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Saturday, November 30, 2013

Pan India Holiday List Notification 2014

Dear Friends

Pls find enclosed is the Pan India Holiday List Notification 2014

Tamil Nadu:-
Tamilnaud Holiday List 2014



Goa Holiday List 20014

Chhatisgarh Holiday List 20014

Bihar Holiday List 20014

West Bengal:-
West Bengal list of public holidays 2014

Orrisa Holiday List 20014

Madhya Pradesh:-
Madhya Pradesh Holiday List 2014

Kerala Holiday List 2014

Karnataka list of public holidays 2014


More states will be updated soon if any one are having of other states pls email us 

Thursday, November 21, 2013

Implementation of ESI Scheme uls 1(3) of ESI Act, 1948

Implementation of ESI Scheme u/s 1(3) of ESI Act, 1948 in Patadi (Urga) area of Chhattiasgarh.

Dear All,

Enclosed is the Implementation of ESI Scheme u/s 1(3) of ESI Act, 1948 in Patadi (Urga) area of Chhattiasgarh.

Implementation of ESI Scheme u/s 1(3) of ESI Act, 1948 in Patadi (Urga) area of Chhattiasgarh.

Sunday, November 17, 2013

Implementation of EST Scheme u/s 1(3) of ESI Act, 1948 in 4 Revenue villages of Norangabad and adjoining areas of district Bhiwani (Haryana)

Dear All,

Enclosed is the Notification in regards to Implementation    of ESI  Scheme  u/ 1(3) of ESI  Act,  1948 in  4 Revenue villages of Norangabad  and adjoining areas of district  Bhiwani (Haryana)

Sunday, October 06, 2013

Delhi Minimum wages Hike from 1st Oct 2013 till 31st Mar 2014

Dear Friends

Pls find enclosed is the New revised Minimum wages of Delhi effective from 1st oct-2013 till 31st Mar 2014

Pls click below for the said notification.

Thursday, October 03, 2013

ESI (General) (Amendment) Regulations 2013

Dear friends,

Pl find attached ESI (General) (Amendment) Regulations 2013 which have been made effective from 1.6.2013. The amendment provides for:

a) Now insured person who has been awarded permanent disablement benefit at a rate not exceeding Rs.10 per day (increased from Rs.5 per day earlier) can apply for commutation of permanent disablement benefit as per Regulation 76B.

b) New Regulation 110 has been inserted providing for online system of functioning including digital signatures.

Pls find below is the said Gazetted copy of the same 

Monday, September 23, 2013

Punjab Minimum wages Hike from 1st Sep 2013

Dear Friends

This is for your kind notice that the Punjab Government has further enhanced the minimum rates of wages w.e.f. 01.09.2013 in respect of 71 Scheduled Employments. The increase in wages for monthly rated employee is Rs. 552.75 and for daily rated is Rs. 21.44 & for hourly worker is Rs. 2.68.

The above increase is to neutralize the cost of living. The minimum rates of wages are linked with Consumer price index Numbers (State Series 1987 -100). The adjustment of wages are made after an interval of six months taking the average of CPI numbers compiled by the Punjab Government.

The detail of ENHANCED/Adjusted minimum rates of wages for monthly rated and daily rated and hourly rated employees under different categories are given in the attachment.

Punjab Minimum wages Hike 1st Sep 2013

Saturday, September 21, 2013


Dear Friends

Pls find enclosed is the recent circular as received  from Ministry of Finance Department of Revenue Central Board of Excise& Customs Tax Research Unit on 19th Sept 2013 in this circular Service-tax-exempted-on-Transport-hostels-housekeeping-security-Canteen-services-to-educational-institutes


Friday, September 20, 2013

Canteen Allowance is part of basic wages and PF is to be deducted there from - Delhi High Court

Dear friends,

Delhi High Court in its order dated 22.7.2013 (copy attached) in the case of Whirlpool of India Ltd vs RPFC has held that Canteen Allowance is part of basic wages and PF is to be deducted therefrom.

