Sunday, Dec 04, 2022

Employees provident fund


PF office releases pension orders to 65 employees on retirement day in Rajkot

August 13, 2022 11:32 pm

Under the Prayas to Vishwas initiative, the PF office in Rajkot reached out to principal employers in private sector, requesting them to release their contribution towards pension fund of their employees 10 days prior to retirem-ent of their concerned employees.

Basic pay, wages: Govt open to relook labour code proposals

July 16, 2022 2:20 pm

The Code on Wages proposes to fix a National Floor Level Minimum Wage, and redefine the break-up of wage to increase the share of the basic pay component -- a provision to enable higher provision for social security for establishments, especially in the service sector.

EPFO to take call on interest rate for 2021-22 in March

February 13, 2022 2:28 pm

The 8.5 per cent interest rate on EPF deposits for 2020-21 was decided by the Central Board of Trustees (CBT) in March 2021.

EPFO onboards Air India employees

January 30, 2022 1:01 am

🔴 The Tata Group took over the debt-ridden airline from the Government of India.  Air India had applied for EPFO coverage, which has been allowed, the retirement fund body said.

CBDT notifies rules to calculate taxable interest in provident fund accounts

September 02, 2021 4:31 pm

According to the Income-tax (25th Amendment) Rules, 2021, for the purpose of calculation of taxable interest, separate accounts within the provident fund account shall be maintained during 2021-2022 and all subsequent years for taxable and non-taxable contributions made by a person.

Safe and open

March 08, 2021 9:57 am

There is a strong case for EPF rate being retained at 8.5 per cent. It also calls for greater transparency from body administering it

EPFO starts crediting 8.5% interest rate for 2019-20

January 01, 2021 3:31 am

The Indian Express had reported Wednesday that the Finance Ministry had granted clearance for the interest rate recommendation of 8.5 per cent.

EPFO starts crediting 8.5% interest for 2019-20, to reflect in EPF accounts from January 1

December 31, 2020 8:00 pm

A large number of members of the Employees Provident Fund Organisation (EPFO) would be able to see their updated EPF accounts with credit of 8.5 per cent rate of interest for 2019-20, news agency PTI said quoting a senior official.

EPF members withdraw Rs 39.4K crore during Mar 25-Aug 31; highest from Maharashtra

September 15, 2020 11:54 am

Members of Employees’ Provident Fund Organisation (EPFO) were also allowed relaxation in March regarding withdrawal of their funds to mitigate financial difficulties posed by the pandemic.