Page 3 - Employees Provident Fund

EPFO looks to hire law firms to provide legal opinion, associated services

The approved law firms will be empanelled with the EPFO headquarters in New Delhi for an initial period of one year, which can be extended to three years

EPFO moving towards automation; set to rationalise workforce for efficiency

EPFO said it is moving more from forceful compliance to voluntary compliance. And, in the future, it will be fully governed by technology

EPFO sees over 1 million new subscribers for fourth straight month

Though fresh additions slip sequentially in July, women enrolment at a record high

Gender disparity: Harder for women to re-enter job market, shows EPFO data

Payroll data released by the National Statistical Office shows only 18.67 per cent of the persons that rejoined and re-subscribed employees' provident fund (EPF) are female

EPFO made over Rs 67,000 crore from exchange-traded funds, shows data

Annual ETF investments of nearly Rs 36,000 cr on average since 2019-20

Women make progress but higher education has gender balance problem still

IIM Raipur admits more women than men in its PG course but top engineering and management institutes need more diversity

Top Headlines: GST e-invoicing for firms, corporate earnings in FY23 & more

The central government is planning to make GST e-invoicing mandatory for companies with a turnover of Rs 5 crore and above, a government official said. Read more on this in our top headlines

How to file EPFO e-nomination online via UAN; check steps and features

There is no deadline for filing e-nomination and it isn't mandatory for filing advance claims; but it speeds up online claim settlement by nominees

EPFO equity push: Stock returns more than 2x those of bonds, shows data

Retirement fund also invests in CPSE index, which has been a laggard among ETFs

EPFO mulls increasing equity investment limit to 25% to bridge shortfall

Earlier on Saturday, the government approved 8.1% rate of interest on EPF deposits for 2021-22, which is an over four-decade low, for about 50 million subscribers of EPFO

Invest by the 5th of a month to optimise return on PPF, say experts

One significant point investors must remember while investing in PPF is that they must put in the money at the right time to maximise the return they earn from it.

EPF continues to beat inflation even with interest rate at four-decade low

The scheme also offers better returns than other most other investment avenues

Early start, more equity can beat low interest rates, say analysts

Counter the cut in EPF rate with an asset-allocated retirement portfolio and using instruments like NPS

Why your allocation to EPF should not change despite interest rate cut

The Employees' Provident Fund Organization recently slashed the interest rate on EPF from 8.5% to 8.1% for 2021-22. This is the lowest rate in more than four decades. But it still holds the edge.

TMS Ep130: Smartphone production, EPF rate, markets, submarine cable

Will lockdown in China impact India's phone production? What should you do after EPF interest rate cut? How will the market react to US Fed meeting? What are submarine cables? All answers here

Employer has to pay damages for delay in payment of EPF contribution: SC

An employer is under an obligation to pay the damages for delay in payment of the contribution of Employees' Provident Fund (EPF) of an employee, the Supreme Court said on Wednesday. A bench of Justices Ajay Rastogi and Abhay S Oka said Employees Provident Fund & Miscellaneous Provisions Act is legislation for providing social security to the employees working in any establishment and engaging 20 or more persons. The top court said that the Act casts an obligation upon the employer to make the compulsory deduction for provident fund and to deposit in the workers' account in the EPF office. We are of the considered view that any default or delay in the payment of EPF contribution by the employer under the Act is a sine qua non for the imposition of levy of damages under Section 14B of the Act 1952 and mens rea or actus reus is not an essential element for imposing penalty/damages for breach of civil obligations/liabilities, the bench said. The top court was hearing an appeal filed .

Understanding provident fund and public provident fund

Those working in the private sector don't have retirement benefits like pension. The retirement corpus they build over the years is through provident fund (PF). But what are PF and PPF? Let's find out

Chipping away at EPFO's benefits

If the Centre only enforces mobility between the EPFO and NPS, the subscribers will settle the argument by voting with their feet

Separate accounts within PFs to be maintained for taxation purpose

The Budget 2021-22 announced income tax on interest accrued on annual provident contributions above Rs 2,50,000 for non-govt employees and Rs 500,000 for govt employees

Rejig wage structure to benefit from EPF rule change, say analysts

If employer contribution is low, get salary restructured to enjoy higher tax-free interest