Highcourt Judgment appended below

PF is to be deducted on canteen allowance - Delhi HC 22.7.2013

Tuesday, August 06, 2013

New Minimum wages of Maharashtra w.e.f. from 1st July 2013 till 31st Dec 2013

Dear All,
Enclosed is the Maharashtra New Minimum wages of Maharashtra W.E.F. from 1st July 2013 till 31st Dec 2013

Maharashtra New Minimum wages W.E.F 1st July 2013 till 31st Dec 2013

EPFO gives a week time for sending digital signatures

Dear All,

This is the Extract from  Business Standard

Employers from across the nation have begun sending their to the Employees Provident Fund, with Kochi firms leading others in sending the largest number of such signatures.

The signatures are needed to begin online transfer of provident fund and the signatures would be used for verification in the future.

has set a seven day deadline for all employers with more than 1,000 workers for sending digital signatures. This is part of an effort to put in place a system of online transfer of provident fund claim settlements.

The Chief Provident Fund Commissioner KK Jalan has written to all the 122 Provident fund offices in the country indicating timelines for implementing the online transfer scheme.

In a letter dated July 31, he said, "I would emphasise that all employers who have employees strength more than 1,000 should be asked to give their digital signatures within next seven days. It s not difficult to do so as all these employers in any case will have  their digital signatures for some other purposes."

Employers with an employee strength between 100 and 1,000 have been given more time.

The EPFO has set a target of covering 50% of thee employers by August 20.

PF offices also have been asked to introduce amended transfer claim forms in every region from August 20.

A campaign has already been launched to motivate employers to give their digital signatures. Once the transfers begin online, the time taken for the procedure of settlement of claims is expected to come down from the current 30 days to just three days.

The EPFO has so far received 675 digital signatures from various employers. The largest number of such signatures were received from employers in Kochi in kerala, officials said.

Taking the first step towards launching online PF transfer claims, EPFO had earlier this month unveiled a revised claim form for the purpose.

EPFO is likely to start the online PF transfer claim facility by the end of August. This would enable EPF subscribers to apply online to transfer their accounts through their new employers. The revised transfer claim form can be presented after verification by the present employer or the previous employer. Previously, the form could be submitted only after verification by the present employer.


Sunday, July 28, 2013

LATEST UPDATE ON EPFO: Employer Online Transfer Claim Portal

Dear All,

EPFO has started Employer Online Transfer Claim Portal.


• View transfer requests from Members.

• Verify details from your records.

• Approve information using digital signature.

• An Additional feature to complement existing paper claim process.

• Multiple authorised signatories can use the facility to verify and approve claim requests.

EPFO introduces a new system to facilitate online submission of transfer claims by Members with an objective to make the transfer process transparent, efficient and comfortable for your employees. You are urged to bring this facility to the notice of all your employees which is available on EPFO's Member portal. A member has an option to submit his claim either through his present employer or the previous one.

You can see all such claim requests with ease, verify/correct member details, approve and submit the requests online through this portal. For online submission of the claims, the Digital signature (Class II or above) of the authorized person is required.

User name and password for this portal is same which is used in ECR portal by the establishments and accordingly may be used with high diligence.

Monday, July 15, 2013

New EPF Form No 13 -Transfer Form

Dear All,EPFO has launch a New EPF transfer form the respective notification & form is enclosed for your ready reference 

Sunday, July 07, 2013

ESIC Coverage up to 10 Employees in Uttarpradesh

Dear All,

ESIC Coverage has been reduce to 10 Employees in Uttarpradesh the detail notification of the same is given below


ESIC 10 Employee coverage uttarpradesh

Friday, May 17, 2013

Wednesday, May 15, 2013

EPF Interst for the F.Y 2012-2013

Dear All,

EPF Organisation has declared the rate of interest for the F.Y 2012-2013 @ 8.50% as from F.Y 2012-2013 Physical returns are not to be submitted to the EPF Office i.e Form No 3A /6A & Reconcilation & Soft copy

Further the respective intesrest will be displayed in the E-passbook after 17th May 2013  the respective circluar in this regards is appended below:

EPF Interest 2012-2013

Thursday, May 09, 2013

Karnataka Minimum wages Consolidated for all Industry for the year 2013-2014

Dear All,

Greeting of the day !

