from Rs 6,500 a month to Rs 15,000 NEW DELHI: Employees earning upto Rs 15,000 a month will soon come under the Employees' Provident Fund (EPF) net, with the Narendra Modi government approving a hike in the threshold for mandatory PF savings from Rs 6,500 a month to Rs 15,000. Though the Manmohan Singh … [Read more...] about Government okays salary cap hike for EPF; threshold for savings raised from Rs 6,500 a month to Rs 15,000
EPFO to decide PF interest rate on January 14
EPFO to decide PF interest rate on January 14 Retirement fund body Employees' Provident Fund Organisation (EPFO) will announce the interest rate on provident fund (PF) deposits for the current financial year on January 14 and may offer its over 5 crore subscribers a little more than 8.5 per cent provided in 2012-13. "The decision on interest rate on PF deposits for this … [Read more...] about EPFO to decide PF interest rate on January 14
EPFO shows much better improvement
EPFO shows much better improvement The number of contributing members to Employee Provident Fund Organisation (EPFO) has crossed 4.00 crore as on 17.08.2013. Similarly, number of establishments covered under EPF & MP Act, who are contributing and filing their return through electronic system has increased to 4 lakh. EPFO also distributed pension to more than 44 lakh … [Read more...] about EPFO shows much better improvement
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