In ouropinion, this move was done to benefit employers more than the employees.For employees, 2% on Basic is a small reduction but for an employer, 2% on Basic of every eligible employee will be a big impact on their liquidity.Reduction of EPF contribution to 10% would increase 4.3 crores...
Yes, if you intend to access the EPF portal to access online services, it is necessary to connect the UAN directly to both your PAN and Aadhaar. Q: What is the process for employees to receive the UAN number? Ans: If you're employed by an organisation that employs more than 20 people...
Once he shifts to NPS, the employee will have a one-time chance to return to the EPF fold. In EPF, 24% of an employee’s salary is diverted to the EPF as a mandatory retirement saving scheme.There is no clarity on how the amount mandatorily deducted from the employer’s contribution a...
Apart from finances, try to become indispensable or as close to indispensable as possible in your job/profession. That way, you can reduce the threat of a recession/slowdown on your life. Easier said than done, but that’s the truth. You may never become a recession-proof employee but at...
of long-term goals first before I break them down into annual resolutions; then further down to monthly targets, weekly activities and daily commitments. So in 2017 (or any other year), when you have your long-term goal in mind, every daily task you do should contribute to the big goal...
Details on how to Reset and Change UAN password after Logging in UAN The UAN is a 12-digit number allotted to each Employee Provident Fund(EPF) member by the Employee Provident Fund Organization(EPFO) which gives him control of his EPF account and minimizes the role of employer. Once the ...