Gujarat: CBI arrests private consultant in bribery case involving EPFO commissioner
May 20, 2023 23:49 ISTCBI laid a trap and caught the consultant red-handed while demanding and accepting a bribe of Rs 2 lakh from the complainant.
CBI laid a trap and caught the consultant red-handed while demanding and accepting a bribe of Rs 2 lakh from the complainant.
EPFO data: Employee Provident Fund witnessed a healthy growth rate as 1.39 crore members enrolled in the retirement fund body in 2022-23.
UPSC EPFO exam dates have been announced for EO, AO, and APFC exam on upsc.gov.in. Check exam schedule, exam pattern and other details.
The EPFO had lowered the interest on EPF for 2021-22 to an over four-decade low of 8.1% for its about five crore subscribers, from 8.5% in 2020-21.
You can now check your EPF balance using the EPFO app/Umang app, the EPFO Portal, SMS, and missed call facilities.
At present, both employees and employers contribute 12 per cent of the employee's basic salary, dearness allowance and retaining allowance, if any, to the employee provident fund or EPF.
EPFO publishes guidelines for additional pensions under the EPS system. Applications for additional pension benefits may now be submitted till March 3, 2023.
The data indicate a 25.67 per cent increase in net additions compared to the previous month in October 2022, a labour ministry statement said.
Employees Provident Fund Organisation news: Around 2,861 new establishments have started complying under the Employees’ Provident Funds & Miscellaneous Provisions Act, 1952 ensuring social security cover to their employees.
An employee of a private company may avail pension after retirement if he works for at least 10 years in the organization.
The EPFO is a social security organisation responsible for providing a number of benefits to the members covered under the statute of EPF & MP Act, 1952.
EPF Interest Rate: It was in 2015 when the EPFO was first allowed to start investing in equities, but with a limit.
EPF Interest Rate: Contributions towards EPF accounts are done by the employee and the employer as well. The employer deposits the amount into the EPF account of employees directly on a monthly basis.
Earlier in March this year, the Employees' Provident Fund Organisation (EPFO) had decided to lower the interest on provident fund deposits for 2021-22 to 8.1 per cent from 8.5 per cent provided in 2020-21.
The Employees Provident Fund Organisation (EPFO) on Saturday decided to lower the interest on provident fund deposits for 2021-22 to an over four-decade low of 8.1 per cent for its about five crore subscribers, from 8.5 per cent provided in 2020-21.
Interest rate on employees' provident fund deposits on Saturday was proposed to be cut to a four-decade low of 8.1 per cent for the current 2021-22 fiscal from 8.5 per cent in the previous year.
The Employees' Provident Fund Organisation's (EPFO's) apex decision making body Central Board of Trustees has decided to provide 8.1 per cent rate of interest on Employees Provident Fund (EPF) for 2021-22 in its meeting held on Saturday, sources said.
Asked whether EPFO would maintain the 8.5 per cent interest rate for 2021-22 as decided for 2020-21, Yadav, who also heads the CBT, said the decision would be taken on the basis of income projection for the financial year.
Of the total 14.81 lakh net subscribers, around 9.19 lakh new members have come under the social security ambit of EPFO for the first time.
PF Income Tax Section, PF Interest Taxable: PF accounts will be split into two separate accounts. Tax will be collected from employees' contributions exceeding Rs 2.5 lakh per year in the taxable account.
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