We really thank you very much for visiting to our Blog & for the comments on the same as per your queries & sugesstion. we are now positing Minimum wages Consolidated for all Industry for the year 2013-2014 in respect of Karnataka

The necessary attachments is appended below:-

Consolidated Minimumwages for all industries Karnataka 2013-2014

Pls post your valuable cooments & Sugesstions on the same.

Friday, May 03, 2013

ESIC Coverage area extended in state of Tamilnadu

Dear All,
ESIC Coverage area extended in state of Tamilnadu for those who have their manufacturing units in Oragadam and surrounding Areas, please note the ESI Applicability comes in to effect vide Notification dated 22nd April 2013.
Copy of Notification is attached for your ready reference.

ESIC Notication 22 April 2013

Friday, April 26, 2013

New Form 16 Circular

TDS Certificate in Form No 16 as notified vide Notification No. 11/2013 dated 19.02.2013 has two parts viz Part A and Part B (Annexure). Part A contains details of tax deduction and deposit and Part B (Annexure) contains details of income.
All deductors (including Government deductors who deposit TDS in the Central Government Account through book entry) shall issue the Part A of Form No. 16, by generating and subsequently downloading through TRACES Portal, in respect of all sums deducted on or after the 1st day of April, 2012 under the provisions of section 192 of Chapter XVII-B. Part A of Form No 16 shall have a unique TDS certificate number.
The deductor, issuing the Part A of Form No. 16 by downloading it from the TRACES Portal, shall, before issuing to the deductee authenticate the correctness of contents mentioned therein and verify the same either by using manual signature or by using digital signature in accordance with sub-rule (6) of Rule 31
Courtesy @

Thursday, April 18, 2013

Delhi Minimum wages 2013

Dear All,

The Delhi Government has decided to implement the revised rates of minimum wages for unskilled, semi-skilled and skilled categories in all scheduled employments, Labour Minister A.K. Walia said on Monday. The new rates, which have been worked out after adjustment of dearness allowances, have come into effect from April 1, 2013 and will extend to clerical and non-technical supervisory staff as well.

Now the monthly minimum wages of unskilled workers has been fixed at Rs.7,722 (previously Rs.7,254) and per day wage has gone up from Rs.279 to Rs.297. The monthly wages for semi-skilled workers has gone up from Rs.8,528 to Rs.8,008 (per day wage from Rs.308 to Rs.328) and for skilled workers the new wages have been fixed at Rs.9,386 (previously Rs.8,814) increasing the per day wage to Rs.361 from Rs.339.

For clerical and non-technical supervisory staff, the new monthly wages for non-matriculates has been fixed at Rs.8,528 from Rs.8,008 (per day wage has gone up to Rs.328 from Rs.308). For matriculates but non-graduates, the wages have increased to Rs.9,386 from Rs.8,814 and for graduates and above it has been fixed at Rs.1,0218 instead of Rs.9,594.

Dr. Walia said all employers have been directed to release payments to their workers as per the revised rates through electronic clearance system or by cheques. He said workers have been asked to contact the district office of the Labour Department in case they are not paid wages as per the revised rates

