The Government puts on hold new Provident Fund withdrawal norms till July 31. New PF withdrawal norms proposes to bar withdrawal of employer’s contribution to the provident fund corpus until the employee attains the age of 58 years. On the issue of new Provident Fund withdrawal norms, the government today decided to keep the implementation of new norms in abeyance for three … [Read more...] about Government puts on hold new Provident Fund withdrawal norms till July 31
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EPFO - Employees Provident Fund Organisation
New EPF Rules to Come into Force after April 30
New EPF Rules to Come into Force after April 30 On Feb 10, 2016, the ministry of labour and employment made sweeping changes in the EPF rules restricting the withdrawal of EPF corpus. EPFO rules restricting withdrawal of employees’ provident fund will come into force after April 30. New EPF Rules to Come into Force after April 30 – The government has deferred the … [Read more...] about New EPF Rules to Come into Force after April 30
Organizational Restructuring of EPFO Approved to Address Career Progression of Over 20000 Officials
Organizational Restructuring of EPFO Approved to Address Career Progression of Over 20000 Officials Inoperative EPF Accounts that Stopped Earning Interest in 2011, Now to Earn Interest W.E.F. 01.04.2016 Software Module for Disbursal of Salaries to EPFO Launched EPFO’s highest decision making body, the Central Board of Trustees methere last evening . This was its 212th … [Read more...] about Organizational Restructuring of EPFO Approved to Address Career Progression of Over 20000 Officials
EPFO settles 104.38 lakh claims in the current fiscal CBT, EPF recommended 8.8% rate of interest for the year 2015-16
EPFO settles 104.38 lakh claims in the current fiscal CBT, EPF recommended 8.8% rate of interest for the year 2015-16 Simplified Pension Claim Form 10D (UAN) and single page Pension Payment Order (PPO) under Employees’ Pension Scheme, 1995 unveiled New Delhi: While taking stock of the performance of EPFO in the month of February 2016, Dr V.P. Joy, the newly appointed … [Read more...] about EPFO settles 104.38 lakh claims in the current fiscal CBT, EPF recommended 8.8% rate of interest for the year 2015-16
Confusion on EPF due to bad phrasing in Budget speech: Union Revenue Secretary Hasmukh Adhia
Confusion on EPF due to bad phrasing in Budget speech: Union Revenue Secretary Hasmukh Adhia Union Revenue Secretary Hasmukh Adhia today defended the proposal to tax Employee’s Provident Fund withdrawals, saying the intention was only to encourage investment in pension schemes, but the phrasing in the Budget speech caused the confusion. “The entire thing happened not … [Read more...] about Confusion on EPF due to bad phrasing in Budget speech: Union Revenue Secretary Hasmukh Adhia
Filling up the post of Financial Adviser and Chief Accounts Officer in EPFO
Filling up the post of Financial Adviser and Chief Accounts Officer in EPFO - reg. MINISTRY OF LABOUR & EMPLOYMENT SHRAM SHAKTI BHAVAN NEW DELHI - 110001 D.O. No. A-12026/05/2015-SS.1 February 17, 2016 Dear Secretary, Employees Provident Fund Organization is an autonomous body under the Ministry of Labour & Employment. The financial/ accounts matter in the EPFO … [Read more...] about Filling up the post of Financial Adviser and Chief Accounts Officer in EPFO
Online petition against retirement tax goes viral
Online petition against retirement tax goes viral An online petition against retirement tax has gone viral on social media with nearly 3,000 signups seeking urgent and immediate withdrawal of Provident Fund Tax just a day after it was announced in the Budget. The petition was started by a finance professional from Gurgaon, Vaibhav Aggarwal, and nearly 3,000 people have … [Read more...] about Online petition against retirement tax goes viral
Measures for moving towards a pensioned society
Measures for moving towards a pensioned society While presenting the General Budget 2016-17 in Lok Sabha today, the Union Finance Minister Shri Arun Jaitley said that pension schemes offer financial protection to senior citizens. He proposed to make withdrawal up to 40% of the corpus at the time of retirement tax exempt in the case of National Pension Scheme(NPS). In case of … [Read more...] about Measures for moving towards a pensioned society
Cashless health insurance for elderly likely in Budget
Cashless health insurance for elderly likely in Budget Government is working on a cashless health insurance scheme for senior citizens which may be announced in the upcoming Union Budget 2016-17. Around Rs 10,000 crore – lying unclaimed in banks and insurance companies, EPFO and small savings schemes — would be utilised for providing the health insurance cover to the … [Read more...] about Cashless health insurance for elderly likely in Budget
EPFO offers 8.8% interest for 2015-16, unions protest
EPFO offers 8.8% interest for 2015-16, unions protest The financial, investment and audit committee of the EPFO board had proposed 8.95 per cent rate of return as "feasible" in its meeting held in January 2016. The central board of trustees of the Employees’ Provident Fund Organisation (EPFO) on Tuesday recommended 8.80 per cent rate of return on retirement savings under … [Read more...] about EPFO offers 8.8% interest for 2015-16, unions protest
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