Shri Narendra Singh Tomar Launches Online PF Code Allotment System

Shri Narendra Singh Tomar Launches Online PF Code Allotment System The Union Minister for Steel, Mines and Labour & Employment, Shri Narendra Singh Tomar has launched the online registration system for allotment of Provident Fund Code Number, which can be used by establishments in New Delhi today. On the occasion, he said that his Government was committed to provide better services to stakeholders. He congratulated the Employees’ Provident Fund Organisation (EPFO) for achieving one of the … [Read more...]

Enhancement of salary limit of Employees Provident Fund

Enhancement of salary limit of Employees Provident Fund Enhancement of salary limit of Employees Provident Fund is considering to Rs.15000..! While answering to a question in Parliament, Minister of State for Labour and Employment Shri Kodikunnil Suresh said that A proposal for enhancing the wage ceiling from Rs. 6500/- to Rs. 15000/- and reducing the threshold limit from 20 to 10 under the Employees Provident Funds & Miscellaneous Provisions Act, 1952 are under consideration of the … [Read more...]

Simplification of rules/procedure on withdrawals from Provident Fund by Railway employees-reg.

NFIR National Federation of Indian Railwaymen No.I/3/Pt.I Dated: 25/10/2013 The Secretary (E), Railway Board, NEW DELHI Dear Sir, Sub: Simplification of rules/procedure on withdrawals from Provident Fund by Railway employees-reg. Ref: (i) Railway Board's letter No. F(E)/III 77 PFI/3 dated 27/5/1977. (ii) Rule 925 read with sub rule (3) (a) of RI. Difficulties are being faced by Railway employees while withdrawing money from the their Provident Fund as the authorities … [Read more...]

8.5 per cent on PF deposits expected, EPFO board meeting likely on October 4: Financial Express

8.5 per cent on PF deposits expected, EPFO board meeting likely on October 4: Financial Express The reconstituted EPFO's Central Board of Trustees (CBT), which has to take a call on interest rate on PF deposits for the current fiscal, is likely to hold its first meeting on October 4. The meeting of the CBT headed by the Labour Minister is likely to be called on October 4 for reconstituting EPFO's sub-panels like its advisory body Finance and Investment Committee (FIC), an Employees' Provident … [Read more...]

Enhancement in the rate of used Medical Allowance from Rs. 1200/- to Rs. 2000/- p.m. w.e.f 01.03.2013, payable to the serving as well as retired employees of the EPFO for outdoor medical treatment – regarding.

Employees’ Provident Fund Organisation (Ministry of Labour and Employment, Government of India) No. HRM-8/V/12/1/2003/FMA/Vol-117/6160 Dated 13 JUN 2013 To, All Addl. Central P F. Commissioner (Zones) Director (NATRSS) All RPFCs-In-Charge of the Region/ZTIs RPFC (ASDL), Head Office All Officer-in-charge of SROs Sub: Enhancement in the rate of used Medical Allowance from Rs. 1200/- to Rs. 2000/- p.m. w.e.f 01.03.2013, payable to the serving as well as retired … [Read more...]

Enhancement of age of Retirement in Kerala

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Enhancement of age of Retirement in Kerala Enhancement of age of retirement of Government Employees and Teachers - Closure of General Provident Fund Accounts. The Finance Department (Provident Fund) of Kerala Government has issued detailed instructions regarding the above matter on 30th May 2012 on its website. The Kerala Government have withdrawn the unification of the date of retirement and enhanced the age of compulsory retirement of Government Employees, Teachers and Staff of Aided … [Read more...]

Rate of Interest on GPF

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We have compiled the interest rates for the funds deposited in GPF. The highest rate of 12% was given for the GPF in 1999-2000, it was suddenly dropped to 8% within three years. Last month Finance ministry published an order regarding the interest on GPF, the interest rates for GPF has been revised from 8% to 8.6% with effect from 1.12.2011. The table denotes the rate of interest from 1964 to 2012… Year … [Read more...]

Interest rate on General Provident Fund (GPF)

Interest rate on General Provident Fund (GPF) The Government of West Bengal has decided to issue 8.6% interest for the funds of General Provident Fund. For the subscribes to the General Provident Fund and other similar funds under the administrative control of the West Bengal Government shall carry interest at the rate of eight per cent for the period from 1.4.2011 to 30.11.2011 and 8.6 per cent w.e.f. 1.12.2011. The funds concerned are... General Provident Fund (West Bengal Service) … [Read more...]

EPFO Launches online receipt of Electronic Challan cum Return (ECR) from the Month of April 2012

EPFO INDIA

Employer e-Sewa Dear Employers !! EPFO Launches online receipt of Electronic Challan cum Return (ECR) from the Month of April 2012 (March paid in April). Employers are requested to Register their establishments and create their user id and password through this portal. The registered employers can upload the Electronic Return and the uploaded return data will be displayed through a digitally signed copy in PDF format. It will be available for printing also. Once approved by the employer … [Read more...]

Dues on EPF Contribution

Ministry of Labour & Employment Dues on EPF Contribution Hon’ble Supreme Court in its judgement dated 08.11.2011 in the matter of Employees’ Pension Fund Commissioner Vs. O.L. of Esskay Pharmaceuticals Limited and others, SLP (Civil) No. 7642, 7644, 7645 and 7646 of 2011 upheld the priority of dues under the Employees’ Provident Funds & Miscellaneous Provisions Act, 1952 on the assets of a company under liquidation over all other dues including that of secured creditors under Section … [Read more...]