Pls Fine the Notification below

Delhi Minimum wages April 2013

Saturday, April 06, 2013

Friday, April 05, 2013


A Mediclaim policy is one that refers to the medical insurance of individual, HUF, spouse, parents or dependent children, also known as health insurance .The section 80D of Income Tax Act provides for deduction of the payment made subject to the premiums of such medical policies. This exemption is over and above the deductions of Rs.1,00,000 under the section 80C. Medical insurance is vital in order to insure the health and safety of the family members, and it comes to aid in times of illness and makes up for your medical expenditure.
The medical premium varies with age, and as you grow older the premium increases.(Hence it is recommended that a senior citizen gets himself medically insured) The insurance can take place at any point of time between the age span of 18-59 yrs. As per the budget 2011-12, a senior citizen is a person of the age 60yrs or more. Before that, 65 yrs and more was considered as the age for senior citizens) the policy can be in the name of any of the following persons:
Individual or the taxpayer
Parents: Parents of the individual and of the spouse may be covered under this irrespective of their dependence on the assessee.
Dependent children: legitimate children or legally adopted children fall under this category and may be insured by the taxpayer. This includes male child who is unemployed, under the age of 25 yrs and he is a bonafide student fully dependent on the assessee . In case of a girl child, she is considered d as dependent until she is unmarried.
And in case of an HUF, any family member can be insured.
The total amount of deduction included under the section 80d mediclaim policies is Rs.35000. It is split into parts as shown below:
For an individual:
Basic deduction: The insurance premium of self, spouse and children is covered under this amount. Maximum deduction upto Rs.15000 is allowed .however, a deduction upto Rs.20000 is allowed in case the insured person is a senior citizen.
Additional deduction: Includes the medical premium paid for parents and a maximum deduction upto Rs.15000 is allowed. If the parent in this regard is a senior citizen then the amount is increased upto Rs.20000.
For HUF:
The premium can be paid for any member of HUF and the maximum deduction of Rs.15000 is permissible. Only when the person is a senior citizen the amount available for deduction is Rs.20000.
The medical premium is paid under medical insurance scheme of General Insurance Corporation approved by the Central Government or by any other insurer approved by IRDA (Insurance Regulatory and Development Authority).. Before 1st April 2009, the only mode of payment allowed was cheque. The payments for such premiums can now be made via any mode other than cash

Tuition fees as a deduction under section 80C

Tuition fees as a deduction under section 80C
The section 80c provides deduction from the taxable income for the tuition fees paid for his/her children .The upper limit for the deduction under this section is Rs 1 lakh. Parents are allowed to claim the deduction for their children’s tuition fees. This deduction is strictly available only on the tuition fees paid and not the exam fee, sports fee, lab fee, admission fee or the hostel fee. A parent is individually allowed to claim deduction for two children , thus both the parents can together claim deduction for four children. The deduction claim is permissible for only full time courses and not part time, coaching classes, distance learning or private tuitions. This however includes tuition fees for playschools and pre-nursery. The deduction is available on the amount paid by the individual and the period for which the payment is made is not to be considered.

Tuesday, April 02, 2013

Jharkhand New V.D.A. WEF 1st Apr 2013

Dear All,

Appended below is the New VDA in respect of Jharkhand State

Jharkhand VDA -01-04-2013

Gujarat Profession Tax Slab Revised 1st Apr 2013

Dear All,

Gujarat state Profession Tax Slab Revised 1st Apr 2013 where in the first slab has been removed

Now the New Slab W.E.F from 1st Apr-2013 will be as listed below

i) Less than Rs. 3000/ Zero
(ii) Rs. 3000/- or more but less than Rs. 6000/ - 0

(iii) Rs. 6000/- or more but less than Rs. 9000/- 80/-
(iv) Rs. 9000/-or more but less than Rs. 12000/- 150/-

(v) Rs. 12000/- or more. 200/-

The details Notification of the same is enclosed below:-

Gujarat State tax on Profession-revised from 01-04-2013

Gujarat Minim Wages 2013-2014 -01/04/2013 to 30/09/2013

Dear All,

Appended below is the New Minum wages of Gujarat from 1st Apr 2013 to 30th Sep-2013 where in DA has been increase @Rs 11 Per Day

Attachment :- Gujarat Minimum wages Apr-2013 to Sep-2013

Full Brekaup

Gujarat MW-breakup 01-04-2013 to 30-09-2013 English

Thursday, March 21, 2013

Karnataka Minimum wages revision 2013-2014

Dear All,

I am attaching here with Karnataka Minimum wages revision 2013-2014 here i am attaching some of the Major industies Minimum wages revision 2013-2014

Shop &  Establishmment :- Shops and commercial establishment.

