Search For "provident fund"
EPFO to revamp UAN-based system to auto mode for faster claims settlement
Updated : 1 year, 9 months ago IST
EPFO will soon introduce UAN based-single accounting system for each member and automation of process flow with minimum human intervention for faster settlement of claims after revamping its application software, the Ministry of Labour and Employment said in a release on Friday.
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All India ITR brings Effective Ways to Save on Tax
Updated : 1 year, 9 months ago IST
New Delhi [India], June 11: In today's financial landscape, effective financial management is paramount for ensuring a smooth and stress-free year. A critical aspect of this management is maximizing tax savings. Gone are the days when tax filing involved heaps of paperwork and frequent trips
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EPFO introduces Auto-Mode Settlement for education, marriage, and housing
Updated : 1 year, 10 months ago IST
The Employees' Provident Fund Organization (EPFO) has announced the introduction of auto-mode settlement for advance claims related to education, marriage, and housing. This automated system processes claims without any human intervention, stated the Ministry of Labor and Employment in a rel
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Payroll Data: EPFO adds 15.48 lakh net members during February 2024
Updated : 1 year, 11 months ago IST
Employees' Provident Fund Organisation's (EPFO) provisional payroll data highlighted the addition of 15.48 lakh net members in the month of February, 2024, according to a release issued by the Labour Ministry on Saturday.
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Check rate of interest on small saving schemes for Q1 2024-25
Updated : 1 year, 12 months ago IST
The rate of interest for the Sukanya Samridhi Scheme is 8.2 per cent while for three-year term deposits, the interest rate is 7.1 per cent. Similarly, Public Provident Fund gives one interest rate of 7.1 per cent. Kisan Vikas Patra gives interest rate at 7.5 per cent, annually.
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CBI arrests EPFO Tamil Nadu officer in bribery case
Updated : 2 years, 1 month ago IST
The Central Bureau of Investigation on Monday arrested an accused Enforcement Officer of the Employees Provident Fund Organisation in Tamil Nadu's Tirunelveli while accepting a bribe amount of Rs 2 lakh from the complainant, Officials said on Monday.
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Check How EPF Helps You Save On Tax in India
Updated : 2 years, 1 month ago IST
New Delhi [India], February 14: The Employees' Provident Fund (EPF) is a popular retirement savings scheme in India that is regulated by the Employees' Provident Fund Organisation (EPFO). Under this scheme, a portion of an employee's salary is deducted each month and contributed to a fund
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Interest rates on provident funds for 2023-24 recommended at 8.25%
Updated : 2 years, 1 month ago IST
An interest rate of 8.25 per cent would be provided on employees' provident fund (EPF) deposits for 2023-24, and a decision around it was taken at the 235th meeting of Central Board of Trustees held on Saturday.
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Asst Provident Fund Commissioner among three arrested in bribery case
Updated : 2 years, 1 month ago IST
The Central Bureau of Investigation (CBI) has arrested one Assistant Provident Fund Commissioner (APFC) and an Enforcement Officer, both of Employees' Provident Fund Organisation (EPFO), Lucknow and a private person in a case of bribery of Rs eight lakh.
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How to Save on Taxes with Bajaj Markets' Investment Options
Updated : 2 years, 1 month ago IST
Pune (Maharashtra) [India], January 31: Bajaj Markets, a subsidiary of Bajaj Finserv, offers access to a range of tax-efficient investment options on its user-friendly platform. Individuals can minimise their tax liabilities by choosing from a range of options to meet their financial goals.
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EPFO adds 13.95 lakh net members during November 2023: Labour ministry
Updated : 2 years, 2 months ago IST
According to the Ministry of Labour and Employment, the cumulative net addition of members during the current financial year continues to remain higher than that of the corresponding period of the previous year.
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CBI arrests Regional Provident Fund Commissioner, two others in bribery ca
Updated : 2 years, 2 months ago IST
The Central Bureau of Investigation on Thursday arrested a Regional Provident Fund Commissioner, an Enforcement Officer and a private person for bribery of Rs two lakh.
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