Retirement fund body EPFO has decided to reduce the administrative charges to 0.65% of total wages of an employee from 1 April.
Having faced flak for the delays in claim settlements, the Employees’ Provident Fund Organisation (EPFO) has decided to introduce a single-page claim form.
Riding over concerns expressed by employee representatives on the board of the Employees’ Provident Fund Organisation (EPFO), the Labour Ministry has issued instructions to its fund managers to tap the enhanced window for equity investments immediately.
EPF Form 11 – New Declaration Form replaces existing Form No: 11 and also replace Form No.13 in all such cases where existing member to the Provident Fund makes a request for transfer of his fund availing the facility of UAN
An emergency meeting of Central Board of Trustees (CBT) of EPFO will be convened soon and a final decision on how much (increase in quantum of investments in ETF) percentage will be taken after taking opinion.
CITU press release on the recent amendments in EPFO and postponement of implementation
EPF interest rate for previous year was fixed at 8.75%. For the year 2015-16, interest for contribution made by employer and as well as Employee will 8.8%.
Supreme Court Order it is the responsibility of concerned agencies which collect Aadhaar numbers for delivery of services to ensure that Aadhaar number are not posted in the public Domain
EPF subscriptions can be made through Internet Banking relaxed till 30th June 2016 – The Central Government has made it mandatory for employers to pay statutory contribution electronically through Internet Banking only.
Employees Provident Fund Organisation EPFO has sent an email to the employers stating that "Pleae refer to EPFO circular dated 08.01.2016 available at EPFO website Circular Sl No.608. As per the above circular, EPFO has withdrawn the grace period of 5 days for depositing of contribution and administrative charges. This shall apply from February 2016. Please note that the dues for the month of Jan, 2016 are to be paid by 15th Feb 2016
EPFO has issued a letter stating the amendments to the EPS 1995 regarding eligible service under EPS
EPFO has amended the Section 192A of the IT Act 1961 on charging TDS on PF withdrawals
Employees Provident Fund – Deduction of TDS on withdrawal of PF – EPFO Circular for instructions to all Employers regarding amendment of Section 192A of Income Tax Act 1961
EPFO disagrees with Finance Ministry’s proposal to shift EPFO subscribers to NPS
Employee Pension Scheme run by EPFO to be merged with New Pension Scheme – But EPFO authorities want EPS to be alive