PF Registration is mandatory for all the organizations that have 20 or more employees. Such organizations are required to contribute a fixed amount towards Employee Provident Fund out of employee salary and wages. If an employer fails to get EPF employer registration, or indulges in false represent...
Employee Provident Fund or EPF is a government initiative in India through which private employees can get a pension. These are solely meant for private employees of organizations with more than 20 employees. If you don’t yet have an EPF account, you can opt out of it. But once you regis...
The Employees' Provident Fund Organisation (EPFO) in India has announced that it will no longer accept the Aadhaar Card as proof of date of birth. The decision was made with the approval of the Central Provident Fund Commissioner (CPFC). Instead, the EPFO will now consider other documents as...
The government has taken necessary steps to offer UAN upfront to employees thus paving the way to experience the next generation of e-enabled services of EPFO. How to Transfer Your EPF Money Online The UAN number makes it simple to track your funds even while you move from one organisation ...
With EPF, employees also have an option of loan. Employees are presented with a choice of withdrawing 90% of the PF account balance after 54 years. If a person is jobless for 1 month, he can take out 75% of the PF balance and the remaining 25% after the 2nd month of unemployment. ...
(Universal Account Numbers).But passbook of employees of exempted trust is not available on the EPF website/Umang.There are more than 1000 such companies in India large companies like TCS, Wipro, Hindustan Unilever (HUL), Reliance and public sector organisations like Bharat Heavy Electricals (...
What are inoperative EPF account? Many employees don’t transfer their employee provident fund account when they shift jobs. It might be because it requires follow up with the existing employer or they feel the process is cumbersome.Since 1 April 2011, EPFO has stopped crediting interest to acco...
Employees’ Provident Fund (EPF) is one of the oldest schemes offered by the Centre to ensure a safe and secure retirement of employees. Under this scheme, employees contribute 12% of their basic salary every month during their time under service and an equivalent proportion is contributed by ...
To withdraw EPF amount, employees need not wait for the approval of the employer. If you have your UAN linked with Aadhaar in your EPF account, you can easily submit your claim in online. To make claim in online, your UAN should be active ...
The Employees’ Provident Fund Organisation (EPFO) has released a current Standard Operating Procedure (SOP) that outlines a thorough structure for transaction-less and inoperative EPF accounts. It specifically describes the procedural complexities related with UAN generation/lin...