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Provident fund body to provide all benefits through electronic mode by September: report

Provident fund body to provide all benefits through electronic mode by September: report: The Employees' Provident Fund Organisation (EPFO) has decided to make all payments to its beneficiaries through electronic mode from September this year, including provident fund claims, according to a senior official from the retirement fund body."The Employees' Provident Fund Organisation has decided to make...
Source : Ndtv |
Category : Others

What if your employer does not deposit EPF money

ecently, the Employees Provident Fund Organisation asked nearly 300 exempted private provident fund trusts to send their pending income tax exemption proposals by November.And, these may get approval if, among other reasons, they have been regular with submission of provident fund money deducted from their employees’ salaries.Says a Bengaluru-based regional provident fund commissioner, “The companies...
Source : Rediff |
Category : Business

The Debate in 2 minutes

Central Provident Fund (CPF) and MediShield Life insurance schemes came under intense scrutiny in Parliament...
Source : Straits Times |
Category : International

Employees' Provident Fund Organisation may announce higher interest than 8.5% provided last year

Employees' Provident Fund Organisation may announce higher interest than 8.5% provided last yearEmployees' Provident Fund Organisation may announce higher interest than 8.5% provided last yearRetirement fund body EPFO may announce higher interest rate on provident fund deposits for its over five crore subscribers in the current fiscal than 8.5% that was provided in 2012-13."The rate of return on PF...
Source : DNA |
Category : Others | City : Mumbai

Employees' Provident Fund Organisation may approve 8.5% interest rate for 2013-14

Employees' Provident Fund Organisation may approve 8.5% interest rate for 2013-14Employees' Provident Fund Organisation may approve 8.5% interest rate for 2013-14Retirement fund body EPFO is likely to announce an interest rate of 8.5% on provident fund deposits for 2013-14 to its over five crore subscribers, the same as provided for last fiscal.According to sources, the preliminary estimates indicate...
Source : DNA |
Category : Others | City : Mumbai

SBI agrees to issue receipt of cheques

The State Bank of India has directed all its branches to issue receipt of cheques at the counter in their bank branches, against the deposit of Employees Provident Fund dues. A press note from the Central Provident Fund Commissioner informed that the Employees Provident Fund Organization has been able to resolve a major problem of employers, with regard to the State Bank of India. It informed that...
Source : Morungexpress |
Category : Business | City : National

SBI to issue receipts for payments of provident fund dues

Resolving a major issue between State Bank of India (SBI) and the firms filing provident fund (PF) returns, the Employees' Provident Fund Organisaion (EPFO) has said the lender will now issue receipts for cheques or drafts deposited by them, avoiding uncalled for penalties for late clearances."Employees' Provident Fund Organisation has finally been able to resolve a major problem of employers with...
Source : Ndtv |
Category : Others | City : New Delhi

EPFO may announce interest rate higher than 8.5 per cent this fiscal year: report

EPFO may announce interest rate higher than 8.5 per cent this fiscal year: report: The Employees' Provident Fund Organisation (EPFO) may announce a higher interest rate on provident fund deposits for its over 5 crore subscribers in the current fiscal year (FY14) than 8.5 per cent provided in FY13, according to PTI sources."The rate of return on PF deposit for Employees' Provident Fund Organisation...
Source : Ndtv |
Category : Others

Property attached by EPFO cannot be sold by establishments: HC

held that a property attached under the Employees Provident Fund (EPF) Act for non-payment of provident fund arrears cannot be alienated or sold by the defaulting industrial establishment and such sale would become void.Allowing a petition by the Employees Provident Fund Organisation (EPFO) seeking cancellation of the sale of 1.23 acre property of a Madurai-based textile mill, attached under EPF Act,...
Source : Oneindia |
Category : National

Educomp defaults on provident fund payments, says 'delay brought upon by stress'

waEducomp defaults on provident fund payments, says 'delay brought upon by stress'Educomp defaults on provident fund payments, says 'delay brought upon by stress'NEW DELHI: Educomp, the Delhi-based technology services company that caters to education sector, has defaulted on provident fund remittance relating to about 15,000 employees, for the first six months of current financial year.The company,...
Source : The Economic Times |
Category : Business
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