Govt may cap premature PF withdrawals at 75%

Last Updated: Tuesday, July 7, 2015, 00:57

The government is looking to cap premature provident fund withdrawals at 75 percent for EPFO subscribers at any given time till the age of 58.

Company siphones off over 33 lakh from employees' PF

Last Updated: Saturday, June 20, 2015, 23:53

In July 2013, the company, which owed Rs 120 crore to a bank was sealed by bankers. The chairman's son had then attempted to break the seal and a case was registered against him and 100 workers.

EPFO settles 10.53 lakh PF claims in May

Last Updated: Friday, June 5, 2015, 22:10

Retirement fund body EPFO settled 10.53 lakh claims like PF withdrawals in May, of which 86 percent were disposed of within 10 days of receipt of application.

Unions question TDS on PF withdrawals, want order on hold

Last Updated: Friday, May 22, 2015, 17:23

Opposing the government's decision to deduct tax at source on pre-mature PF withdrawals, trade unions on Friday said they will ask the Labour Ministry to put the EPFO order in this regard on hold.

EPFO to deduct TDS on PF withdrawals in some cases from June

Last Updated: Thursday, May 21, 2015, 23:38

Retirement fund body EPFO will deduct tax at source from next month on PF withdrawals where accumulations are over Rs 30,000 and the employee has worked less than five years.

PF contribution likely to be on 'Contributory Wages'

Last Updated: Wednesday, May 20, 2015, 23:20

In a breather to employers, the Labour Ministry has proposed that contribution by companies towards their workers' EPF schemes would be a portion of "Contributory Wages" which will not include house rent and travel allowances.

Labour Min may notify new investment norms for EPFO soon

Last Updated: Tuesday, April 21, 2015, 18:05

The Labour Ministry may soon notify new investment norms for EPFO allowing the retirement fund body to invest up to 5 percent of its huge corpus of Rs 6.5 lakh crore in exchange traded funds (ETF).

Workers may get to choose between EPF and NPS for pension

Last Updated: Sunday, April 19, 2015, 12:05

The proposal is part of the bill to make comprehensive amendments to the Employees' Provident Funds and Miscellaneous Provisions Act 1952.

EPFO updates 15.54 crore PF accounts for 2014-15 on April 1

Last Updated: Tuesday, April 7, 2015, 13:47

Retirement fund body has achieved another milestone in the process of digitising its operations by updating 15.54 crore PF accounts for 2014-15 in a day.

EPFO's online PF withdrawal facility to take more time

Last Updated: Sunday, March 15, 2015, 11:10

After the launch of this facility, subscribers will be able to apply online for withdrawal of the provident fund which will be transferred directly to their bank accounts.

Employers, workers may shell out more for EPF contributions

Last Updated: Friday, March 13, 2015, 15:45

Employers as well as formal sector workers may have to shell out more towards Employees' Provident Fund with the government proposing to include all allowances in the wages for deducting PF contribution.