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...
Provident Fund has been long considered as a long-term savings option for good rate of return ( 2016-17 rate of 8.65%)and tax-exempt nature. The drawback was red tape in case of withdrawals, transfers, a settlement on retirement etc. It is a cumbersome exercise of authentication, certification, attestation of documents...
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. As of now, employees can only download...
On superannuation at 58 years or for short service between the ages of 50 to 58 years, the PF that the Employee and Employers contribute over the years of service, a Pension component @ 8.33% of only the Employer share, subject to a maximum of Rs 1250/- per month...
An introduction of international worker provisions in PF Foreign nationals coming to take employment in India were earlier excluded from the provisions of the EPF Act as their remunerations in most cases far exceeded above the statutory threshold limit. On the other hand, Indian workers venturing to work overseas are subjected...
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...
EPFO is introducing Electronic Challan cum Return (ECR) effective April 2012 for depositing contributions by all employers. Copy of the notifications can be downloaded from here and here. Click Here Applicability of PF Provisions to International Workers Salient features of the new system are : Automatic updating of accounts on receipt of...
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...
ESI applies to any small organization with 10 or more employees. Now, no need to shortchange your lower wage workers or worry of the past omissions on extending ESI coverage and benefits to your workers. The Govt has launched a SPREE programme of 3 months between Jan to  March...
Much unorganized small business, either out of ignorance, or inability to absorb PF welfare costs or with environments of high attrition may have over the years avoided to get registered under PF or not contributed either for all their employees or partially. The Government, in its drive to a...