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EPFO relaxes UAN rule for PF settlement, but sets riders

Jul 14, 2016

EPFO relaxes UAN rule for PF settlement, but sets riders

The decision to relax this condition of providing UAN for claim settlement was taken after considering difficulties being faced by those members who were not alloted UAN #Aadhaar #EPFO #Employees' Provident Fund Organisation #UAN
Govt amends EPS-95 to provide Rs 1,000 minimum monthly pension

Jun 29, 2016

Govt amends EPS-95 to provide Rs 1,000 minimum monthly pension

Employees' Provident Fund Organisation (EPFO) had started providing this entitlement under the scheme from September 1, 2014 #EPFO #Employees' Pension Scheme #EPS-95
From 5%, EPFO fund allocation in stock markets may jump to 15% this fiscal

Jun 28, 2016

From 5%, EPFO fund allocation in stock markets may jump to 15% this fiscal

As on 31 March, 2016 the amount invested was Rs 6,577 crore which gave a return of Rs 6,601 crore, which is up by 0.37 percent #Bonds #EPFO #ETFs #provident fund #Stock Markets #Bandaru Dattatreya
EPFO subscribers deferring benefit till 60 yrs to get 4% higher pension

Jun 23, 2016

EPFO subscribers deferring benefit till 60 yrs to get 4% higher pension

Retirement fund body will provide 8.16 percent higher pension to all those subscribers opting for deferring the benefit till the age of 60 years #EPFO #retirement fund body #Employees' Pension Scheme
No tax deduction for PF withdrawals of up to Rs 50,000, says new notification

May 31, 2016

No tax deduction for PF withdrawals of up to Rs 50,000, says new notification

TDS is deducted at the maximum marginal rate of 34.608 percent if a member fails to submit PAN or Form 15G or 15H #EPFO #TDS #PF withdrawal #tax on PF withdrawal
EPFO's low-cost housing move could be another bloomer. Here's why

May 10, 2016

EPFO's low-cost housing move could be another bloomer. Here's why

The idea behind the age-old and time-tested legal bar is provident fund belongs as much to the family as the employee himself and the family should not suffer the consequences of an employees wayward ways #EPFO #provident fund #UAN #Bangaru Dattatreya #housing EMIs #Finance Minister Jaitley
Govt considering low-cost housing scheme for EPFO subscribers

May 09, 2016

Govt considering low-cost housing scheme for EPFO subscribers

Government is working on a scheme to provide low-cost housing for retirement fund body EPFO's over five crore subscribers, Parliament was informed on Monday. #Lok Sabha #Low-Cost Housing #EPFO #EMI #Bandaru Dattatreya #Employees Pension Fund
EPF conundrum: Jaitley wins no brownie points with repeated U-turns

Apr 30, 2016

EPF conundrum: Jaitley wins no brownie points with repeated U-turns

For the third time in two months, finance minister, Arun Jaitley, has been forced to go back on his words on the Employee Provident Fund Issue (EPF). The latest reversal came on Friday when the finance ministry increased the EPF rate to 8.8 per cent from 8.7 per cent decided earlier. #protest #EPFO #Trade Unions #rollback #Finance Minister Arun Jaitley #U-Turn #Labour Minister Bandaru Dattatreya #EPF interest rate
Govt increases EPF interest rate to 8.8 percent bowing to trade union pressure

Apr 29, 2016

Govt increases EPF interest rate to 8.8 percent bowing to trade union pressure

The government was forced to take a U-turn on the Employee Provident Fund (EPF) issue yet again on Friday when it increased the rate to 8.8 per cent from 8.7 per cent decided earlier. The Central Board of Trustees (CBT) had originally recommended 8.8 per cent. #protest #EPFO #Trade Unions #CBT #rollback #Finance Minister Arun Jaitley #Labour Minister Bandaru Dattatreya #EPF interest rate
Will discuss EPF interest rate issue with FM: Labour Minister

Apr 28, 2016

Will discuss EPF interest rate issue with FM: Labour Minister

A day before nationwide protest by trade unions against lowering of EPF interest rate, Labour Minister Bandaru Dattatreya today said that he will discuss the issue with Finance Minister Arun Jaitley. #finance ministry #Arun Jaitley #protest #EPFO #Trade Unions #Bandaru Dattatreya #CBT #EPF interest rate