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Income tax return filing, other tasks you need to complete by December 31

Failure to comply with the deadline may create inconvenience for the defaulters.
Representative Image
Representative Image
Published on Dec 24, 2021 07:11 AM IST
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By, New Delhi

Avail benefits of up to 7 lakh under EPFO's Deposit Linked Insurance Scheme

Account holders are eligible for assured life insurance benefits, without having to pay any premium.
Employees’ Provident Fund Organisation (EPFO/HT Photo)
Employees’ Provident Fund Organisation (EPFO/HT Photo)
Published on Dec 05, 2021 03:37 PM IST
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By, New Delhi

After EPFO decision, you don’t have to get your PF fund transferred

The EPFO took the decision at the 229th meeting of its top decision-making body, the Central Board of Trustees (CBT), headed by Union labour minister Bhupender Yadav.
The EPFO also announced several other decisions at the Central Board of Trustees meeting. (File Photo)
The EPFO also announced several other decisions at the Central Board of Trustees meeting. (File Photo)
Published on Nov 21, 2021 07:34 AM IST
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By | Written by Meenakshi Ray, New Delhi

EPFO board to meet today. PF interest rate, pension hike on agenda

The EPFO Central Board of Trustees is a statutory body constituted by the government under provisions of Section 5A of the Employees’ Provident Funds and Miscellaneous Provisions Act, 1952.
Any decision taken by the Central Board of Trustees (CBT) is biding on EPFO. (HT File Photo)
Any decision taken by the Central Board of Trustees (CBT) is biding on EPFO. (HT File Photo)
Published on Nov 20, 2021 01:34 PM IST
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By | Written by Meenakshi Ray, New Delhi

UPSC EPFO results 2021 declared, link for list of shortlisted candidates

  • UPSC EPFO results 2021: The Union Public Service Commission on Friday, October 8 declared the results of the written test for the posts of Enforcement Officer - Accounts Officer, EPFO.
UPSC EPFO results 2021: Candidates who have appeared in the UPSC EPFO exam 2021 can check their results from the official website of UPSC at upsc.gov.in.(upsc.gov.in)
UPSC EPFO results 2021: Candidates who have appeared in the UPSC EPFO exam 2021 can check their results from the official website of UPSC at upsc.gov.in.(upsc.gov.in)
Published on Oct 08, 2021 06:40 PM IST
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Aadhaar-PF seeding: Northeastern states granted time till Dec 31 to comply

LWE-affected areas and industries such as construction and plantation also have time till the end of the year to comply with mandatory seeding.
Employees' Provident Fund Organization (EPFO)
Employees' Provident Fund Organization (EPFO)
Updated on Sep 14, 2021 10:55 AM IST
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By, New Delhi

EPFO likely to pay interest early to boost festive spirit

The EPFO’s central board has approved the interest rate. The retirement fund manager has sought the finance ministry’s nod and is expected to get a go-ahead soon, said one of the two officials mentioned above.
The move could cheer the salaried class, which has faced months of job and income loss.
The move could cheer the salaried class, which has faced months of job and income loss.
Published on Sep 06, 2021 03:52 AM IST
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Livemint | ByPrashant K Nanda, New Delhi

UPSC EPFO exam on September 5: Important points for candidates

  • The Union Public Service Commission (UPSC) will conduct a recruitment test on September 5 for the selection of Enforcement Officer or Accounts Officer in the Employees’ Provident Fund Organisation (EPFO), Ministry of Labour and Employment.
UPSC EPFO exam on September 5: Important points for candidates(HT File)
UPSC EPFO exam on September 5: Important points for candidates(HT File)
Published on Aug 30, 2021 10:14 AM IST
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EPFO additions jump to a 3-month high

  • Of the new payroll additions or EPF subscribers added in June, 450,000 were in the 18-25 age group, followed by 139,478 in the 35-plus age group, showed EPF data.
According to the Employees’ Provident Fund Organization (EPFO) data, new payroll additions were at 619,051 in May and 763,312 in April.(Mint file photo)
According to the Employees’ Provident Fund Organization (EPFO) data, new payroll additions were at 619,051 in May and 763,312 in April.(Mint file photo)
Published on Aug 21, 2021 12:24 AM IST
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ByPrashant K Nanda, Hindustan Times, New Delhi