Security Agency :- Security agency

Hotel Industry:- Hotel Industry Minimum wages

Film Industry:- Film industries Minimum wages

Engineering Industry:- Engineering industry Minimum wages

Further If any other Industry requirement pls Let us Know we will Provide the Same

Saturday, March 16, 2013

Benefit of Joint Home Loan and its Tax benefit

Benefit of Joint Home Loan and its Tax benefit
Buying a house has always been a bit of financial trouble for many. So, banks come to rescue and aid people with a home loan by facilitating the funding. Two earning members can come together to buy a house and share the loan. Joint home loan is the ultimate way out! Earning members of the family; Spouse, siblings, parent & child either can jointly issue a loan from the bank. This will ease off the burden of loan borrowing. Besides, there is an added major advantage to this joint loan borrowing; the co borrowers can share the tax benefits under the Income Tax Act.
Benefits of joint home loan
  • Two earning members will save a part of their income from taxation
  • The debt burden is minimized as there two people will share the loan
  • Both, Principle and interest payable are exempted from tax under the section 80C and section 24 respectively of the Income Tax Act.
Rules for seeking a joint home loan:
  • A joint home loan can be taken by minimum 2 and maximum 6 members
  • Not all family members are eligible to take joint home loan, generally blood relatives are allowed
  • The lender defines the relationship between co borrowers in order to be eligible to seek the joint loan
  • KYC documents should be submitted that contain identity and address proof of the loan applicants
  • Documents containing the proof of ownership and income proof of borrowers are also required.
Repayment of joint home loan:
  • Either the EMI can be paid via a joint account that is held by the co borrowers
  • Payment made by means of two different accounts for the same EMI is not allowed. However they can share total no. of installments. The payment should come from come from borrowers jointly.
The maximum tax benefit available to a single person who seeks home loan is however 1, 50,000 for each co borrower. Hence it is advisable to get a break up of tax benefits on stamp paper prior to issuing the loan. The agreement will specify the share of the ownership as well as that of the home loan. This agreement will contain the share of the ownership along with that of the home loan issued by them.
The co-borrowers must decide the ratio in which they will borrow the loan. Supposing the ratio decided is 60:40 then the tax benefits availed by them will be in the same ratio. The former can avail a 60% of tax benefit on the maximum permissible exempted limit; while the latter, 40%.
Now, it is way easier and beneficial to manage the funding for your new home by applying for loan. The income tax benefits, plus the lesser burden on a single person, in terms of loan repayment. Also, it enhances your eligibility as a loan seeker because the income of two people is clubbed; the bank finds it convenient to grant the loan.

List of surviving members format -Provident Fund

Dear All,

Enclosed is the list of surviving members format to be submitted along with form 20 in death claim under epf 1952, under para 2(g) & and Form No 5 (IF) if the case is of on service death

Attachment :- List of Survival Member-EPF

Wednesday, February 27, 2013

Harayana Minimum Wages WEF From 1st Jan 2013

Dear All,
The revised minimum Wages rates in the schedule employment in Haryana State effective from 01/01/2013 are as under.

