Employees Provident Fund Organization (EPFO): News

17 Aug 2021


Amid pandemic, Rs. 21cr fraudulently withdrawn from Mumbai PF office

Over Rs. 21 crore was reportedly siphoned from a common PF pool at a Mumbai office of the Employees Provident Fund Organisation (EPFO) between March 2020 and June 2021.

08 Aug 2021

Aadhaar Card

EPF-Aadhaar card linking now mandatory. How to do it?

Employees Provident Fund (EPF) subscribers must link their Aadhaar card with their Provident Fund (PF) accounts by September 1, 2021, according to the retirement fund manager EPFO.

31 May 2021


EPFO members allowed second advance withdrawal citing COVID-19

The Employee Provident Fund Organization (EPFO) has allowed its five crore subscribers to avail a second advance withdrawal in the wake of the COVID-19 pandemic.

04 Mar 2021


EPFO retains 8.5% interest rate on PF deposits

The Employees' Provident Fund Organisation will maintain the interest rates on provident fund deposits at 8.5% for the financial year 2020-21, the same as the previous fiscal.

03 Mar 2021

Labour Ministry

EPFO subscribers may face restrictions on early pension withdrawal: Report

The Employees' Provident Fund Organisation (EPFO) has reportedly proposed restrictions on the early withdrawal of pension contributions by formal sector workers.

09 Sep 2020


Coronavirus impact: EPFO to pay 8.5% interest in two installments

The Employees' Provident Fund Organisation (EPFO) will pay the 8.5% interest for the fiscal year 2019-20 to EPF subscribers in two installments, the retirement fund body's central board said on Wednesday.

07 Aug 2020


Angry over dues' non-payment, employee sends sex toys to boss

Revenge took a raunchy turn for Bengaluru's Avinash Prabhu, director of Kalmane Trading Private Limited, when an enraged employee sent him and his family sex toys as revenge for non-payment of Provident Fund dues.

13 May 2020


With reduced EPF contribution, your take-home salary will now increase

Union Finance Minister Nirmala Sitharaman on Wednesday presented the details of the Rs. 20 lakh crore stimulus package to help revive the economy.

03 Nov 2019


Five ways to check your Employees' Provident Fund balance

As is common knowledge, Employees' Provident Fund is a mandatory contribution from the salaries of professionals.

25 Sep 2019


Government seeks SC/ST employee data from companies under EPFO

The Ministry of Labor and Employment has launched a survey asking companies contributing to the Employees' Provident Fund Organization (EPFO) to declare the number of Scheduled Caste (SC) and Scheduled Tribe (ST) employees.

16 Jul 2019


#FinancialBytes: List of documents needed to file Income Tax returns

July 31, 2019 is the last date to file Income tax returns for FY 2018-19.

13 Apr 2019


Employees' Provident Fund (EPF) account: How to add nominee online

As is common knowledge, Employees' Provident Fund is a mandatory contribution from the salaries of professionals.

11 Mar 2019


How to link your Aadhaar with Universal Account Number (UAN)

Although, linking Aadhaar with the Universal Account Number (UAN), issued by the Employees' Provident Fund Organization (EPFO) is not mandatory, it might still help you make UAN transactions more conveniently.

07 Mar 2019


#FinancialBytes: What happens to EPF balance when you switch jobs?

The Employee Provident Fund (EPF), popularly known as Provident Fund, is a long-term investment instrument for the salaried individuals.

21 Feb 2019


EPFO hikes provident fund interest rate by 0.1% to 8.65%

The Employees' Provident Fund Organization (EPFO) on Thursday announced a hike of 0.1% in the interest rate on employees' provident fund (PF) deposits for FY 2018-19.

17 Dec 2018


#FinancialBytes: What is Provident Fund and how to withdraw it?

The Employee Provident Fund (EPF), also known as Provident Fund, is a long-term investment instrument for the salaried individuals that is offered by the Employees' Provident Fund Organization (EPFO).

#FinancialBytes: Income tax deductions taxpayers can claim under Section 80C

Income tax accounts for a major part of the government's revenue and salaried individuals form a significant chunk of the overall taxpayers.

06 Oct 2018


Error in Aadhaar, Odisha man says he will commit suicide

An employee of Odisha Electrical Department has said he will commit suicide as he is unable to withdraw money from the Employee Provident Fund due to an error in his Aadhaar card.

