Dear all, Employees’ Provident Fund Organisation (EPFO) has done away with the mandatory requirement of affixing one rupee revenue stamp on claim forms thereby bringing independence from this hassle to millions of PF subscribers every year Henceforth, one rupee revenue stamp will not be required for most of the claim forms as in 97 per… Read more »

Dear All,From 1st of June 2015  a new Amendment in Section 192A of the IT Act, 1961 – Instructions for deduction of TDS on withdrawal from PF  Income Tax shall be deducted at source (TDS) at the following rates if at the time of payment of the accumulated PF balance is more than or equal to Rs…. Read more »

Dear All,Pls refer to my blog in regards to continuation of Minimum  Pension  Rs 1000  in this regards enclosed is the Official Letter from EPF Office  Minimum Pension Rs 1000

The Union cabinet on Wednesday approved continuation of the minimum pension of Rs 1,000 per month beyond 2014-15 on a perpetual basis, benefitting about 20 lakh retirees covered under the pension scheme run by the Employees’ Provident Fund Organisation. Providing a minimum pension of Rs 1,000 per month is an effort to provide meaningful subsistence… Read more »

Dear All Pls refer to the said notification as enclosed where in the following changes have been amended from 1st Jan 2015 Circular and notification in regards to the same is enclosed pls click link belowEPF ADMIN & EDLI Charges AmmendmentEPF Admin Charges Old Rate New Rate 1.10  % of Total EPF Salary 0.85 % of… Read more »

Dear All,The CBT had decided the interest rate in the meeting held on 26th August but the procedure of the implementation of the interest rate of provident fund requires approval for the same by the Finance Ministry. The decision would now be notified by the Labour Ministry and Income Tax Department.The interest rate was increased… Read more »

As we all are aware the UAN  under EPFO has been implemented and in this regards Bank Account Number & IFSC Code is Compulsory under the UAN Program​.​ ​As we all Know, i​n this regards Our Prime Minister has launch​​ (pradhan mantri jan dhan yojana)​.​ ​H​ope all employees of your organisation must have opened the Bank… Read more »

Dear All,As New EPF Declaration form has been introduce by the dept all employer are requested to get fill in for all employees covered under EPF or Excluded The respective form is to be kept ready for reference as & when  EPF dept demand for verification New EPF Declaration Forrm

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 »

The EPF Act and Scheme Amended w.e.f 01-09-2014;Salient Features are;1. Wages Ceiling of EPF increase to Rs. 15000.2. Minimum pension Rs. 1000 for 2014-15.3. EDLI benefit increase by 20 percent. EPF & EPS Scheme Amended from 1st Sep-2014