The Employees Provident Fund Organisation (EPFO) has issued a circular highlighting the allotment of funds for the year 2024-25 towards welfare activities of employees. The total budget for welfare activities, reads the circular, is ₹13.10 crore — out of which ₹74.37 lakh belong to the holiday homes alone. Excluding the budget for holiday homes, the … Read more
To give financial security to the service-class individuals in their post-retirement life, employers are meant to deduct a small portion of the salaries of employees, which is invested into EPF account, enabling the investment to grow at a healthy rate of interest. Currently, the rate of interest is 8.15 percent per annum. Employees provident Fund … Read more
If you are an EPF (Employees Provident Fund) subscriber and want to use one or more of the services given on the unified portal, then you need to visit the official website of Employees Provident Fund Organisation (EPFO) i.e., epfindia.gov.in. Navigating through the portal is quite straight-forward. Let us explain how this can be done. … Read more
If you are an EPF (Employees Provident Fund) subscriber, and want to check your passbook or the status of your claim, you can comfortably do it online. The only prerequisite for this facility is that the members should be registered on the unified member portal. And the passbook is made available after six hours of … Read more
To facilitate multi-location claim settlement within the prescribed time limits, Employees Provident Fund Organisation (EPFO) has come up with an arrangement wherein 19 regional offices are linked to 36 collaborating regional offices. The EPFO stated in a circular dated May 8, 2024 that the periodicity in offices across the country was discussed and deliberated in … Read more
If you want to check your EPF account balance, you can use one of the numerous ways, which include checking details on the Umang app, getting EPF passbook details online, giving a missed call, or sending an SMS. You can find out the process of checking your EPF balance online in the article here. Interestingly, … Read more
Employees’ Provident Fund Organisation (EPFO) reported more than 19 per cent growth year-on-year to 1.65 crore members in fiscal 2024, the latest payroll data shows, showing improvement in the employment situation in the country, reported Press Trust of India. “In last 6 and half years alone, more than 6.1 crore members joined the EPFO fold, … Read more
How to choose tax-saving investments? Several critical factors to contemplate when selecting a tax-saving investment comprise: Lock-in duration: This denotes the minimum period you’re required to retain the investment before being able to withdraw funds. Certain tax-saving choices, such as the Public Provident Fund (PPF), entail lengthy lock-in periods, whereas others like tax-saving fixed deposits … Read more