close
This ad will auto close in 10 seconds

EPFO likely to hike monthly wage ceiling to Rs 25,000 on December 19

Retirement fund body EPFO is likely to approve a proposal to hike wage ceiling for coverage under its social security schemes to Rs 25,000 per month from the existing Rs 15,000 on December 19.

EPFO members can fix pension without employers' attestation

EPFO members can fix pension without employers' attestation

Retirement fund body EPFO has introduced a simplified Universal Account Number based form, 10-D, for its subscribers for fixing their pension without employers' attestation.

EPFO to consider hike in ETF investments next week

EPFO to consider hike in ETF investments next week

Retirement fund body EPFO is likely to consider a proposal to increase proportion of its investments in exchange traded funds (ETFs) in its trustees' meet on July 26.

47% Indians not saving for retirement: HSBC

47% Indians not saving for retirement: HSBC

Even as financial security after retirement is valued more, a report revealed that 47 percent of working people in India have not started saving for their future or have stopped or faced difficulties while saving.

Government may roll back Tax on EPF

Government may roll back Tax on EPF

The government is said to be reconsidering its decision to tax the EPF or retirement fund of employees, due to huge opposition eexpressed by the salaried class

Labour Ministry asks EPFO, ESIC not to inspect startups for 3 years

Labour Ministry asks EPFO, ESIC not to inspect startups for 3 years

In line with Prime Minister Narendra Modi's vision to nurture startups, the ministry said in a set of directions last week that the new age ventures should be allowed to self-certify their compliance with 9 labour laws.

EPFO may fix interest on PF for 2015-16 in January: Dattatreya

EPFO may fix interest on PF for 2015-16 in January: Dattatreya

Retirement fund body EPFO is likely to fix higher interest on PF deposits for 2015-16 than 8.75 percent provided in last two fiscals, in the retirement fund body's trustees' meeting in January, Labour Minister Bandaru Dattatreya said Wednesday.

EPFO to invest additional Rs 750 crore in ETFs in FY16

Retirement fund body EPFO is likely to invest Rs 5,750 crore in stock market funds in the current fiscal, as against the earlier plan of Rs 5,000 crore.

Don't make these mistakes if you are planning for retirement

If you are planning for your retirement, it is advisable that you keep the following things in mind and don't make these mistakes.

EPFO allows small firms to pay dues by cheques and drafts

Giving a breather to small firms, retirement fund body EPFO has allowed employers whose statutory contribution is less than Rs 1 lakh to make payment through bank drafts, banker's cheques and local cheques till September this year.

EPFO makes UAN mandatory for all employers under its purview

EPFO makes UAN mandatory for all employers under its purview

Retirement fund body EPFO today notified an order to make Universal Account Number (UAN) mandatory for all employers covered under the Employees Provident Funds and Miscellaneous Provisions Act 1952.

EPFO settles 10.53 lakh PF claims in May

Retirement fund body EPFO settled 10.53 lakh claims like PF withdrawals in May, of which 86 percent were disposed of within 10 days of receipt of application.

EPFO updates 15.54 crore PF accounts for 2014-15 on April 1

Retirement fund body has achieved another milestone in the process of digitising its operations by updating 15.54 crore PF accounts for 2014-15 in a day.

EPFO trustees to appoint new fund managers on March 31

Retirement fund body EPFO is likely to appoint fund managers for a three-year term starting April 1 at its trustees' meet scheduled on March 31.

EPFO sets up expert group to consider housing scheme

Over 70 percent EPFO subscribers' basic wages are less than Rs 15,000 per month.

EPFO to raise pension age today, appoint fund managers

Retirement fund body EPFO is likely to appoint fund managers Thursday for a three year term from April 1 and raise age limit for vesting of pension by two years to 60.

Premium for product in lieu of EDLI need not be 0.5% of wages

This directive will facilitate employers to buy group insurance schemes for their workers from insurance companies at a price lower than 0.5 percent of wages as required under EDLI.

EPFO settles 10 lakh PF claims in November

Retirement fund body EPFO has settled 10 lakh claims, including withdrawal and transfer of provident fund, in the month of November.

10.96 lakh UANs activated so far, EPFO to sensitise firms soon

Just about 11 lakh workers have activated their universal PF account numbers (UANs) so far even as retirement fund body EPFO readied nearly 1.1 crore portable PF accounts numbers under the new scheme.

Govt launches Rs 1,000 minimum pension across the country

According to EPFO estimates, around 32 lakh pensioners under the scheme, who get less than Rs 1,000 every month as pension, will benefit immediately.