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...
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...
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...
Provident Fund has been long considered as a long-term savings option for a 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...
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...
This article is to facilitate online payment of Provident fund remittances for those firms which are having SBI Corporate account. First, visit EPFO site and generate monthly contribution challan, then follow it by making remittance in SBI online. The Process is detailed below. EPFO site Visit EPF website at https://www.epfindia.gov.in/site_en/index.php and click...
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...
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 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...