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PF rules News

21 Nov 2021

PF account holders Alert! Now you don’t have to transfer your PF

The EPFO Board of Trustees adopted a centralised IT system of PF account. When an employee changes jobs, the PF account number remains intact, and the employee does not have to worry about PF account transfer. After quitting a job, the PF holder is required to file documentation at both the former and new employers.

27 Mar 2021

Good news for Sarkari babus! Here’s how new PF rules affect them

The interest on contribution to Provident Fund for up to Rs 5 lakh per annum will be tax-free. Earlier, the limit was Rs 2.5 lakh which was introduced in the Finance Bill proposal. However, finance minister Nirmala Sitharaman doubled the limit where there was no employer contribution.

09 Mar 2016

Govt mulling making EPF rules applicable to smaller establishments

Minister of State for Labour and Employment Bandaru Dattatreya said at present, these provisions are applicable only to establishments which employ 20 or more people.

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