Dear all,Good News for Exempted Establishment An Internal Circular dated 5.8.2016 issued by the EPFO to its Field Functionaries states that: Section 17 of the EPF & MP Act stipulates that the Appropriate Government may, by Notification in Official Gazette and subject to such conditions as may be specified in the Notification exempt whether prospectively… Read more »
Posts Categorized: Provident Fund – (Notification -Circulars)
Inspection In regards to Security/Manpower/Facility Management
Dear all, Pls refer to the attach circular dated 1st Aug 2016 from the Central PF Office where in all the field officer have been instructed to do the inspection of the respective establishment engaged in Security/Manpower/Facility Management. This is in regards to various complaints & grievance received regarding under reporting of employees contribution under the said act in respect of such establishment…. Read more »
The Government of India amends Employees’ Pension Scheme allowing members to contribute till 60 years of age
Key amendments in the notification Under the EPS, a new provision under sub-paragraph (7B) of paragraph 12 has been inserted enabling the following benefits: a) Contributions allowed after the age of 58 years but not beyond 60 years A member may opt to continue contributions under EPS till the age of 60 years if the… Read more »
Banking Employees are Covered under the EPF Act
Dear all,From 10th of Feb 2016 Will apply to all banks who employ 20 or more if they were not covered under Contributory Provident Fund or any other similar scheme.Respective notification is enclosed for your ready reference.PF applies to banks employees
Major 3 Latest Amendments In EPF And EDLI
Please Refer Herewith Enclosed ” Latest Amendments In PF And EDLI ” Summarised Version Of The Three Attachments: 1. Amendment To Para 26A Etc: Pertains To Withdrawal. Under Para 68NN, A Member Had The Option To Withdraw Upto 90% Of Total Accumulations One Year Before Superannuation Or 54 Years. By This Amendment, 54 Years… Read more »
EPF Grievances ob Android Mobile App
The Government of India has launched the CPGRAM Mobile App which can be installed on the android mobile phone for lodging the grievance, lodging the reminder/ clarification, and viewing the status of the grievance lodged earlier. You are requested to inform your employees of this facility.Step to install the Mobile App:-1. Log on to http://pgportal.gov.in2. Capture… Read more »
No Inspection for the Startup New Company under EPFO
Good Evening all! Pls refer to the said circular as issued by the EPFO in regards to No Inspection for the Startup New Company under EPFO. The directions were issued from the Secretary ( Labour & Employment) where in No inspection will be carried out by the EPFo Official for Next three years Start-Ups are allowed to submit self-certified… Read more »
PMO seeks welfare coverage for construction labour
The Prime Minister’s Office (PMO) has asked the labour ministry to ensure that all construction workers in the country are covered under social security schemes such as the Employees’ Provident Fund.Labour Secretary Shankar Aggarwal has also written to state governments to seek their co-operation in the endeavour.The biggest challenge in bringing millions of India’s construction… Read more »
Draft Letter for Name change in EPF if Wrong data sent in ECR
Dear all,As EPF has been online from Mar 2012 & due to some error by the user wrong data might have been uploaded in the EPF Online portal Due to this nowadays Joint Declaration need to be submit by the Employe & Employer I have prepared a Small draft of the same Pls down load & use the… Read more »
Removal of 5 Days Grace Period from EPF act 1952
Dear all, As per Para 38(1) of the EPF Scheme 1952 Paragraph 3 of Employees Pension Scheme 1995 and Paragraph 8(1) of the Employees Deposit Link Insurance the required EPF dues was to be paid within 15 days of close of every Month initially 5 days grace period was allowed as the reconciliation & payment was done manually and… Read more »