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 […]
Labour law compliances are one of the mandatory aspects to comply with while forming an organization. Most of the organizations/enterprises have to comply with some of the compliances which are into their checklist. It’s proven that most of the entities do their labour law compliances manually, some may have opted to outsource the labour law […]
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 […]
Trustees of retirement fund body Emploment Provident Fund Organisation (EPFO) may approve a proposal tomorrow to reduce the mandatory contributions toward social security schemes run by it to 10 per cent for workers as well as employers. Presently, employees and employers contribute 12 per cent of basic wages each towards Employees Provident Fund Scheme (EPF), […]
When you move from one company to another, you need to transfer your Employee Provident Fund (EPF) as well. With the introduction of Unified Account Number (UAN) for EPFO subscribers, this process has become simpler as the account number remains unchanged. Here’s how to initiate the EPF transfer process online. Register on the EPF member […]
UMANG the mobile application on which Employees Provident Fund Organisation (EPFO) has been working which will allow members to stake claims to their Provident Fund account funds via their smartphones. The organisation has also worked on means that permit members to check their account balances and passbooks online. The UMANG (Unified Mobile App for New-age Governance) application, […]
Starting next month, your pf provident fund account will be transferred automatically when you change your job, the Times of India reported on Friday. Speaking to the national daily, Chief Provident Fund pf Commissioner V P Joy said: “We are trying to ensure transfer of money if one changes jobs, without any application, in three days. In future, if one has […]
You can now leverage up to 90% of your retirement savings parked in the Employees’ Provident Fund (EPF) account to have a house of your own. Under the new rules notified by the government, EPF members can make a one-time withdrawal or use their PF savings to make instalment payments for buying a flat or […]