Proposed benefits of PPF by the Government

In this post, we will discuss the benefits of PPF or Public Provident Fund. Here are the things to know about the changes proposed in PPF rules.

Budget highlights - 2018

In this post, we will look at the Budget highlights - 2018 held on February 1st which was the fifth and last full budget from the current government.

Claim settlement period for PF withdrawal is now just 10 days

EPF wage ceiling to be increased to Rs. 25,000

EPF wage ceiling to proposed to be increased to Rs. 25000 by the EPFO which will bring an additional 1 crore formal workers under the social security scheme.

ESI cashless treatment for emergencies re-introduced

The ESIC has decided to reintroduce cashless benefits for its members in case of emergencies which means direct admission to tie-up hospitals is now allowed

Admin charges for PF has been reduced to 0.65%

According to the latest notification from the PF department, the admin charges for PF has been reduced to 0.65% from existing 0.85%.

Employee Enrollment Campaign 2017 and frequently asked questions

EPFO has launched the Employee Enrollment Campaign 2017 to extend social security benefits to all eligible employees who are currently not under the scheme.

PF payment due date extended to 20th Jan

For the month of January, the PF payment due date has been extended to 20th. This extension is given in view of the new portal for filing ECR.

The new ECR portal - Unified for both employers and employees

The new ECR portal, ECR 2.0 is a Unified portal for both employers and employees where return filing and details of the contributing member is provided.

ESI wage ceiling increased to Rs. 21,000

ESI wage ceiling increased to Rs. 21,000 from the January 1st, 2017. This is the 3rd amendment to the ESI act which was given as a draft in Oct.

PF interest rate for 2016-17 fixed at 8.65%

PF interest rate for 2016-17 fixed at 8.65% which is drop from the previous year rate which was 8.8%. This cut will provide the EPFO with a surplus of 296cr

Electronic Challan Return, ECR 2.0

A new ECR portal, ECR 2.0 will replace the currently numerous and fragmented portal in a unified manner which will include ECR filing and payment process.

UAN 2.0 - The next version of Universal Account number

The Employees’ Provident Fund Organization (EPFO) is in the process of implementing the next version of UAN 2.0. This is what you need to know about UAN 2.0

ESI amendment 2016 - draft law

ESI amendment 2016 - draft law states that the ESI wage ceiling limit is to be increased from Rs. 15000 to Rs. 21000

Professional Tax slab rate in Madhya Pradesh for 2016-17

In this post, we have described the Professional Tax slab rate in Madhya Pradesh 2016-17 and how it is applicable on monthly and yearly basis.

Professional tax slab in West Bengal for 2016-17

The professional tax slab in West Bengal for 2016-17: Here we see the various professions which fall under PT and the rates at which they are applicable.

Maternity leave policy in India gets an upgrade

Maternity leave policy in India has got an update which includes an extended leave period and also an option to work from home among other benefits.

Voluntary EPS contribution can be made by the employees

EPFO may soon allow its subscribers to contribute voluntarily towards its pension scheme in addition to their employers' mandatory contributions.

PF withdrawal norms has been changed to remove the restrictions

PF withdrawal norms has been changed to remove the restrictions so that a member can withdraw the saved amount when needed according to the requirement.

EPF coverage rules now applicable for establishments with 10 or more employees

EPF coverage rules have now been changed to include establishments which have 10 or more employees. This EPF coverage rules will increase EPF subscribers.

EPF and ESI returns can be filed together in the "Shram Suvidha" portal

In an effort towards unifying the various labour laws, the government has developed a new portal where both epf and esi returns can be filed together.

Government withdraws proposal to tax on EPF withdrawals

The Government has withdrawn its Budget proposal of imposing tax on EPF withdrawals. FM Mr. Arun Jaitley in his statement has emphasized that in view...

Clarification regarding tax on EPF withdrawal

There seems to be some amount of lack of understanding about the changes made in the Budget 2016 on tax on EPF withdrawal.

