EPF
You can withdraw EPF for treatment without doctor certificate
How to transfer your PF money online: Here's a step-by-step guide- EPS pensioners can submit life certificate without Aadhaar, fingerprint authentication: EPFO
- How new EPF rules are going to impact you
- How to check PF balance: Here are 5 ways
- How to know your PF claim status
- What is EPF scheme and how to calculate PF balance?
- How to calculate Employees' Provident Fund balance and interest
- How to download EPF passbook
Under EPF scheme, an employee has to pay a certain contribution towards the scheme and an equal contribution is paid by the employer. The employee gets a lump sum amount including self and employer's contribution with interest on both, on retirement. As per the rules, in EPF, employee whose 'pay' is more than Rs 15,000 a month at the time of joining, is not eligible and is called non-eligible employee. Employees drawing less than Rs 15,000 a month have to mandatorily become members of the EPF. However, an employee who is drawing 'pay' above prescribed limit (currently Rs 15,000) can become a member with permission of Assistant PF Commissioner, if he and his employer agree. Contribution paid by the employer is 12 per cent of basic wages plus dearness allowance plus retaining allowance. An equal contribution is payable by the employee also.
In case of establishments which employ less than 20 employees or meet certain other conditions as notified by the EPFO, the contribution rate for both employee and the employer is limited to 10 percent. The EPFO’s Central Board of Trustees after consultation with the Ministry of Finance reviews the interest rate of EPF every year, for a financial year.
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EPF
EPF stands for Employees' Provident Fund (EPF) and is the main scheme under the Employees' Provident Funds and Miscellaneous Provisions Act, 1952. The scheme is managed under the aegis of Employees' Provident Fund Organisation (EPFO).Under EPF scheme, an employee has to pay a certain contribution towards the scheme and an equal contribution is paid by the employer. The employee gets a lump sum amount including self and employer's contribution with interest on both, on retirement. As per the rules, in EPF, employee whose 'pay' is more than Rs 15,000 a month at the time of joining, is not eligible and is called non-eligible employee. Employees drawing less than Rs 15,000 a month have to mandatorily become members of the EPF. However, an employee who is drawing 'pay' above prescribed limit (currently Rs 15,000) can become a member with permission of Assistant PF Commissioner, if he and his employer agree. Contribution paid by the employer is 12 per cent of basic wages plus dearness allowance plus retaining allowance. An equal contribution is payable by the employee also.In case of establishments which employ less than 20 employees or meet certain other conditions as notified by the EPFO, the contribution rate for both employee and the employer is limited to 10 percent. The EPFO’s Central Board of Trustees after consultation with the Ministry of Finance reviews the interest rate of EPF every year, for a financial year.
Can 8.25% EPF return match 16% equity return? CA explains unique situations how it can
A chartered accountant illustrates scenarios where EPF's 8.25% return can match 16% equity returns over five years, highlighting EPF tax advantages under the new regime. Employer contributions to EPF are tax-free, unlike equity investments where taxes may reduce the investable amount. To match EPF's corpus, equity needs a 16% post-tax return, a figure that decreases with longer investment horizons, as per the CA.
Free land in Bihar if you meet the conditions; incentives for EPF, ESI, GST will also be given under this scheme
Nitish Kumar, Bihar's Chief Minister, introduces a significant initiative. Eligible participants will receive free land. This is under the Bihar Industrial Investment Promotion Package 2025. The scheme aims to boost industries in Bihar. It also focuses on skill development for the youth. Investors must apply before March 31, 2026. The goal is to create one crore jobs in five years.
Pradhan Mantri Viksit Bharat Rozgar Yojana: How much employee and employer will get under Employment Linked Incentives scheme?
Narendra Modi announced the Pradhan Mantri Viksit Bharat Rozgar Yojana on August 15, 2025. The scheme aims to generate 3.5 crore jobs with a Rs 1 lakh crore outlay. It has two parts: incentives for new EPF members and employers. Employees earning up to Rs 1 lakh will get wage incentives.
New EPFO rule: Faster death claim settlements, less paperwork; here's what you need to know
Guardianship Certificates will no longer be necessary when settlement funds are deposited directly into the bank accounts of the deceased member's minor children, according to a new circular by EPFO
1 out of every 4 PF claims rejected in 2023-24-Know strange reasons why claims of these subscribers were denied
Many salaried employees find claiming their Provident Fund a challenging ordeal despite its promise of financial security. Technical glitches, KYC discrepancies, and overlapping employment records often lead to claim rejections. Subscribers face a maze of procedural hurdles and unexplained errors, highlighting the need for improved EPFO systems and proactive checks by individuals.
