The SC said that the Act casts an obligation upon the employer to make the compulsory deduction for provident fund and to deposit in the workers' account in the EPF office
What could be seen as good news for crores of private and government employees, the Centre is reportedly mulling slash in the employees’ social security contribution. According to the Economic Times, the Labour Ministry is presently working on the contributory ceiling by the government towards universal social security for the employees and it is expected […]
The ABRY scheme aims to extend a helping hand towards employees, especially new employees, and employers regarding the contributions into the Employees' Provident Fund (EPF) account.
Bhubaneswar/New Delhi: Finance Minister Nirmala Sitharaman on Wednesday made several big announcements while announcing measures for Employees Provident Fund (EPF). Sitharaman said that the government will pay Rs 2,500 crore as employees and employers’ contributions to EPF for the next three months till August, and it will benefit around 72.22 lakh employees. Statutory PF contribution […]
New Delhi: Finance Minister Nirmala Sitharaman on Tuesday raised the limit for tax exemption on interest earned on provident fund contribution by employees to Rs 5 lakh per annum in specified cases as against Rs 2.5 lakh proposed in the Budget. However, the minister in her reply to discussion on Finance Bill 2021 in the […]
Bhubaneswar: The Employees’ Provident Fund Organisation has announced to provide relief to the employers and employees of the establishments covered under the EPF & MP Act, 1952 distressed by Lockdown to prevent spread of COVID-19 and other disruptions due to the pandemic. The reduction in statutory rate of contributions from 12% to 10% for wage […]
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