Dear all,In  regards to the New ECR 2.0 version  unified portal was not responding due to connectivity issues etc in regards to the same  the Competent Authority has decided that, as a special case, concession of grace period of 5 days is allowed for the employers to deposit the contribution and other dues for the… Read more »

Good NewsPF has  comeout with Notification , accordingly,  special survey drive will be initiated from 1st Jan 2017 by department for coverage of the Establishment.The Establishment which is legally liable for coverage will be covered under the Act.Benefits are as below;1. Only Employer Share will be levied. 2. Interest as applicable on Employer’s Share.3. Damages @… Read more »

Dear all,  Amendment in the respective  Employees’ Provident Funds (Sixth Amendment) Scheme, 2016 i.e in para 72  In the Employees’ Provident Funds Scheme, 1952, in paragraph 72, in sub-paragraph (6),- (a) for the words “ceased to be employed”, the words “retired from service after attaining age of fifty-five years or migrated abroad permanently” shall be substituted; … Read more »

Dear all,In the indian Market many employees come from Bhutan & Nepal for Job & specially this employees are working in Security Guard etc & when and they were treated as International worker & the respective employee cant withdraw the respective dues when he leave the job  & he has to wait till age 58… Read more »

Dear all,During Pragati Review Meeting which was held on 26th Oct 2016 Hon’ble Prime Minister had showed his concern regarding delay in settlement of EPF/EDLI /EPS claims especially in Death casesHon’ble Prime Minister has instructed and ensured that all Death cases claims should be settle within a period of 7 days from date of submission… Read more »

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 »

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 »

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 »

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

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 »