EPFO’s Special Drive to Recover PF Dues from Defaulters 2023
EPFO has announced a special 3-month recovery drive from Dec 2023-Feb 2024 to collect outstanding PF dues from defaulting establishments. Know consequences and advice for defaulters.
Tag: EPFO
PF Interest Rate Increased from 8.1% to 8.15% for FY 2022-23
EPFO notifies the increased PF Interest Rate of 8.15% applicable for the financial year (FY) 2022-23, as approved by the GOI, as against the rate of 8.1% notified for …
EPFO wants to reduce unfair multiple rejections in PF claim settlements
PF members have complained to EPFO about excessive delays and harassment in providing statutory services. Their PF claim settlement applications are repeatedly returned by field offices for irregularities like …
EPFO Clarification on Final PF Withdrawal by International Workers (IWs)/ Expats from non SSA Countries
EPFO Clarifies that final PF withdrawal in the case of International Workers (IWs)/ Expats from non SSA Countries is allowed only after retirement from service or attaining the age …
No Penal Damages for PF Deposit Delays during Lockdown (COVID-19): EPFO
EPFO has provided relief to employers from levy of penal damages for any delay in deposit of PF contribution(s)/ administrative charges due for the period during Lockdown (COVID-19). No …
PF Admin Charges reduced to 0.5% from 01/06/2018 and EDLI Admin Charges waived by EPFO
PF Admin charges have been further reduced from 0.65% to to 0.5% applicable w.e.f. 1 June 2018, subject to a minimum of Rs. 500/ Rs. 75 in the case …
TDS on PF Withdrawals u/s 192 of Income Tax along with EPFO Instructions
TDS on PF withdrawals u/s 192 of Income Tax has been introduced to discourage pre-mature withdrawal, promote long term savings and to ensure taxability of such withdrawals in certain …
Reduced threshold of 10 Employees for PF Coverage (against existing 20)
As per News Reports, the Central Board of Trustees (CBT) of EPFO has recommended in its meeting dt. 21 Feb. 2018 to reduce Administrative Charges from 0.65% to 0.50% of …
EPFO’s New Composite PF Claim Forms (Aadhar Based/ Non-Aadhar)
EPFO’s new Composite Claim Forms (Aadhar Based/ Non-Aadhar) for PF Withdrawals (full/ partial) applicable w.e.f. 20 Feb. 2017, which have replaced the earlier withdrawal Claim Forms 19, 10C and …
Simplified EPS/ EPF Withdrawal Claim Forms 19, 10C & 31 (UAN based)
EPFO has introduced Composite PF Claim Forms (Aadhar/ Non-Aadhar), Pension Claim Form (Aadhaar) and Composite Claim Form (PF/ EPS/ EDLI) for Death cases. As a result, the Claim Forms …