Government withdraws proposal to tax on EPF withdrawals

m-Governance in India : epf mobile app for android users

Form 11 (new) submission and KYC seeding in the UAN portal

Universal Account Number is made mandatory for PF claims

PF Due date grace period for deposits is now removed

Bill to amend the Bonus Act - Ceiling now to be raised to Rs.21,000

PF interest rate could be to increased in FY-16 from current 8.75%

PF withdrawal simplified – Attestation of employer not necessary

GPF interest rate retained at 8.7% for 2015-16

Interest on PF for FY16 may be Fixed on November 24

Ceiling For ESI contribution to be increased to Rs. 25000

The 7th Pay Commission to submit its report on November 19

ESI Scheme is implemented in non-implemented areas

EPF (Employees Provident Fund) Linked With Aadhaar Card

Minimum Pension of Rs 1,000 per month to the pensioners of Employees’ Pension Scheme to be continued

Bonus wage ceiling to be increased to Rs. 7000 per month for workers

Minimum wages act to be amended by the Central Government

Saral PayPack version 9.03 is released and enabled with eTDS return filing for Q1 of FY 2015-16 (FVU v4.7)

Income Tax shall be deducted at source (TDS), if at the time of payment of the accumulated PF balance is more than or equal to Rs. 30,000/-, with service less than 5 years w.e.f 1st June 2015

Inspection Charges for PF is 0.01% for Account Number 22 with subject minimum 200Rs with effect from 01/01/2015

Administrative Charges for PF payment are reduced from 1.1% to 0.85% in Account Number 02 with subject minimum 500Rs with effect from 01/01/2015


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