A Software also Launched for Centralized Processing to Transfer and Consolidate Accounts with Ease EPFO Greets the Human Engines of Nation – Our Labour Force on International Labour Day Greeting workers on International Workers Day with the. Sh. Bandaru Dattatreya, the Union Minister for Labour & Employment (Independent Charge) launched a special Mission consolidation drive “One Employee-One EPF Account”… Read more »

25th Apr 2016 Government reducing EPF & MP act threshold 20 to 10 employees Government plans to amend the existing law to bring firms with minimum ten employees under the Provident Fund coverage, the Lok Sabha was informed today.(25th Apr 2016)Currently, companies with less than 20 employees are excluded from PF coverage. “A proposal for comprehensive… Read more »

 In the third roll-back in two months, the government today raised interest rate on employee provident fund (EPF) contributions to 8.8 per cent for 2015-16 against 8.7 per cent approved by the Finance Ministry last week. Labour Minister Bandaru Dattatreya announced the decision to raise interest rate on a day employee unions had called nationwide… Read more »

The Employees Provident Fund Organisation (EPFO) board will next month review a decision to restrict withdrawals amid widespread criticism. On Tuesday, union representatives flagged the concern at the meeting of the central board of trustees and suggested that the move should be rolled back, said two sources who attended the deliberations.  “The intent was different… Read more »

The government may have rolled back its budget proposal to tax employees provident fund (EPF) withdrawals, however, a number of employees, especially in the lower pay bracket, are still shelling out a hefty tax deducted at source (TDS). Eight months before the budget, a new section was quietly inserted in the Finance Act of 2015,… Read more »

Trade Unions including RSS-backed Bhartiya Mazdoor Sangh (BMS) have demanded that retirement fund body EPFO shall either allow unemployed subscribers to withdraw their entire PF or give interest on retained amount.  “We will demand from Labour Minister that either EPFO pays entire amount in PF account or pay interest on the retained amount to unemployed… Read more »