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The Employees Provident Fund Organisation EPFO has processed of applications under the Pension...
Employees Provident Fund Organisation EPFO has extended the deadline for linking the Univer...
Ministry of Labour and Employment is set to introduce a policy granting pension benefits to gig and ...
Finance Minister Smt. Nirmala Sitharaman has introduced updates aimed at providing relief to the middle class. Under the New Tax Regime (NTR), the rebate limit has been increased from Rs 7 lakh to Rs 12 lakh. Slabs have been revised to benefit higher-income earners, helping them keep more of their income. Here are the new […]
The Employees’ Provident Fund Organisation (EPFO) has received a total of 17,48,768 applications from members and pensioners seeking higher pensions under the Employees’ Pension Scheme (EPS) 1995. This scheme allows individuals to receive a higher pension by making increased contributions. The Minister of State for Labour & Employment, Shobha Karandlaje, shared this information in a […]
Indian government has announced the implementation of the Unified Pension Scheme (UPS), set to take effect from April 1, 2025. This new scheme aims to provide financial security and stability for central government employees post-retirement. The UPS was approved by the Union Cabinet on August 24, 2024, and is designed to combine aspects of both […]
Union Labour Minister Mansukh Mandaviya has directed officials of Employees’ Provident Fund Organisation (EPFO) to enhance the claim settlement process and ensure timely grievance redressal. This directive was issued during a virtual review meeting aimed at evaluating the performance of EPFO’s regional offices. The review meeting, held on January 24, 2025, was attended by Union […]
Employees’ Provident Fund Organisation (EPFO) has released provisional payroll data for November 2024, revealing a net addition of 14.63 lakh members. This significant increase underscores the growing employment opportunities and heightened awareness of employee benefits in India. In November 2024, EPFO registered a net addition of 14.63 lakh members, marking a 9.07% increase compared to […]
The Employees’ Provident Fund Organisation (EPFO) has raised concerns about delays in processing pension applications for higher wages under the Employees’ Pension Scheme. Central Provident Fund Commissioner Ramesh Krishnamurthi emphasized the urgency of addressing these delays, particularly given the Supreme Court’s timeline for completing the process. Despite multiple guidelines issued to streamline the process, progress […]
In a major step to improve pension services, the Employees’ Provident Fund Organization (EPFO) successfully rolled out the new Centralized Pension Payments System (CPPS) under the Employees’ Pension Scheme 1995 in December 2024. This reform ensures seamless pension disbursement for over 68 lakh pensioners across all 122 regional offices. For December 2024, approximately ₹1,570 crore […]
EPFO is set to undergo several significant changes in 2025, impacting millions of salaried individuals across India. These changes aim to enhance the retirement savings experience, streamline processes, and improve transparency for both employees and employers. Here are some important new rules which could be implemented in 2025 to benefit EPFO members. EPFO 2025: ATM […]
In October 2024, formal job growth in India experienced a significant slowdown, as reported by MoSPI reflecting from decline in EPF & ESIC data. EPF and ESIC both saw declines in new registrations, raising concerns about the overall health of the formal job market. EPF and ESIC Decline The number of new subscribers to EPF […]
EPFO has reported a significant increase in its membership numbers for October 2024, with a net addition of 13.41 lakh members. This growth is indicative of increased employment opportunities and heightened awareness of employee benefits, bolstered by EPFO’s effective outreach initiatives. EPFO: New Membership and Youth Dominance Out of the total new members, 7.50 lakh […]
Employees’ Provident Fund Organization (EPFO) is set to revolutionize provident fund (PF) withdrawal process by introducing e-wallet access and ATM withdrawals. This employee-friendly initiative aims to make withdrawals faster and more convenient for millions of employees across India. EPFO PF Withdrawal: Current Process and Challenges Currently, employees have to rely on EPFO portal to receive […]
EPFO has announced an extension of the deadline for employers to process and upload pending applications for higher pensions under EPS 1995. This extension comes as a response to multiple requests from employers and their associations for additional time to complete the required submissions. The final deadline for employers to upload wage details and process […]