25 Sep 2018


#JobGrowthTracking: 100 million workers' details to be linked to Aadhaar

The Central government is planning on linking the details of about 100 million workers with Aadhaar to establish a reliable system to track job growth in the country.

25 Aug 2018


1.2 crore jobs created in India in 10 months

Nearly 1.2 crore jobs were created in the country in the 10-month period till June this year, as per a Central Statistics Office (CSO) report.

02 Aug 2018


5 ways to check your PF balance

Gone are the days when your Employees Provident Fund (EPF) details were released at the end of the financial year.

29 Jul 2018


5 ways to check your PF balance

Gone are the days when your Employees Provident Fund (EPF) details were released at the end of the financial year.

23 Jul 2018


#FinancialBytes: How to check your PF balance

Gone are the days when your Employees Provident Fund (EPF) details were released at the end of the financial year.

23 Jul 2018


Employees may soon withdraw 75% PF if unemployed for 1-month

An employee, who is not in employment for a month, may be allowed to avail 75% of the Provident Fund standing to his credit, Labor Minister Santosh Gangwar said.

17 Jul 2018


#FinancialBytes: Situations in which you can withdraw PF before retirement

Employees Provident Fund (EPF) is primarily a retirement benefit scheme by the Government of India for all salaried individuals in which employees get their accumulated funds after retirement or job-loss to finance their expenditures.

15 Jul 2018


#CareerBytes: Top 6 IITs and their placement numbers this season

The Indian Institutes of Technology (IITs) are the most premier public institutes offering the best engineering and technology education in India.

27 Jun 2018


You can now withdraw 75% of PF after one-month's unemployment

Bringing cheer to crores, the Employees' Provident Fund Organisation (EPFO) has decided to allow PF subscribers to withdraw 75% balance after remaining unemployed for a month, and keep the account running.

06 Jun 2018


#FinancialBytes: Everything you need to know about your EPF account

Dear reader, in your salary receipt, you must have seen a certain amount under the head 'Employee Provident Fund' which does not form a part of your cash-in-hand salary.

22 Mar 2018

Himachal Pradesh

Himachal Pradesh: Indian Technomac Director held in Rs. 6000cr scam

The CID sleuths have arrested a Director of Paonta Sahib-based firm Indian Technomac Company Limited in a nearly Rs. 6000cr fraud case.

14 Mar 2018


Filling tax returns: 6 things to do before March 31

There are two weeks left to file income tax returns for the past financial year. The deadline is March 31.

21 Feb 2018


EPFO to announce provident-fund interest today: Here's all about it

The Employees' Provident Fund Organization (EPFO) is going to announce the provident fund interest rate for its five crore subscribers for 2017-18 after a meeting of its highest decision-maker, Central Board of Trustees (CBT).

01 Feb 2018


#DecodingBudget: Air India sale, LTCG, corporate-tax, job creation and more

Arun Jaitley presented the first post-GST Budget amid high expectations of positive changes in tax rates.

24 Jan 2018


Modi to CEOs: Let's see your reaction after #Budget2018

At Davos, PM Narendra Modi held the much-awaited roundtable with CEOs of top global companies.

22 Jan 2018


Govt planning to keep PF rate unchanged at 8.65%: Reports

According to reports, the NDA government is planning to keep the interest rates unchanged on PF deposits at last year's 8.65%.

20 Jan 2018

West Bengal

Aadhaar seeding to eliminate multiple PF accounts

The Employees Provident Fund Organization (EPFO) said today that it would be able to eliminate multiple account numbers of one individual once the Aadhaar seeding is complete.

12 Dec 2017


Save the maximum tax under Income-Tax Sections 80C, 80CCD, 80D

December is here, and taxpayers are in a rush to utilize tax deductions to the fullest, invest in various tax-saving instruments, and submit these proofs to employers.

08 Dec 2017


ICICI Bank customers can now open PPF-account sitting at home

India's largest private bank ICICI Bank has introduced a fully-digital service to enable its customers to open a Public Provident Fund (PPF) online.

How an SC ruling increased a man's pension 1200%

In a rare occurrence, Praveen Kohli, a former Haryana Tourism Corporation employee, received a whopping 1200% hike in his pension this November, four years after retirement.

16 Nov 2017


Did you know interest on PF post employment is taxable?

Whether you have resigned, retired or were fired, interest on your provident fund account is taxable in the year of credit after employment.