Employees Provident Fund – Deduction of TDS on withdrawal of PF
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
New Form 11 in EPF to replace existing Form 11
New Form 11 in EPF to replace existing Form 11 – New Form 11 will also replace Form 13 for existing member of the Provident Fund who makes a request for transfer of his fund availing the facility of UAN
DA to EPF Pensioners
As per the statistics available upto 31.03.2012, the number of pensioners receiving pension less than Rs. 500/- p.m. is around 12 lakh and those receiving more than Rs. 500 and less than Rs.1000/- is around 16.05 lakh. A number of representations have been received against meager pension and demanding increase in the pension. In order to address this issue, the Government of India constituted…
EPF Beneficiaries in the Country
As on 31.03.2012, total number of beneficiaries under Employees’ Pension Scheme 1995 are 41.03 lakhs and the amount of pension paid to these pensioners by the Employees’ Provident Fund Organisation (EPFO) is Rs. 4475.45 crores.
Employee Provident Fund interest may be hiked to 8.8%
The Employees’ Provident Fund Organisation is likely to add to the festive cheer by announcing an 8.8 per cent return on retirement savings for 2012-13, significantly higher than the 8.25 per cent set for the previous financial year.