Small contractors, security cos create bulk of jobs in May

  • In the 18-25 age group, almost 59% of net payroll additions in May came from expert services. Of the net addition of 345,000 new hires across 10 top industry segments, the category contributed over 200,000, with the rest spread across the other nine sectors.
The trend is almost similar across several age groups, prompting labour economists to say that decent, well-paid jobs are missing from the market.(Representational photo)
The trend is almost similar across several age groups, prompting labour economists to say that decent, well-paid jobs are missing from the market.(Representational photo)
Published on Jul 28, 2021 02:53 AM IST
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ByPrashant K Nanda, New Delhi

EPFO likely to credit 8.5% EPF interest rate soon: How to check PF balance

PF subscribers can check their balance through four different ways. SMS, UMANG app, missed call and EPFO website.
FILE Photo: Employees provident fund organisation head office , EPFO office.
FILE Photo: Employees provident fund organisation head office , EPFO office.
Published on Jul 26, 2021 02:41 PM IST
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By | Written by Karan Manral, New Delhi

EPFO could invest part of its corpus in infrastructure sector: Report

The EPFO recently allowed its members to avail second non-refundable Covid-19 advance. This was done to meet the financial need of members during the Covid-19 pandemic.
The EPFO gives retirement benefits to employees.(Mint File Photo)
The EPFO gives retirement benefits to employees.(Mint File Photo)
Published on Jul 12, 2021 10:40 AM IST
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By | Edited by Amit Chaturvedi, Hindustan Times, New Delhi

EPFO likely to invest part of its corpus in InvITs

  • An InvIT is an alternative investment fund (AIF) that works like mutual funds and is overseen by market regulator Securities and Exchange Board of India (Sebi).
There is an understanding that through InvITs, infrastructure projects can raise long-term funds from pension funds, said an official.(MINT)
There is an understanding that through InvITs, infrastructure projects can raise long-term funds from pension funds, said an official.(MINT)
Updated on Jul 12, 2021 04:56 AM IST
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ByPrashant K Nanda, New Delhi

Do you know EPFO allows withdrawal of funds for medical emergency? Details here

  • The Employees’ Provident Fund Organisation (EPFO) permitted this facility, citing that in life-threatening diseases, most of the times, a patient has to be hospitalised on a priority and getting an estimate from the hospital becomes difficult in such situations.
The Employees’ Provident Fund Organisation (EPFO) allows withdrawal of medical advances of up to <span class='webrupee'>₹</span>1 lakh without an estimate from the hospital or documentation.
The Employees’ Provident Fund Organisation (EPFO) allows withdrawal of medical advances of up to 1 lakh without an estimate from the hospital or documentation.
Updated on Jul 08, 2021 01:24 PM IST
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By | Written by Sharangee Dutta | Edited by Amit Chaturvedi, Hindustan Times, New Delhi

Separate accounts for provident fund, pension for employees on the cards

  • The aim behind the move is to ensure that employees do not end up withdrawing their savings from the pension fund while withdrawing from the provident fund.
The Employees Provident Fund Organisation office (EPFO) building on Rajaram Mohan Roy Road in Bangalore(Mint Print)
The Employees Provident Fund Organisation office (EPFO) building on Rajaram Mohan Roy Road in Bangalore(Mint Print)
Published on Jun 23, 2021 06:39 PM IST
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By | Written by Shankhyaneel Sarkar | Edited by Avik Roy, Hindustan Times, New Delhi

EPFO adds 12.76 lakh net new subscribers in April, an increase of 13.73 pc

The Ministry of Labour and Employment in a release said that despite the second wave of COVID-19 pandemic, April 2021 registered an increase of 13.73 percent net subscribers addition as compared to the previous month.
Of the 12.76 lakh net subscribers added during the month, around 6.89 lakh new members have come into the social security coverage of EPFO for the first time.(HT Archive)
Of the 12.76 lakh net subscribers added during the month, around 6.89 lakh new members have come into the social security coverage of EPFO for the first time.(HT Archive)
Published on Jun 20, 2021 10:21 PM IST
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ANI | , New Delhi

