Once an individual starts his career by taking up employment in any of the PF registered organizations, an employee would be registered for PF purposes and both employee and employer contributions to the employee’s PF funds. It’s common to switch jobs for various reasons with or without break. In such scenarios, what happens to the […]
It has been seen that a lot of EPF members are having problems in seeding Aadhaar with their UAN as there’s a mismatch in name, DOB or Gender between Aadhaar data and UAN data. Now, for changing this request can be given online by members and an employer can online forward the request to the […]
The EPFO has come up with an online withdrawal facility, which has made the entire process more comfortable and less time-consuming. Prerequisites To apply for the withdrawal of EPF online through the EPF portal, make sure that the following conditions are met: The UAN should be activated, and the mobile number used for activating the […]
As the entire process related to epfo is now been done online UAN is important to operate the services online. The UAN is a 12-digit number assigned to every employee contributing to the EPF. It is generated and allotted by the (EPFO). The UAN of an employee remains the same throughout his life irrespective of […]
The Employees Provident Fund Organisation (EPFO) has directed the employers that ECR (Electronic Challan cum Return) is allowed only for those EPFO members whose account is Aadhaar seeded. The labour ministry amended this in Section 142 of the Code of Social Security 2020 to implement the new rule. The Employees Provident Fund (EPF) subscribers have […]
Atma Nirbhar Bharat Rojgar Yojana (Popularly Known as ABRY) launched on 1st October to encourage employers to create new employment opportunities for youth who were not employed in any PF covered establishment. This scheme is a part of social security benefits and restoration of loss of employment opportunities during the pandemic. Finance Minister Nirmala Sitharaman announced an extension of […]
Industrial Relations code – This will cover the existing standing order, Disputes and Trade unions act. Key Changes : The definition of worker will be based on the basis of wages being drawn by him and Worker / Employees with salary up to Rs 18,000 will fall under the category of worker. Employee can an […]
The Employees’ Provident Fund (EPF) is a scheme managed under the Employees’ Provident Funds and Miscellaneous Provisions Act, 1952, by the Employees’ Provident Fund Organisation. An employee has to pay a certain percentage from his pay and an equal amount is contributed by the employer, under EPF. The employee gets a lump sum amount (which […]
Over four crore members of the retirement fund body EPFO can now withdraw funds from their EPF account for the treatment of illness and purchasing equipment to deal with handicap without medical certificates. The Employees’ Provident Fund Scheme 1952 is amended to do away with the requirement of submission of various certificates and proformas for […]
EPF, ESIC to extend benefits to unorganised workers The government has decided to extend coverage under the Employees Provident Fund Act (EPF) and the Employees State Insurance Scheme ESIC to 40 crore unorganised workers in the country, Minister of State for Labour & Employment Bandaru Dattatreya said on Monday. Addressing the media on the achievements […]
Agreements with Banks for easy deposit & withdrawals of Epf from EPFO Contributions The Employees’ Provident Fund Organisation (EPFO) has tied up/entered into agreement with ten banks to collect EPFO dues and to make payments of Provident Fund (PF) withdrawals, pension and insurance to EPFO beneficiaries. These banks are State Bank of India, Punjab National […]
As per EPFO circular dated 1st September, the EPFO has cited that the India Japan SSA has become effective from 1st October 2016. As a result EPF/EPS contributions are not required to be deposited for Japanese expatriate coming to work in establishment covered under EPF & MP Act 1952. All Japanese expatriate workers working in […]
As per EPFO circular dated 3rd January 2018, EPFO has reiterated (the Supreme Court Judgment in the matter of Marathawada Gramin Bank Karamchari Sangathan and another Vs. Management of Marathawada Gramin Bank) and has directed that employers cannot be forced to contribute over and above the statutory wage ceiling in respect of their employees. However, […]
When you can EPF withdrawal One may choose to withdraw EPF completely or partially. EPF can be completely withdrawn under any of the following circumstances: a When an individual retires from employment b When an individual remains unemployed for a period of 2 months or more. Here, it needs a mention that the fact that […]