Labour minister Mansukh Mandaviya urges employers to utilise jobs incentive scheme
Mansukh Mandaviya encourages employers and new hires to utilize the Pradhan Mantri Viksit Bharat Rozgar Yojana. The registration portal is now active. This scheme aims to create 35 million jobs over two years. First-time employees get incentives up to ₹15,000. Employers also receive benefits based on salary slabs. The initiative promotes job creation and supports new employees.
Registration portal for Pradhan Mantri Viksit Bharat Rozgar Yojana (PMVBRY) goes live
Urging the employers and first-time employees to take benefit of the employment linked incentive scheme, labour and employment minister Mansukh Mandaviya said on Monday that the central sector scheme, with an outlay of nearly Rs 1 lakh crore, aims to incentivise the creation of more than 35 million jobs in the country, over a period of two years starting August 1, 2025, to July 31, 2027
Govt launches PM Viksit Bharat Rojgar Yojna portal for employers, first-time employees
Union Minister Mansukh L Mandaviya launched the Pradhan Mantri Viksit Bharat Rozgar Yojana (PMVBRY) portal, a Rs 1-lakh crore scheme approved on July 1, 2025, to incentivize the creation of over 3.5 crore jobs.
How can my father invest Rs 35 lakh from his retirement corpus to get regular income with minimal risk?
My father has received Rs 50 lakh as retirement corpus. Of this, Rs 15 lakh has already been invested in a Post Office savings scheme, yielding Rs 30,000 quarterly. How can we invest the remaining Rs 35 lakh safely for steady returns?
Aadhar seeding process as KYC for UAN simplified: Know about EPFO’s latest changes for profile update
The EPFO has simplified Aadhaar as KYC for UAN, allowing members with matching details to update profiles directly, bypassing employer approval. Employers can correct mismatches in name, gender, or date of birth via Joint Declaration.
Major EPFO update: New FAT rule delays payroll, UAN generation; are you impacted?
EPFO mandates that, starting August 1, 2025, all allotment and activation of UANs should be done through the UMANG app using face authentication technology.
Rs 1.2 crore in 10 years built by middle-class families using simple formula, CA explains
Many middle-class families can accumulate over Rs 1.2 crore in 10 years by following disciplined financial habits, according to Chartered Accountant Nitin Kaushik. His approach focuses on starting early with small, consistent investments in mutual funds and PPF, prioritizing a strong down payment before buying a house, and preparing for retirement through increased contributions to pension schemes and SIPs. Avoiding lifestyle inflation and tracking expenses are key to maintaining financial discipline.
EPFO UAN generation: Only EPF members can generate PF Universal Account Number now on Umang application
EPFO UAN generation: The Employees' Provident Fund Organisation will introduce new rules. Starting August 1, 2025, UAN allotment and activation will be done through the UMANG App. Face Authentication Technology will be used. This will ensure error-free UAN generation. New facilities are available on the UMANG App.
EPF withdrawal claim: Do you need to submit any documents while withdrawing money from your EPF account?
Many EPF members are confused whether they are required to submit any documentary evidence while submitting an EPF withdrawal claim to the EPFO. The government has provided the answer to this query in the current parliament session.
No more partial treatment to pensioners when it comes to commutation of pension in the New Income Tax Bill, 2025
Good news arrives for pensioners. The Lok Sabha Select Committee proposes fair tax treatment in the Direct Tax Bill, 2025. The bill addresses unequal tax on commuted pensions. Government employees enjoy full tax exemption. Private sector employees get partial exemption. Non-employees receive no exemption. The new bill aims to fix this disparity. It extends deduction benefits to non-employee pensioners.
CGHS beneficiaries: Hospital claims to be rejected without geo-tagged photo upload in these cases, revised rules issued
The Ministry of Health & Family Welfare has eased geo-tagging rules for CGHS, offering hospitals a one-time waiver on daily photo uploads until 2025. Revised guidelines now require geo-tagged photos only at admission and discharge for non-referral IPD cases, with additional photos every 7 days for longer stays.