EPFO hikes death insurance under EDLI scheme to 7 lakh

In a gazette notification, the Employees’ Provident Fund Organisation (EPFO) said the minimum death insurance has been increased to 2.5 lakh and the maximum to 7 lakh, from the earlier limits of 2 lakh and 6 lakh, respectively.
It means the lower limit of this insurance benefit will be effective retrospectively from February 15, 2020.(File photo)
It means the lower limit of this insurance benefit will be effective retrospectively from February 15, 2020.(File photo)
Published on Apr 30, 2021 11:39 PM IST
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ByPrashant K. Nanda, New Delhi

EPFO retains 8.5% interest on EPF deposits: Here's how it is calculated

  • Here’s how you can calculate the EPF interest
The EPFO has decided it will pay an 8.5% interest on deposits based on the current position of earnings and deposits of the organisation.(File photo)
The EPFO has decided it will pay an 8.5% interest on deposits based on the current position of earnings and deposits of the organisation.(File photo)
Published on Mar 04, 2021 07:22 PM IST
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By | Edited by Mallika Soni

EPFO may declare interest rates on EPF deposits for 2020-21 today

  • In March 2020, EPFO had reduced the interest rate on provident fund deposits to a seven-year low of 8.5% for 2019-20. The interest rate was 8.65% in 2018-19 and 8.55% for 2017-18. The interest rate was 8.65% in 2016-17.
According to the payroll data released last Saturday, net new enrolments with EPFO grew by 24 per cent to 12.54 lakh in December compared to the same month in 2019.(Mint Archive)
According to the payroll data released last Saturday, net new enrolments with EPFO grew by 24 per cent to 12.54 lakh in December compared to the same month in 2019.(Mint Archive)
Updated on Mar 04, 2021 09:26 AM IST
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By | Edited by Mallika Soni

EPFO adds 12.54 lakh new subscribers in December: Labour ministry

Nearly 53.70 lakh subscribers were added in the first three quarters of the current financial year (April-December, 2020), despite the ongoing virus pandemic, a release issued by the ministry said.
According to the data, around 6.41 lakh new members joined EPFO in November 2020.(HT Photo)
According to the data, around 6.41 lakh new members joined EPFO in November 2020.(HT Photo)
Updated on Feb 20, 2021 09:49 PM IST
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By | Written by Harshit Sabarwal, New Delhi

Supreme Court recalls 2019 order on employee pension

An SC bench, headed by Justice Uday U Lalit, allowed the review petitions filed by the Employees Provident Fund Organisation (EPFO) and decided to reconsider the previous order that permitted grant of Provident Fund pension proportionate to the salary.
The bench, which also included Justices Hemant Gupta and S Ravindra Bhat, jointly heard the EPFO’s review petition and the appeal filed by the Central government on Friday last week.(HT Photo)
The bench, which also included Justices Hemant Gupta and S Ravindra Bhat, jointly heard the EPFO’s review petition and the appeal filed by the Central government on Friday last week.(HT Photo)
Updated on Feb 02, 2021 06:06 AM IST
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By, New Delhi

SC to consider review plea in EPF pension case: Here's what you need to know

The three-member bench considering the review petition is headed by Justice UU Lalit.
Supreme Court of India (File photo)
Supreme Court of India (File photo)
Updated on Jan 18, 2021 07:40 PM IST
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Byhindustantimes.com | Edited by Mallika Soni

EPFO starts crediting 8.5% for 2019-20, amount to reflect in EPF accounts from Jan 1

“It (8.5 per cent interest) would comprise 8.15 per cent from debt income and balance 0.35 per cent (capital gain) from the sale of ETFs (exchange traded funds) subject to their redemption by 31st December, 2020,” he said.
Gangwar had approved the 8.5 per cent rate for last fiscal after receiving the finance ministry’s concurrence. Thereafter the direction was sent to the EPFO for crediting the interest on EPF into the subscribers’ accounts.(Mint Archive)
Gangwar had approved the 8.5 per cent rate for last fiscal after receiving the finance ministry’s concurrence. Thereafter the direction was sent to the EPFO for crediting the interest on EPF into the subscribers’ accounts.(Mint Archive)
Updated on Dec 31, 2020 05:53 PM IST
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New Delhi | ByPress Trust of India | Posted by Shankhyaneel Sarkar

Labour minister says EPFO settled 52 lakh Covid-19 claims, disburses Rs 13,300 cr

