Introduction: Introduce the recent circular issued by the Employees’ Provident Fund Organization (EPFO) and the corresponding directive from the Unique Identification Authority of India (UIDAI). Highlight the significance of this decision in the context of identity verification and the legal landscape.This information sheds light on an important change regarding the acceptance of Aadhaar as proof… Read more »

Explore the intricacies of EPFO inspections with our detailed breakdown of Circular CAIU/056/V-III/2023/2291. Gain insights into the latest guidelines, FAQs, and essential procedures for seamless compliance.” Detailed explanation and some specific guidelines for employers, as per the FAQ mentioned in the circular is presented in tabular format: FAQ Number Question Answer and Explanation Employer’s Action/Consideration… Read more »

EPF Interest Rate EPF is a retirement benefits scheme under the Employees Provident Fund and Miscellaneous Act, 1952, where an employee has to pay a certain contribution towards the scheme and an equal contribution is paid by the employer as well on a month on month basis. The Scheme is managed by Employee Provident Fund… Read more »

EPF Rate of interest has been declared on 22nd Mar 2022 for the F.Y 2021-2022 @ 8.10 % The respective circular of the same is attached.

EPFO has executed agreements with numerous pension disbursing banks for credit of pension to its pensioner. Current bank agreement with pension disbursing banks states that: “Pension will be credited on the 1st working day of the month to which the pension relates or in any case not later than 5th day of the month“. However,… Read more »

In view of the initial signs of a surge in cases of COVID-19,  the matter regulating attendance of Central  Government employees has been reviewed and it has been decided as under. with immediate effect till 3151  January 2022:- (i)        Physical attendance of  Government servants below the level of  Under Secretary shall be restricted to 50% of… Read more »

Good News from EPFO & relief to the Employers from levy of Damages for the delay in deposit of challan for the month of May 2021 due to Non-seeding of Aadhar in UANs should not be presumed as employers default and have to appreciate each case in its own facts under the respective sections of… Read more »