17 crore jobs created under Modi rule in 10 years: Mansukh Mandaviya to Parliament
The Modi government created 17 crore jobs in ten years. This is a significant increase from the UPA's 3 crore jobs. The government provided 11 lakh jobs in the last 16 months. PM Viksit Bharat Rozgar Yojana will create over 4 crore jobs with a Rs 2 lakh crore outlay. The scheme incentivizes job creation, focusing on first-timers and employers.
Will minimum EPS-95 pension be hiked this festive season? Govt responds in Parliament
Indian pensioners are eagerly awaiting a potential increase to the minimum monthly pension under the Employees' Pension Scheme (EPS-95). Currently at Rs. 1,000, trade unions and public representatives have long advocated for a raise. While the government acknowledges these requests and provides budgetary support to maintain the existing minimum, it cites an actuarial deficit in the fund.
IT layoffs scaring you? Here’s how to manage finances in the event of job loss
Job losses in the IT sector are a growing concern. Tata Consultancy Services recently announced cutting 12,200 jobs. Experts advise creating a financial safety net. This includes assessing expenses and gathering resources. Cutting discretionary spending is crucial. Consider shifting to lower-cost housing. Explore gig economy opportunities for income. Upskilling is essential for IT professionals to remain competitive.
Don't blindly trust any brand, company to last forever, track new flows to better investing, advises this MF house CEO
Capitalmind Mutual Fund, the newest entrant in the Rs.75 tn Indian MF industry, relies on quant-based, data-driven strategies over subjective calls. Momentum is a key pillar, but the approach remains flexible. Deepak Shenoy, CEO, Capitalmind MF, tells ET Wealth what investors can expect from the fund house and its latest flexi-cap fund offering.
Save tax in new tax regime: Here are 6 smart ways
Use the right levers—EPF, NPS, arbitrage, gifting— to remain compliant and tax-efficient.
How to file ITR-1 online: A step-by-step guide for salaried taxpayers also having income from house property, LTCG and other source under new tax regime
Salaried taxpayers with income from house property, LTCG, and other sources can file ITR-1 online following a step-by-step guide. The Income Tax Department extended the ITR filing deadline to September 15, 2025, for FY 2024-25. Taxpayers can now report LTCG up to Rs 1.25 lakh using ITR-1, simplifying the filing process under the new tax regime.
Tax-free, risk-free, and effort-free. But CA says many employees make mistakes that cost lakhs in lost savings
Chartered Accountant Nitin Kaushik highlights the benefits of Employee Provident Funds. EPF is a government-backed savings tool. It offers guaranteed returns and tax exemptions. Both employee and employer contribute to it. This leads to significant wealth accumulation over time. EPF outperforms many investment options due to its stability. Avoiding common mistakes maximizes its potential.
Employment Linked Incentive: Earn Rs 15,000 through ELI Scheme-But there is a catch
On July 1, 2025, the Union government approved the ELI Scheme, which aims to support employment generation, enhance employability and social security across all sectors, with a particular emphasis on the manufacturing sector
Govt works on plan to deregulate licensing requirements to transform Delhi into an 'investment destination'
The central government wants to improve business in Delhi. It has asked Lieutenant Governor VK Saxena to simplify licensing rules. The goal is a single-window clearance system. This aims to attract investment. Key changes include removing the need for multiple licenses. Businesses registered under GST or FSSAI may not need separate Shops and Establishment Act registration.
Tired of EPF passbook site errors? This govt app can help; here's how
Even if the main EPFO website is down, you can still access many EPFO services, such as viewing passbooks and raising and tracking claims through the UMANG (Unified Mobile Application for New-age Governance) app from your mobile phone. Through the UMAG app, EPF members can access several services of EPFO, including passbook viewing and claim status checks.
Odisha aims to become eastern India’s FMCG & processed food export powerhouse: Bhupendra Singh Poonia, MD, IPICOL
Poonia says that ITC, Britannia, Parle Agro, and Nestlé have already established or are expanding their operations in Odisha.
Govt to roll out employment-linked incentive scheme from August 1
The Labour Ministry announces the PM Viksit Bharat Rozgar Yojana will begin August 1, 2025. The scheme aims to create over 3.5 crore jobs. It focuses on first-time employees and incentivizes employers. First-timers get EPF wage support. Employers receive incentives for new hires. The scheme targets job creation across sectors, especially manufacturing. Payments will be made through direct benefit transfer.