Speaking at Assocham Foundation Week programme, Labour Minister Santosh Gangwar said EPFO has settled 52 lakh Covid-19 withdrawal claims and disbursed Rs 13,300 crore to subscribers during the pandemic.
10 May 2016, Bhikaji Cama Place,New Delhi: employees provident fund organisation head office , EPFO office.(Mint Archives)
10 May 2016, Bhikaji Cama Place,New Delhi: employees provident fund organisation head office , EPFO office.(Mint Archives)
Published on Dec 16, 2020 02:43 PM IST
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New Delhi | ByPress Trust of India | Posted by Srivatsan K C

EPFO likely to credit 8.5 per cent interest on EPF for 2019-20 by Dec

Earlier in September this year, the Employees Provident Fund Organisation had decided to split 8.5 per cent interest into two installments of 8.15 per cent and 0.35 per cent in its trustees meet headed by Labour Minister Santosh Gangwar.
Retirement fund body EPFO is likely to credit 8.5 per cent rate of interest for 2019-20 in the employees’ provident fund (EPF) accounts of around six crore subscribers in one go by the end of December.(File photo)
Retirement fund body EPFO is likely to credit 8.5 per cent rate of interest for 2019-20 in the employees’ provident fund (EPF) accounts of around six crore subscribers in one go by the end of December.(File photo)
Published on Dec 13, 2020 11:30 AM IST
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New Delhi | ByPress Trust of India| Posted by Mallika Soni

EPFO extends time limit for submission of life certificate to Feb 2021

“In view of the ongoing Covid-19 pandemic and the vulnerability of elderly population to the virus, EPFO has extended the time limit up to 28th February 2021 for submission of Life Certificate (Jeevan Pramaan Patra-JPP) in respect of the Pensioners drawing pension under EPS 1995 and whose Life certificate is due in any month till February 28, 2021,” the ministry said in a press release.
A pensioner can submit the life certificates anytime during the year up to November 30, which is valid for a period of one year from the date of issue, the release mentioned.(File Photo)
A pensioner can submit the life certificates anytime during the year up to November 30, which is valid for a period of one year from the date of issue, the release mentioned.(File Photo)
Updated on Nov 28, 2020 05:50 PM IST
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Hindustan Times, New Delhi | Byhindustantimes.com| Edited by: Harshit Sabarwal

EPFO loses firms, subscribers in Oct amid continued stress

Contributing establishments with retirement fund manager EPFO dwindled to 504,044 in October from 534,869 in September, as per official data.
Industry experts and economists argued that the fall in contributing establishments is a clear indication of the economic environment.(Mint | Pradeep Gaur)
Industry experts and economists argued that the fall in contributing establishments is a clear indication of the economic environment.(Mint | Pradeep Gaur)
Updated on Nov 18, 2020 04:54 AM IST
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Livemint, New Delhi | ByPrashant K Nanda

Address change request trips EPFO officer who forged ST certificate for job 35 years ago

The alleged forgery came to light when the accused applied for changing his permanent address, stating that he is a resident of Mathura and does not hail from Sawai Madhopur, Rajasthan.
The CBI said the enforcement officer, who is posted in Gurugram, has been booked for fraud, forging document with purpose of cheating, using forged document as genuine and criminal conspiracy.(PTI)
The CBI said the enforcement officer, who is posted in Gurugram, has been booked for fraud, forging document with purpose of cheating, using forged document as genuine and criminal conspiracy.(PTI)
Published on Nov 02, 2020 03:44 PM IST
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Hindustan Times, Lucknow | By

Spike in internal remittance, new EPFO registrations indicate recovery: Report

After a significant reduction in remittances due to the lockdown in April, it improved in June and July, and the numbers in September have crossed the pre-pandemic level in February
Published on Oct 28, 2020 10:27 AM IST
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Mumbai | ByPress Trust of India | Posted by Prashasti Singh

EPFO is in ‘worrying state’, CPI MP Viswam writes to labour minister

In his letter to MoS (Labour) Santosh Gangwar, Viswam urged the minister to raise minimum pension, computation cap on pension
Employee Provident Fund Organisation (EPFO) (HT Photo)
Employee Provident Fund Organisation (EPFO) (HT Photo)
Updated on Oct 23, 2020 02:41 PM IST
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Hindustan Times, New Delhi | Byhindustantimes.com | Edited by Karan Manral
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