Lately EPFO operated unified portal epf has faced lot of technical problems and remained down for most of the time. This has led to lot of bad press for the EPFO and digital initiatives launched by Indian Government. EPF remains one of the most important contributory social security scheme in India and its more than 5 crore members wants an...
Employee Provident Fund (EPF or PF) is the main pension scheme for large number of people working in private organized sector in India. It is managed by a government organisation called 'Employees Provident Fund Organisation (EPFO)'. It is one of the largest social security organisations in India in terms of the number of covered beneficiaries and the volume of financial transactions undertaken. ...
On March 6th 2017, PFRDA (Pension Fund Regulatory and Development Authority) in india has issued detailed instructions about transferring money from EPF to NPS.
EPF is india's primary social security scheme for private sector and at this moment has more than 6 crore members. Though EPF primarily invests in debt - thus giving interest in the order of 7 to 10%. NPS (National Pension Scheme) is ...
EPF (Employee Provident Fund) is India's main social security scheme covering more than 15 crore workers across India. Lately EPFO (Employee Provident Fund organization) has been working on digitising their systems so that members always have instant visibility about their balance and can withdraw it without going through lot of hassle. To simplify the process they have ...
EPFO (Employee Provident Fund Organization) has been working on simplifying the process of withdrawal from EPF (Employee Provident Fund) and EPS (Employee Pension Scheme). Earlier it has issued a new version of Form 19 & Form 10C for withdrawal and new version of Form 31 for Advance from member EPF account. But this process is now simplified even further with the introduction of new single page CCF forms.
CCF full form is Composite Claim Form and it is new simplified single page form for PF fund withdrawal or advance from EPF account. CCF Form comes under active circulation from Feb 20, 2017.
Since Dec 2016 to March 2017, EPFO (Employee Provident fund Organization) has taken a massive exercise to digitize all EPFO member records and enroll as many new member as possible. To make it practical, it has now mandated compulsory UAN number for all fresh contribution to EPF.
Though EPFO has right intentions in place, in practice these changes have led to lot of ...
EPFO (Employee Provident Fund Organization) manages the India's primary social service scheme known as EPF or PF (Provident Fund). Currently it has more than 4 crore members as part of service and is mandatory for all private companies in India having more than 20 employees.
EPFO members need to login to EPF website regularly to check if their contributions as well the matched contribution by ...
For PF withdrawals done before 5 years of continuous service, EPFO cuts a tds of 10% and you are required to pay remaining taxes on the EPF amount according to the tax bracket you fall into. For eg. if you come into 30 % tax slab, then you need to pay the remaining 20% (after tds cut of 10%) while filing the income tax return. However, if the total PF amount withdrawn is less than Rs 50000, then ...
EPFO (Employee Provident Fund Organization) manages the India's primary social sector scheme called EPF. As part of EPF (Employee Provident Fund) management process, the employers / companies need to regularly file ECR return, create Challan, and pay the EPF amount collected for the employees.
Lately EPFO has been working on optimizing its digital footprint and it now allows EPF Online payment ...
EPF (Employee Provident Fund) is India's main social security scheme and is managed by EPFO. It has more than 4 crore members and a portion of their salary is deposited into their EPF account monthly. This article provide details on how to check EPF status online including the balance status or claim status if the member has filed for an EPF claim.