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 […]
Employers can now file ECR without simultaneous payment of statutory contributions and can pay contributions later after filling the ECR. Timely Filling of ECR will help in credit of employer’s and employee’s share of contributions (totalling 24% of wages by Central Government) in EPF accounts of eligible employees in eligible establishments, under Pradhan Mantri Garib […]
Employees Provident Fund Organization (EPFO), a statutory body under Union Ministry of Labour and Employment, has put in place an electronic mechanism for crediting EPF and EPS accounts of its subscribers as per the package announced by the Union Government. Central Govt. had launched the Pradhan Mantri Garib Kalyan Yojana (PMGKY) on 26.03.2020 to help […]
Government of India will pay EPF contribution of both employer and employee (12 percent each) for the next three months so that nobody suffers due to loss of continuity in the EPFO contribution. This is for those establishments that have up to 100 employees and 90 percent of whom earn under ₹ 15,000 monthly wage. […]
Date of Filing Electronic Challan Cum Return (ECR) for Wage Month March, 2020 Extended Up to 15.05.2020 from 15.04.2020 #IndiaFightsCorona #EPFO #CoronavirusOutbreak #SocialSecurity
As covid-19 is declared as pandemic EPFO proposes to relax EPF withdrawal rules. According to the latest announcement by Finance Minister Nirmala Sitharaman, The following facilities have been introduced by EPFO for employees to face the financial troubles caused by the coronavirus pandemic and the nationwide lockdown until 14th of April 2020. Employee’s Provident Fund […]
Employees provident fund organisation has launched new facility i.e. Universal Account Number UAN for each of the provident fund / pension member. The idea is to link multiple member Identification Numbers allotted to a single member under single (Universal Account Number). For authenticating UAN, it’s mandatory to upload KYC of concerned member employee to tag […]
Updation of Date of Leaving by Member :- Sometimes employer does not update the date of leaving of the member. In such cases member is not able to transfer claim or final settlement claim. To overcome this problem a provision has been provided in the login of the so that member himself can update his […]
Now link Aadhaar account and Bank details with EPFO. At a time when fintech players and banks are vying to offer faster services to their customers, reduce paperwork, and move processes online for greater convenience, government bodies like the Employees’ Provident Fund Organisation (EPFO) too have realised that they need to change with the times. […]