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

Following the m-governance in India initiative, EPFO has launched a mobile app which can be used for UAN activation and for viewing monthly details

EPF new Rules - Coverage threshold limit is 10 employees

According to the EPF new rules, any Firm that has a minimum of 10 employees should be registered under the EPF Act applicable from April or May.

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

In this post, we talk about the submission of form 11 and seeding the KYC details in the UAN portal along with some important points to mind while updating KYC.

PF interest rate proposed to be increased to 8.95%

According to the recent news, the EPFO is planning on increasing the PF interest rate to 8.95% for the FY - 2016. The current existing rate is 8.75%.

Bonus Act amendment - Ceiling raised to Rs.21,000

The Bonus Act amendment - ceiling now raised to Rs. 21,000. This amendment has been made effective from 1st of April, 2014.

Universal Account Number is made mandatory for PF claims

Universal Account Number is made mandatory for PF claims with effective from Jan 1st, 2016. Provisions for online application of UAN is also provided.

PF Due date grace period for deposits is now removed

The PF due date grace period provided for the PF contribution has now been removed by the EPFO citing the reason of electronic payment and returns

Details about PF withdrawal forms - Which to use when

The EPFO has launched new UAN based Forms for withdrawal or transfer of amount from PF and PS accounts. In this post we shall have a look about the details of these Forms.

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

The government has announced an amendment in the Bonus Act of 1965. In this amendment the salary ceiling for the payment of bonus has been raised to Rs.21,000 with effective from 1st April 2015.

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

The Employee Provident Fund Organization is planning to increase the PF interest rate from the current existing 8.75%.

PF withdrawal simplified – Attestation of employer not necessary

The ministry of labour and employment has launched simplified, brief forms for PF withdrawal. The notification, dated 4th December, stated that the Employer’s attestation no longer a necessity for Filing PF Claims.

GPF interest rate retained at 8.7% for 2015-16

The government has retained the rate of interest for General Provident Fund (GPF) (GPF interest rate) and other related schemes at 8.7 per cent for the current fiscal.

Interest on PF for FY16 may be Fixed on November 24

Employees' Provident Fund Organisation (EPFO) trustees are likely to consider and approve a proposal to fix rate of interest on PF deposits for over five crore subscribers for the current fiscal year in their meeting scheduled on November 24.

Ceiling For ESI contribution to be increased to Rs. 25000

The Minister of Labor and Employment said the Employee’s State Insurance Corporation (ESIC) board has decided to increase the ceiling limit for employees under ESIC coverage from the existing Rs.15, 000 a month to Rs.25, 000 a month.

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

The Pay Commission is set up by the Government of India at specific interval and it gives recommendations regarding changes in the salary structure of its employees.

ESI Scheme is implemented in non-implemented areas

The ESI Scheme is implemented in a non-implemented areas in a phased manner. Under Section 56 of the ESI Act, provision of medical care under the ESI Scheme in the particular state, is the responsibility of the State Governments.

EPF (Employees Provident Fund) Linked With Aadhaar Card

The employees provident fund organization (EPFO) now has made it mandatory to provide Aadhar card numbers in order to register for an EPF account.

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

The Cabinet has decided to double the bonus wage ceiling for calculating bonus of Rs 7,000 per month for factory workers and establishments which have 20 or more workers.

PF accumulated balance of more than Rs. 30,000 TDS will attract TDS at the time of payment

The Finance Act, 2015 (20 of 2015) has inserted a new section 192A regarding the payment of accumulated provident fund balance due to an employee. The provision shall take effect from 1st June, 2015.

Changes in Provident Fund rules: 7 things to know

Planning for retirement is as important as planning for one’s career and marriage. Everybody wishes to have a secure, independent retirement life, where you would not depend on others for your needs.

UAN activation procedure

Since UAN is made available to ensure that multiple PF accounts of the same individual can come together. In this post, we explain UAN activation procedure.