The provisional payroll of EPFO released today reveals that it has added around 10.11 lakh net subscribers in the month of November, 2020. Despite the Covid-19 pandemic, EPFO has added around 45.29 lakh net subscribers base in the current financial year (from April to November, 2020). The data published comprises of members who have joined during the month and whose contribution has been received. In the month of November, 2020, around 6.41 lakh new members have joined EPFO. Roughly 3.70 lakh..
The provisional payroll data of EPFO has been released on 20th December, 2020. It reveals that EPFO has added 11.55 lakh net subscribers in the month of October, 2020. Despite the COVID-19 pandemic, EPFO has added around 39.33 lakh subscribers during the current financial year (from April to October, 2020). The data published comprises of members who have joined during the month and whose contribution has been received by EPFO for the wage month. Year-on-year comparison shows that October, 20..
EPFO extends time limit for Pensioners upto 28th February 2021 for submission of Jeevan Pramaan Patra; 35 Lakh pensioners with EPFO to benefit In view of the ongoing COVID-19 pandemic and the vulnerability of elderly population to Corona Virus, EPFO has extended the time limit up to 28th February 2021 for submission of Life Certificate (Jeevan Pramaan Patra-JPP) in respect of the Pensioners drawing pension under EPS 1995 and whose Life certificate is due in any month till February ..
Employees’ Provident Fund Organisation (EPFO), an statutory organisation under Labour and Employment Ministry, has stated that an article was published in a section of media on 18.11.2020 under the caption “EPFO subscribers, firms down in Oct”. In this regard, EPFO has categorically clarified that the information contained in the article is incorrect and unsubstantiated. The article published claims a decline of 30,800 contributing establishments with EPFO in October f..
All pensioners of Employees’ Pension Scheme 1995 (EPS’95) are required to submit Jeevan Pramaan Patra (JPP) / Digital Life certificate (DLC) each year to continue drawing pension . In the current scenario of COVID-19 pandemic, the Employees’ Provident Fund Organization (EPFO) has facilitated multiple options for EPS pensioners to submit their DLC, close to their home or at their door step. JPP submitted through all these modes/agencies are equally valid. In additio..
The provisional payroll data published by EPFO on 20th October 2020 reveals that the subscriber base of EPFO increased by around 20 lakh during the first five months of FY21. Covid-19 pandemic and subsequent lockdown across the country had adversely affected the enrolments during the first quarter of the current financial year. However, the provisional payroll figures for the month of July and August 2020 are indicative of the slow dissipation of the negative impact of the COVID-19 pandemic outb..
The provisional payroll data published by EPFO on 20th August 2020 reveals that the subscriber base of EPFO increased by around 8.47 lakh members during the first quarter of FY21. The COVID-19 pandemic outbreak had adversely affected the enrolments in the month of April and May 2020. Despite the lockdown, around 0.20 lakh and 1.72 lakh net new subscribers were added to social security schemes of EPFO in the month of April and May 2020.The month of June has seen speedy recovery with addition of 6..
EPFO released Rs 868 crore pension along with Rs 105 crore arrear on account of restoration of commuted value of pension. On the recommendation of Central Board of Trustees (EPFO), the Government of India accepted one of the long standing demands of workers to allow restoration of commuted value of pension after 15 years. Earlier there was no provision for restoration of commuted pension and the pensioners continued to receive reduced pension on account of commutation lifelong.Thi..
Lower rate of EPF subscription 10% with EPFO notified placing higher liquidity in the hands of employees and employers during COVID -19 pandemic Government Sector, their PSEs and establishment whose subscription is being borne by Union Government under PMGKY continue to have subscription at old rates of 12% Lower rates to be applicable for salary months of May, June and July 2020 Various measures have been announced from time to time to provide relief to the employers and employees of t..
Employees' Provident Fund Organization (EPFO), India Ministry of Labour& Employment, Government of India has issued Instructions for filing online claims for the purpose - "Outbreak of Pandemic (COVID-19)" Prerequisites: UAN Should be activated Verified Aadhaar should be linked with UAN Bank Account with IFSC code should be seeded with UAN Mobile number should be seeded with UAN Eligible Amount: Upto 75% of PF Balance (Employer share and..
In the current scenario of lockdown announced by the Govt. to control the spread of COVID-19 pandemic and other disruptions, the businesses and enterprises are not able to function normally and are facing liquidity / cash crunch to pay their statutory dues even though they are retaining the employees on their rolls. Keeping in view the above situation and to further ease the compliance procedure under EPF & MP Act, 1952, the filing of monthly Electronic-Challan cum Return (ECR) is separat..
As Part of PMGKY Package EPFO Settles 3.31 Lakh COVID-19 Claims in 15 Days In the view of the outbreak of COVID-19, the government of India to provide financial assistance to people allowed PF Withdrawal by passing a special resolution in the EPFO Scheme. The government claims that 3.31 lakhs PF Withdrawal claims have been settled in less than 15 days worth Rs 950 crores. Services like PF Withdrawal, checking PF Balance, and UAN Activation can be availed online on the EPFO Portal. ..