Labour ministry notifies minimum assurance benefit criteria for EDLI subscribers
The labour ministry has relaxed criteria for the Employees’ Deposit Linked Insurance (EDLI) scheme, ensuring a minimum assurance benefit of Rs 50,000 for beneficiary families, even with a lower average provident fund balance. Gaps of up to sixty days between employment spells will be ignored for eligibility.
EPF withdrawals made easier for PF members but this impacts your retirement corpus
Recent relaxations in EPF withdrawals allowed easy liquidity to cash-starved members, but it is advisable to resist this temptation and not compromise on retirement readiness.
'One medical emergency can wipe you out': Why is this CA saying Rs 1 lakh salary isn’t enough for India’s middle class
Middle-class Indians earning Rs 1 lakh face financial strain. Inflation erodes income despite budgeting. Savings rates are declining, while liabilities increase. Rural areas show wage growth and optimism. IT firms see slower labour cost growth. CPI inflation eased, but food prices remain a concern. Economic growth reached 6.5 percent. RBI policy and monsoon rains may support demand recovery.
SBI announces scheduled downtime for UPI users on July 22, 2025: Check timing and other details
State Bank of India (SBI) has announced scheduled maintenance for its UPI services on July 22, 2025, causing temporary unavailability from 00:15 hrs to 01:00 hrs IST. Customers can use UPI Lite for uninterrupted transactions during this period.
Your EPF account to get 8.25% interest credit this week: 4 ways to check provident fund interest credit, balance
The EPFO will finalize crediting 8.25% interest for 2024-2025 into members' accounts this week. Labour Minister Mansukh Mandaviya stated that interest has already been credited to 32.39 crore member accounts.
How to build a Rs 12 crore retirement fund? Financial expert tells how to do it using just EPF and NPS
A financial expert suggests that salaried individuals earning up to Rs 14.65 lakh can eliminate income tax through strategic investments in EPF and NPS. By contributing to both, individuals can build a retirement corpus exceeding Rs 12 crore.
Coming soon: Jaipur’s plush new mall on Ajmer Road to offer strategic investment opportunities
Jaipur's real estate market is booming, driven by startups and urban expansion, with Ajmer Road at the forefront. Manglam Pink West, the first organized commercial mall on Ajmer Road by Manglam Group, offers a 6% assured annual rental return.
EPFO credits interest for 2024-25 in 323.9 million member accounts
The process has now been optimized for faster processing due to which the entire exercise has mostly been completed in June itself, labour and employment minister Mansukh Mandaviya said on Tuesday.
NRIs returning to India: Here's a checklist covering banks, MFs, foreign assets, PAN, Aadhaar, property for what you need to do
Here is a checklist for NRIs returning to India
Late, missing PF contributions by employer today could prevent your PF withdrawal, transfer later: Here’s how to track your EPF properly
Your Employee Provident Fund withdrawals can face rejection due to discrepancies in contributions and employment records cause issues. Missing or delayed payments by employers create problems for employees. Hence, employees should regularly monitor their EPF accounts, and must report discrepancies to employers and the EPFO. You can track your EPF contributions through UMANG app.
General Provident Fund (GPF) interest rate for July-September 2025 announced for these central govt employees
The Ministry of Finance has maintained the interest rate for the General Provident Fund (GPF) and related schemes for the July-September 2025 quarter.
New Employment Linked Incentive Scheme from August 1, 2025, to give one month's EPF wage: Who is eligible and how much money they can get
The newly introduced schemes showcase the government's focus on employment generation. The schemes will be applicable for jobs created between August 1, 2025, and July 31, 2027, across all sectors, with a substantial budget allocation of Rs 99,446 crore dedicated to incentivizing both employees and employers.
Income tax guide for NRIs returning to India from abroad: Here’s how to understand your tax liabilities for smoother transition
If you’re planning to settle in India, understanding how your tax residency status changes is as important as getting your shipping container through customs. The tax liability of NRIs after returning to India is determined primarily by how many days they have been physically present in the country during the concerned financial year.
EPFO member may soon be able to withdraw EPF money through ATMs, UPI directly
Employees' Provident Fund Organisation subscribers might soon access their EPF money directly. They can use ATMs or UPI after linking bank accounts. The labour ministry is working on this project. A portion of the EPF will be frozen. A large part will be available for withdrawal. The EPFO is resolving software challenges.
'Gen Z taking debt to attend concerts to look cool on Instagram': CA shares a 'big retirement problem' reaching India
Wealth advisor Kanan Bahl warns that India's middle class faces a looming retirement crisis, potentially running out of income by age 45 due to increased spending and uncertain times. He advises aggressive saving and wise investing, highlighting the importance of products like EPF and NPS for disciplined financial planning.
