On February 28th, the Supreme Court passed a judgment settling many pending disputes between Employers and the EPFO attempting to address the question as to what is Salary for the purposes of computing PF contribution. It held that the contracted salary is the basis for PF with the exception...
The Provident Fund system in India has come a long way and has substantially been digitized but yet the general public perception is one of bureaucracy and having to live with no alternative, especially the Salaried class in the organized sector. UAN The Universal Account Number (UAN) was introduced on October...
Employees who wish to claim their PF contributions after resignation or on retirement were expected to affix a Re 1 Revenue Stamp in the respective PF Forms like Form 19 and Form 10C. In recent years, it is observed that in many states, Revenue Stamps sold at Post Offices...
This blog attempts to list the Key Features of ESI (Employee State Insurance Scheme). To which organizations it applies to, for whom (Employees) does it cater to, what are the benefits/welfare that it affords and the procedures around it. ESI is a fund managed by ESI Corporation according to the rules...
Reduction in Administrative Costs Reduction in Administrative Costs EDLI Administrative cost - Kept in Abeyance Each month PF Department collects from employers FOUR  components. A - Contribution towards a Corpus Fund. The contribution is the aggregate of Employee and Employers share. B - Contributions towards a Pension Scheme C - Insurance Premia for a...
Employees Provident Fund Organization has extended PF Amnesty Scheme till June 30, 2017. This was earlier operational up to March 31, 2017. All other terms and conditions remain the same. Employers are encouraged to take advantage of the extension and come forward to extend the Provident fund benefits for hitherto un enrolled...
As the PF UAN website has been facing glitches for the last few months, leaving employees with no access to their PF balances, the Department has made available the passbooks The employee has to use UAN portal login details for accessing the PF Passbook. Read also, PF Amnesty Scheme As of now, employees...
Introduction of SINGLE PAGE Composite PF Claim Forms instead of THREE Forms EPFO has introduced a single page claim form with effect from February 20, 2017. This replaces the existing 3 Form i.e.  Form 19, Form  10C and Form 31 for PF withdrawals and loans. It also eliminates Employer certification. The...
A stipend is a fixed periodic payment to a student as a scholarship or a fellowship allowance. The question of whether Provident Fund (PF) applies to such Stipend payment or not is one of the legitimacy of the payee being a registered student, a letter from the educational institution...