Posts By: Prakash Consultancy Services

Mandatory Bank Account at the time of Joining EPF Fund

Posted by & filed under Provident Fund - (Notification -Circulars).

Dear Employer, Central Government has issued direction under Para 78(1) of the Employees’ Provident Funds Scheme, 1952 to issue order making submission of Bank Accounts by the members mandatory in order to facilitate the allotment of Universal Account Number, proper implementation of the Employees’ Provident Funds Scheme, 1952 and removal of the difficulties in the… Read more »

Budget Speech of Arun Jaitley Minister of Finance 10th July, 2014 – -Gazetted copy

Posted by & filed under Budget Speech -2014.

Dear All,Pls find enclosed  the Budget Speech of Arun Jaitley Minister of Finance 10th July, 2014 -Gazetted copyPls refer to Page No 29 in regards to Provident fund ceiling increase in mandatory wage ceiling of subscription to EPF from `Rs  6,500 to Rs 15,000Budget Speech of Arun Jaitley Minister of Finance 10th July, 2014 -Gazeeted copy

Amendment in Employees Provident Fund Scheme in regards to Settlement of inoperative accounts

Posted by & filed under Provident Fund - (Notification -Circulars).

Dear All,Pls find enclosed is the Gazetted copy in regards to Employees Provident Fund Scheme in regards to settlement of inoperative accounts In brief  if the settlement of claim in respect of inoperative account is delayed for more than thirty days from the date of receipt of the application for settlement of claim, interest shall be credited… Read more »