Relaxation in EPFO schemeThe Government proposes to relax/amend the Employees' Provident Fund Scheme to enable loss-making and sick PSUs to continue to run their own Provident Fund Trusts. The proposal is being examined in consultation with Central Board of Trustees, Employees’ Provident Fund. The said relaxation will not be applicable to the private firms and their … [Read more...] about Relaxation in EPFO scheme
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EPFO
Government raises provident fund interest rate to 8.8% for 2015-16
Government raises provident fund interest rate to 8.8% for 2015-16 In the third roll-back in two months, the government today raised the interest rate on employee provident fund (EPF) contributions to 8.8 per cent for 2015-16 against 8.7 per cent approved by the Finance Ministry last week. Labour Minister Bandaru Dattatreya announced the decision to raise interest rate on … [Read more...] about Government raises provident fund interest rate to 8.8% for 2015-16
New EPF withdrawal norms put on hold for 3 months
New EPF withdrawal norms put on hold for 3 monthsEPF withdrawal norms put on hold till July 31st 2016 – Earlier, with the consent of Trade Unions and with the intention of promoting a decent accumulation of provident fund in members account Partial withdrawal was proposed to be disallowed The Govt puts on hold new Provident Fund withdrawal norms till July 31. New PF … [Read more...] about New EPF withdrawal norms put on hold for 3 months
New EPF Rules to Come into Force after April 30
New EPF Rules to Come into Force after April 30 On Feb 10, 2016, the ministry of labour and employment made sweeping changes in the EPF rules restricting the withdrawal of EPF corpus. EPFO rules restricting withdrawal of employees’ provident fund will come into force after April 30. New EPF Rules to Come into Force after April 30 – The government has deferred the … [Read more...] about New EPF Rules to Come into Force after April 30
Organizational Restructuring of EPFO Approved to Address Career Progression of Over 20000 Officials
Organizational Restructuring of EPFO Approved to Address Career Progression of Over 20000 Officials Inoperative EPF Accounts that Stopped Earning Interest in 2011, Now to Earn Interest W.E.F. 01.04.2016 Software Module for Disbursal of Salaries to EPFO Launched EPFO’s highest decision making body, the Central Board of Trustees methere last evening . This was its 212th … [Read more...] about Organizational Restructuring of EPFO Approved to Address Career Progression of Over 20000 Officials
EPFO settles 104.38 lakh claims in the current fiscal CBT, EPF recommended 8.8% rate of interest for the year 2015-16
EPFO settles 104.38 lakh claims in the current fiscal CBT, EPF recommended 8.8% rate of interest for the year 2015-16 Simplified Pension Claim Form 10D (UAN) and single page Pension Payment Order (PPO) under Employees’ Pension Scheme, 1995 unveiled New Delhi: While taking stock of the performance of EPFO in the month of February 2016, Dr V.P. Joy, the newly appointed … [Read more...] about EPFO settles 104.38 lakh claims in the current fiscal CBT, EPF recommended 8.8% rate of interest for the year 2015-16
Filling up the post of Financial Adviser and Chief Accounts Officer in EPFO
Filling up the post of Financial Adviser and Chief Accounts Officer in EPFO - reg. MINISTRY OF LABOUR & EMPLOYMENT SHRAM SHAKTI BHAVAN NEW DELHI - 110001 D.O. No. A-12026/05/2015-SS.1 February 17, 2016 Dear Secretary, Employees Provident Fund Organization is an autonomous body under the Ministry of Labour & Employment. The financial/ accounts matter in the EPFO … [Read more...] about Filling up the post of Financial Adviser and Chief Accounts Officer in EPFO
Clarification about Changes made in the Tax Treatment for Recognised Provident Fund & National Pension System (NPS)
Clarification about Changes made in the Tax Treatment for Recognised Provident Fund & National Pension System (NPS) There seems to be some amount of lack of understanding about the changes made in the General Budget 2016-17 in the tax treatment for recognised Provident Fund & NPS. The following clarifications are given in this matter:- (i) The purpose of this … [Read more...] about Clarification about Changes made in the Tax Treatment for Recognised Provident Fund & National Pension System (NPS)
Measures for moving towards a pensioned society
Measures for moving towards a pensioned society While presenting the General Budget 2016-17 in Lok Sabha today, the Union Finance Minister Shri Arun Jaitley said that pension schemes offer financial protection to senior citizens. He proposed to make withdrawal up to 40% of the corpus at the time of retirement tax exempt in the case of National Pension Scheme(NPS). In case of … [Read more...] about Measures for moving towards a pensioned society
Cashless health insurance for elderly likely in Budget
Cashless health insurance for elderly likely in Budget Government is working on a cashless health insurance scheme for senior citizens which may be announced in the upcoming Union Budget 2016-17. Around Rs 10,000 crore – lying unclaimed in banks and insurance companies, EPFO and small savings schemes — would be utilised for providing the health insurance cover to the … [Read more...] about Cashless health insurance for elderly likely in Budget
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