Tag: EPF

Employees Pension Scheme: Eligible employees who missed higher EPS pension option earlier can still apply: Latest EPFO circular
Posted in Finance

Employees Pension Scheme: Eligible employees who missed higher EPS pension option earlier can still apply: Latest EPFO circular

If you have been a member of the Employees’ Pension Scheme (EPS) from before August 31, 2014 — and continue to be one even now…

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EPFO update: What happens to EPF account's interest if employer fails to deposit contribution
Posted in Finance

EPFO update: What happens to EPF account’s interest if employer fails to deposit contribution

To avoid paying penalties and interest, employers must make sure Employee Provident Fund (EPF) contributions are made on time. According to a ruling made by…

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New proposed digital law allows use of personal data without your 'explicit' consent, including by search engines
Posted in Finance

New proposed digital law allows use of personal data without your ‘explicit’ consent, including by search engines

On November 18, 2022, the Ministry of Electronics and Information Technology proposed a new version of the upcoming data privacy legislation in India, namely the…

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Who is eligible and who is not eligible to apply for higher pension from EPS?
Posted in Finance

Who is eligible and who is not eligible to apply for higher pension from EPS?

Now that the Supreme Court has given an opportunity to employees to opt for higher pension from the Employees’ Pension Scheme (EPS), it is important…

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New PF withdrawal rule: Check this in FY24 while filing Income Tax Return
Posted in Business

New PF withdrawal rule: Check this in FY24 while filing Income Tax Return

Union finance minister Nirmala Sitharaman proposed to reduce Tax Deduction at Source (TDS) from 30% to 20% for the taxable part of the Employees’ Provident…

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EPF Interest Credit Status: Some EPF subscribers are yet to receive interest: How to check EPF interest credit status
Posted in Finance

EPF Interest Credit Status: Some EPF subscribers are yet to receive interest: How to check EPF interest credit status

In June, the government approved the interest rate on EPF deposits of 8.1 percent for 2021-22, down from 8.5% in the previous year. Some Employees’…

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