The Employee Pension Scheme (EPS) is an integral part of the Employees’ Provident Fund (EPF), which is managed by the Employees’ Provident Fund Organization (EPFO) in India. The EPFO, a statutory body under the Ministry of Labour and Employment, is responsible for overseeing the implementation of the EPS and ensuring its benefits reach the employees. … Read more
Employees working in the organized sector usually have a Provident Fund (PF) account. Companies with at least 20 employees are required to register with the Employees’ Provident Fund Organization (EPFO). If you are an EPFO subscriber, you must know a few key points. Every month, 12 percent of your basic salary is deposited into your … Read more
The Employees Provident Fund Organisation (EPFO) has issued an urgent notice to its subscribers. It has clarified that the last date for employees to activate their Universal Account Number (UAN) is November 30. Employees can check if their UAN is active on the EPF portal. If you are changing jobs, the EPFO has an important … Read more
The central government has good news for EPF subscribers. The EPFO Central Board of Trustees (CBT) has made a significant decision regarding interest payments during the settlement process, providing additional benefits to EPF subscribers. In the future, interest will be calculated up to the date of claim settlement. Previously, interest was calculated only up to … Read more
The Employees Provident Fund Organization (EPFO) has announced that specific categories of employees will not need to link their Aadhaar to settle their physical claims. While EPFO subscribers are generally required to link their Universal Account Number (UAN) with Aadhaar for claim settlement, recent policy changes allow some exceptions. The EPFO has clarified the specific … Read more
Some individuals prefer to continue their Employee Provident Fund (EPF) even after retirement. They value the high interest rates, safe investment, and tax exemptions associated with the EPF. However, there are essential considerations to be aware of. Continuing EPF Membership After Retirement EPF membership is not bound by job status or retirement. It’s a flexible … Read more
Are you a subscriber of the Employee Provident Fund (EPF)? Do you need to correct any mistakes in your PF account details, or would you like to update your personal information? If so, this article is for you. The Employees’ Provident Fund Organisation (EPFO) now offers an accessible online facility for changing PF account details. … Read more
In India, a significant proportion of the population is employed, with many individuals working in the private sector. The government permits investments through the Employee Provident Fund to ensure financial security for employees after retirement. This scheme requires employees and the company to make equal monthly contributions. Mistakes made during PF data entry can lead … Read more
The central government is likely to announce good news for wage earners soon. Reports indicate that the Employees’ Provident Fund Organisation (EPFO) plans to increase the wage limit. The EPFO maximum wage limit is Rs. 15,000, but it may be raised to Rs. 21,000. The government intends to decide on this matter and announce it … Read more
Many investment options are available, and retirement plans have gained popularity. In the past, retirement planning was primarily accessible to government employees, but various government schemes now cater to ordinary workers’ needs as well. In India, popular options for building a retirement corpus include the Employees’ Provident Fund (EPF), Public Provident Fund (PPF), and Systematic … Read more