Unskilled workers Rs. 5212.15 monthly or Rs. 200.46 daily
Semi skilled worker (A) Rs. 5342.15 monthly or Rs. 205.46 daily
Semi skilled Worker (B) Rs. 5472.15 monthly or Rs. 210.46 daily
Skilled Worker (A) Rs. 5602.15 monthly or Rs. 215.46 daily
Skilled worker (B) Rs. 5732.15 monthly or Rs. 220.46 daily
Highly Skilled worker Rs. 5862.15 monthly or Rs. 225.46 daily

Hence you are requested to kindly look forward and take appropriate action to kindly implement the revised minimum wages rates w.e.f. 01/01/2013 in the Factories and Establishment working in Haryana State. Kindly ignore if your establishment is not falling in the territorial jurisdiction of Haryana State.
Notification to Download  Click Below:-

Saturday, February 16, 2013

Madhya Pradesh New Labour Welfare ammendment

Dear All,

Pls Find Enclosed the New Labour welfare Ammendment of Madhyapradesh  the New Slab is as under

Employee Contribution – Rs 10.00

Employer Contribution  - Rs 30.00

LWF Notification MP FEB - 2013

Sunday, February 10, 2013

Chattisgarh-minimum-wages-Oct2012 to 31st mar 2013

Dear all,

Enclosed is the Special allowance as declared by Govt of Chattisgarh which is effective from 1st Oct 2012 till 31st Mar 2013

Chattisgarh-minimum-wages-Oct2012 to 31st Mar 2013 (Chattisgarh-minimum-wages-Oct2012 to Mar-2013)

Form No 13 along with Sample Form

Dear All,

Enclosed is the EPF Transfer form No 13 along with the sample Form which will help in to fill in the balnk form

Blank Form no 13 ( PF Transfer In Form_Form no. 13)

Sample Transfer Form (PF Transfer In Form_Form no. 13 SAMPLE)


Wednesday, February 06, 2013

Andhrapradesh New Profession Tax Slab W.E.F From 1st Feb 2013

Dear All,



In the said Act, for the First Schedule, the following Schedule shall be substituted, namely-



First Schedule

(Under Section 4)

 Sl. No.
Tax Per month (PM) or Per Annum (PA) in
Salary and wage earners whose monthly salaries or wages in Rs:
(i) Up to 15,000
(ii) From 15,001 to 20,000
150 PM
(iii) Above 20,000
200 PM

Pls Find the Respective Notification of the same

Andhra Pradesh New Professional Tax slabs WEF-FEB-2013

Maharashtra Specail Allowance From 1st Jan 2013 to 30th June 2013

Dear All,

Enclosed is the New Special allowance decalred by the Labour Dept from 1st Jan 2013 till 30th June 2013

