EPFO shows much better improvement
The number of contributing members to Employee Provident Fund Organisation (EPFO) has crossed 4.00 crore as on 17.08.2013. Similarly, number of establishments covered under EPF & MP Act, who are contributing and filing their return through electronic system has increased to 4 lakh. EPFO also distributed pension to more than 44 lakh pensioners during July,… Read More
Tags: Central Provident Fund, Digital signature, Employee Provident Fund, Employees' Provident Fund Organisation of India, Employment, EPF, EPFO, July 2013
Data of Members under EPFO on Web Facility
Employees™ Provident Fund Organisation (EPFO) has date of birth details for more than 4 crore members out of a total members of 8.87 crore as on 01.08.2013. Web facility has been provided to the Employers to upload the date of birth details of all employees. Further, Field Offices of EPFO have been directed to ask… Read More
Tags: Employee Provident Fund, Employees' Provident Fund Organisation of India, EPF, EPFO, ESIC, Insurance, Lok Sabha, Passbook
EPFO to give Priority to timely Settlement of Claims for Provident Fund
Union Labour & Employment Minister Shri Sis Ram Ola has emphasized that the Employee Provident Fund Organization (EPFO) must give priority to timely settlement of claims for provident fund. In a meeting with the senior officers of EPFO the minister has also emphasized that due to improvement and availability of technology, the citizen rightly expects… Read More
Tags: Bharuch, Employee Provident Fund, Employees' Provident Fund Organisation of India, EPFO, Gurgaon, Human settlement, Noida, Surat
Revised Online Transfer Claim Form For EPFO
Union Labour & Employment Minister Shri Sis Ram Ola today released Revised Transfer Claim form for EPFO beneficiaries marking this as first step towards launch of online Transfer Claim facilities here in New Delhi. The revised form will have the following salient features: ¢ The form will be called Transfer Claim Form instead of Form 13… Read More
Tags: Employee Provident Fund, Employees' Provident Fund Organisation of India, Employment, EPFO, Hon, Ministry of Labour & Employment, New Delhi, Union Labour
CLR Important | Employees Provident Fund Organization proposes radical changes in Provident Fund Coverage
The Employees Provident Fund Organization(EPFO) readying to re-notify a new definition of "compensation" that will include all allowances. Currently, employers contribute only 12% of the basic salary and dearness allowance, which in fact is not paid by most companies currently, towards their share of "matching" provident fund and the Employees Pension Scheme contribution. Hence, for several thousands of employees,… Read More
Tags: Business, Dearness Allowance, Employee Provident Fund, Employees' Provident Fund Organisation of India, Employment, EPFO, Salary, Tax credit
Govt initiatives for providing details to PF Account Holders
There are no dormant accounts in Employees™ Provident Fund Organisation (EPFO). However, as per provision of para 72(6) of the Employees™ Provident Funds (EPF) Scheme, 1952, a member™s account under certain condition is classified as Inoperative Account. All such Inoperative Accounts have a definite claimant. As per Para 73(1) of the EPF Scheme, 1952, a… Read More
Tags: Employee Provident Fund, Employees' Provident Fund Organisation of India, Employment, EPF, EPFO, Inoperative Account, Provident Fund Organisation, Rajya Sabha
EPFO to appoint Fund Manager to manage its 3 Lacs crore corpus
Employees Provident Fund Organisation (EPFO) is in the process of appointing multiple fund managers for manging its funds for a three year period beginning July 1. The meeting of the committee to recommend the appointment of the fund managers for EPFO to its trustees is likely to be held next week where the panel would… Read More
Tag: EPFO
FAQ’s on Special Provisions for International Workers under Provident Fund
1) Who is an International Worker? An International worker may be an Indian worker or a foreign national. - Any Indian employee working or having worked abroad in a country with which India has entered into a Social Security Agreement (SSA); OR - Any foreigner working in India in an establishment where the Employees Provident… Read More
Tags: EPFO, PF for International Workers