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Govt Extends 24% EPF Contribution Under Atmanirbhar Bharat To 3 More Months

On Wednesday, the Union Cabinet approved the extension of the contribution of both employees' and employers' share under Employees' Provident Fund (EPF) scheme, totalling 24 percent, for another 3 months, as part of the Pradhan Mantri Garib Kalyan Yojana or Aatmanirbhar ...

Does Relaxed EPF Deposit Rules For Employers Lead To Loss Of Interest Earned?

To help companies that may have faced cash constraints due to the nationwide lockdown or the COVID-19 outbreak, the Employees' Provident Fund Organisation (EPFO) had allowed companies to delay their contributions towards EPF (Employees' Provident Fund) account of their employees. Companies ...

Short Of Cash And Have To Deposit Your Insurance Premium-EPF Can Come Handy

Facing cash crunch and at the same time have to pay towards your life insurance policy which can be a daunting task amid such a situation, but if you are a service class individual working in the organized sector you are ...

EPF Interest Rate For FY20 Could Be Revised Lower To 8.1%: Report

On Thursday, a CNBC TV-18 report citing sources said the interest on Employees' Provident Fund or EPF could be cut to 8.1 percent versus 8.5 percent (earlier declared in March) for the financial year 2019-20 due to liquidity constraints. "EPFO income ...

Now EPF Claim Settlement Possibe From Any Of Its Regional Offices

The EPFO, the retirement fund managing body, on Monday launched a multi-location claim settlement facility. This move will enable claim settlement from any of the organization's regional offices across the country. Further as per the report, online claims that ...

5 Cheaper Alternatives To Personal Loans Amid COVID-19

The coronavirus pandemic has caused devastating economic damage apart from the obvious health crisis. Almost every company in India and abroad have been affected by the sudden slump in economic activity that has called for cost-cutting measures like pay cuts or ...

EPFO Is Processing EPF Pandemic Advance Facility In 3 Days

In the wake of covid 19 crisis, to assure employees covered under the scheme have been allowed to withdraw advance up to three months of basic salary plus dearness allowance or 75 per cent of the credit balance of the account, ...

PF Withdrawal Claim Being Delayed: This Is What EPFO Asks Of You

In case if you had applied for PF withdrawal claim, the provident fund organization EPFO has asked to apply through the Covid 19 facility as then it is processed automatically in 72 hours time. And this can be done even ...

How To Apply For PF Withdrawal On Umang App?

In the wake of Covid 19, EPFO to ease liquidity woes of salaried class has allowed Covid 19 non-refundable withdrawal facility. And this can be upto a maximum of 75% of the balance of the subscriber or up to three month's ...

Epf Contribution Why Employees And Employers Would Want To Stick To 12 Percent

EPF Contribution: Why Employees And Employers May Want To Stick To 12%?

The Employees' Provident Fund Organisation (EPFO) has now provided clarification on the reduction of contribution towards EPF (Employees' Provident Fund) for the months of May, June and July as part of the government's Atmanirbhar Bharat Package. The pension fund manager has ...

EPFO Clarifies On Employee CTC & Pension After EPF Rule Change

In a bid to ease liquidity situation of both employees and employer amid the pandemic when lockdown has disrupted life by a great deal and brought businesses to virtually a standstill, the government as part of its Covid 19 relief package ...

This EPFO Step Will Hasten Processing Of EPF Withdrawal Claims

For faster processing of EPF withdrawal claims amid the pandemic crisis, the retirement fund body the Employees' Provident Fund Organisation (EPFO) has allowed establishments covered under the EPFO to send aadhaar -based e-signature or the one-time registration of DSC or digital ...