Maharastra Special Allowance-1st Jan 2013 till 30th June 2013

Tax Saving Tips – Investments and Deductions Under Section 80C


Tax Saving Tips – Investments and Deductions Under Section 80C
Your hard earned income is subject to taxation under the Income Tax Act. You can save a part of your income as a tax deduction; thus reducing your total taxable income. Such tax deduction options are available under the various sections of it act. Section 80 c provides that Rs 1 lac per annum can be saved from being taxed by investing in such instruments:
§ Public Provident Fund (PPF)
§ National Savings Certificates (NSC)
§ Contributions to Employees Provident Fund (EPF)
§ Fixed Deposit (FD) with Banks having a lock-in period of five years
§ Equity Linked Savings Scheme (ELSS) of Mutual Funds
§ Unit Linked Insurance Plan (ULIP)
§ Life Insurance Premiums
§ Repayment of Housing Loan (Principal)
It is applicable for individuals irrespective of their tax bracket and annual income. These are the tips under this section that will help you save your tax from your income.
It is the risk free government tool with a lock in period of 15 yrs and is beneficial for those seeking long term investment. You can invest up to Rs 1lac in all at the current rate of 8.8%.  . The interest earned here is not taxed. The minimum investment in PPF is Rs 500 per year and the maximum investment is Rs 1,00,000/- per year. It can be a lump sum investment or can be divided in to a 12 transaction per year. A special benefit that comes along is that in case of insolvency it will not be attached to the assets of the insolvent. PPF can be used for minors as well, who can avail benefit of the same when they turn 18.
Very secure since it is backed by the government. Interest rate for 5-year NSC delivers 8.6% whereas 10-year NSC offers 8.9%. Interest earned is subject to tax and there is no limitation on the amount of investment. NSC is eligible for use as a security in order to derive a loan from the banks. Minimum amount is Rs100.
Employees provident fund is the deduction from the salary (minimum a 12%) made by the employer into a provident fund account. This deduction is mandatory on the earned income as an aid to both private and non pensionable public sector employees. A fraction of your monthly income is deducted and gets accumulated till the time employee attains the retirement age. After the age of 55, the employee can withdraw full amount at any time. Apart from monthly deduction the employee can contribute extra through VPF voluntary contributions.
In a Fixed Deposit Saving Scheme a certain sum of money is deposited in the bank for a specified time period with a fixed rate of interest. For tax free bank deposit under section 80c, lock in period of 5 yrs is a must and premature withdrawal is not allowed. The amount under this FD is deducted from the taxable income and the maximum permissible amount is Rs1 lac. This amount can be undertaken for a loan. A safe investment option beneficial for those who want to lock their money for long. However the interest received on such deposit is taxable.
This market linked investment comes up with a 3 year lock in period. ELSS is your helping hand in saving tax offering high returns. With low expenses, this option ensures a high liquidity and growth in long term. Withdrawing before a 3 year period is not allowed.  Also ELSS returns are not guaranteed as they are market linked investments.
 ULIP is the risk free investment option that lets you flexibly invest wherein part of the premium pay goes toward the sum assured and the balance will be invested in whichever investments you choose depending upon the scheme-equity, debt or a mix of the both. The premium that is paid under these schemes is considered under this section. It can be partly exposed to stock market. ULIP schemes come in insurance cover forms as well as investment options.
This includes the premiums that you pay for the LICs or insurance policies under other private insurance companies. The policies ensuring life of self, spouse or any child are considered. Also, insurance premiums paid for parents, is covered for deduction under 80C. Thus, the total amount for all premiums from all eligible policies can be included as the deduction.
Under section 80c , the principle component that you pay for your home loan is eligible for deduction. The yearly amount that is spent under the repayment of housing loan as the principal can be deducted from the taxable income.
Courstesy ©2013 Sensys Blog. All Rights Reserved.

Friday, February 01, 2013

EPF (Employees’ Provident Fund) Linked With Aadhaar Card

EPF (Employees’ Provident Fund) Linked With Aadhaar Card
Trying to open an Employees’ Provident Fund Account? Ensure an aadhaar number first. The employees provident fund organization (EPFO) has mandated to provide aadhaar card numbers in order to register for an EPF account. Employees joining from March 2013 into the organised sector, looking forward to open an EPF account will call for an aadhaar card at hand.
Entry of new members under the EPF scheme will go on at the same pace, but plenty of the aspiring members might not have their aadhaar numbers. Aadhaar is basically  the unique identification number issued to the individuals for the purpose of establishing a sole identity of each. Those who have been lucky to get themselves enrolled have been awaiting their cards for quite a long. Whereas, the other workers or employees who may hail from, distant and remote areas where the idea of aadhaar has not even reached have been disadvantaged of the enrolment too. Thus leaving a large number of people deprived of their aadhaar numbers.
 Linking EPF with aadhaar card is a way of the government to push more and more people into enrolment for the UID (UNIQUE IDENTITY) cards. And the EPFO suggests the employers to contact UIDAI (UNIQUE IDENTIFICATION AUTHORITY OF INDIA) in order to lay down camps or centres nearby workplaces /industries/offices so that employees at work can easily start off with the process and avail of it at the earliest
 However, for those who do not have the cards can get an Enrolment ID (EID) as per the EPFO plan which can be later transformed into their aadhaar numbers
By June 30th,2013 the 50 million existing members must present their aadhaar numbers to the EPFO as aadhaar is now an essential Know Your Customer (KYC) credential. Besides, it will be of great help to the EPFO members and to those seeking benefits under the scheme will also be facilitated by providing your aadhaar number. All subscribers of EPFO, old or new must hurry, enroll and fetch their aadhaar card numbers.


Tuesday, January 29, 2013