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Employees' Provident Fund Organisation (EPFO): News

09 Sep 2020
EPFO

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
Bengaluru

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
EPFO

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
India

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
EPFO

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.

24 Sep 2019
EPFO

Your Provident Fund rate raised to 8.65% for 2018-19

On Tuesday, the Labor Ministry notified 8.65% interest rate on Employees' Provident Fund (EPF) for the 2018-19 financial year.

16 Jul 2019
India

#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
India

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
India

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
EPFO

#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

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
India

#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.

25 Sep 2018
India

#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
India

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
EPFO

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
Business

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
EPFO

#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
EPFO

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
India

#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.

27 Jun 2018
EPFO

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
EPFO

#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.

14 Mar 2018
Insurance

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

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).

24 Jan 2018
India

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
EPFO

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
EPFO

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
India

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
India

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.

22 Nov 2017
Supreme Court Of India

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
Bengaluru

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.

08 Sep 2017
India

Here's how you can check your PF account balance

Now employees can view the total accumulated balance of their employees' provident fund (EPF) account through universal account numbers (UAN) allocated by the Employees' Provident Fund Organization (EPFO).

11 Aug 2017
India

PF account to be transferred, not closed, upon job change

Making life easier for employees, the Employees' Provident Fund Organisation has announced that starting next month, your PF account would be automatically transferred upon job change.

15 Jul 2017
EPFO

Here's how you can check your PF account balance

Now employees can view the total accumulated balance of their employees' provident fund (EPF) account through universal account numbers (UAN) allocated by the Employees' Provident Fund Organization (EPFO).