Employees contribute to Provident Fund for post retirement benefits. But when employees change jobs, some of them open a new EPF account and do not operate their old EPF account. As a result, that account
New Delhi: The Labour Ministry is all set to cap premature provident fund withdrawal at 75 percent of total deposits in case an EPFO subscriber goes without a job for two months.The rest 25 percent
New Delhi: The government is looking to cap premature provident fund withdrawals at 75 per cent for EPFO subscribers at any given time till the age of 58.Under the existing provisions, Employees Provident Fund Organisation
New Delhi: The law governing Employees Provident Fund (EPF) is soon to see drastic changes with government planning to discontinue mandatory 12% contribution by employees while retaining the outgo for employers, however, the arrangement will
New Delhi: The Central government is considering reducing provident fund (PF) contribution to 10 per cent from existing 12 per cent of basic wages.It is also likely that the government would waive-off mandatory PF contributions
New Delhi: As many as 500 companies have approached the Ministry of Labour to consider revamping of the laws governing salary payment and granting employees a choice in how they are paid their salary.A coalition
New Delhi: Retirement fund body EPFO will pay at least 8.5 per cent rate of return on PF deposits for 2013-14 to its over 5 crore subscribers as provided in the previous fiscal and the
New Delhi: The Employees Provident Fund Organisation will meet soon amid indicatios that it may announce higher interest rate on PF compared to 8.5 per cent interest rate given in 2012-13. The rate of return
New Delhi, Dec 7: Initiating an inquiry against employers for lapses in maintaining Employee Provident Fund Organisation (EPFO) accounts would become difficult, with the retirement fund organisation imposing a time bar of seven years for
Mumbai : On the heels of the provident fund board hiking interest rates by a percentage point to 9.5 per cent, the RBI on Thursday (Sept 16) signalled to banks to raise fixed deposit rates
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