Don’t forget to claim these five deductions for reducing your income tax liability for AY 2025-26 under old tax regime
The deadline for submitting ITR for FY 2024-25 is September 15, 2025 and this means eligible taxpayers should claim eligible certain tax deductions under the old tax regime. Some common tax deductions are available under sections 80D, 80C, 80TTA, 80TTB. These include health insurance premiums, EPF, PPF, ELSS, and savings account interest. Read below to know more.
EPFO increases auto-settlement limit for EPF advance claims from Rs 1 lakh to Rs 5 lakhs: Mansukh Mandaviya
EPF auto-claim limit increased: The Union Minister for Labour & Employment has announced the increase in auto-settlement limit for advance claims from EPF to Rs 5 lakh from Rs 1 lakh earlier. This auto-advance limit covers illness, education, housing etc.
EPF: Do you need to upload documents on EPFO portal to update your date of joining and leaving a job?
The Employees' Provident Fund Organisation has streamlined the process for EPF members to update their employment history, including joining and exit dates. Members with Aadhaar-validated UANs can now directly update profile details without document uploads.
8.25% interest rate on EPF balance for FY 2024-25 got final nod from Govt: Check how it will impact your EPF balance
8.25% interest rate for EPF for FY 2024-25: The Central Government has approved an 8.25% interest rate for FY 2024-25, which ended on March 31, 2025. As the government has approved this interest rate, it will impact the EPF balance of the EPF account holders. Read on to know how much interest you will get and when EPF interest will be credited to your account.
EPF 3.0: Withdraw PF by swiping from ATMs
Swift and hassle-free withdrawal of provident fund money could be revolutionary. Paradoxically, the current time-consuming and tedious process of submitting claims to take out money, and getting approvals, inherently acts as a disincentive or a deterrent for EPF members from making frequent and early withdrawals.
EPF withdrawal claim: How many days does it take to settle an EPF withdrawal claim?
Settlement of EPF withdrawal claim: Many Employees' Provident Fund (EPF) members experienced difficulties after submitting withdrawal requests from their EPF accounts. Some of them voiced concern, noting that there has been no news on the situation since making a withdrawal claim.
Automatic EPF account transfer from old to new job: How EPFO's facility works
Automatic EPF account transfer: Employees Provident Fund (EPF) members can now automatically transfer their provident fund accounts from their old employer to new employer. However, this facility is available to certain EPF members only satisfying certain conditions. Read on to know to whom automatic EPF account transfer facility is available and how it works.
PF claim settlement rule change: Now EPF members will get more interest money on EPF withdrawal, faster settlement
New EPF claim settlement rule: The EPFO has announced changes in Para 60(2)(b) of the EPF Scheme, 1952. The changes announced in the Employees Provident Fund Scheme will help EPF members to get more interest in claim settlement and faster claim settlement. Know all about the new rule, when it is applicable, and which EPF claims it will impact.
SpiceJet may be defaulting on EPF: How to check if your employer is depositing it
In Budget 2021, the government amended the income tax law to ensure that employers deposited employees' EPF dues on time.
Will your EPF account earn tax-free interest even after you leave job?
Many salaried workers make monthly contributions to the Employees' Provident Fund (EPF) account knowing that the account will mature at the time of retirement. However, not many people are aware of the finer details of the scheme. How long money can be kept in the EPF account after leaving job? If an interest will be earned on those EPF accounts.
How to check if your employer has deposited your EPF contribution into the account
Once the Employees' Provident Fund deduction has been deducted from an employee's salary, an employer must deposit the same in the EPF account within the prescribed time limit. However, there have been instances where an employer has failed to deposit the same on time. If the deposit is not made by the employer, it is ultimately a loss for an employee.
Relaxation in EPF deposit rules for employers did not lead to interest loss: Here's why
Due to on-going coronavirus pandemic, EPFO provided relief to the employers by providing relaxation in making the statutory deposit for March 2020. However, this decision would not lead to interest loss for members of the EPF scheme. Here's why.
Can you transfer EPF account from unexempted trust to EPFO, exempted trust?
EPF account transfer from unexempted trust: Many salaried individual have Employees' Provident Fund account either with EPFO or exempted trusts. However, what if you have an EPF account with unexempted trusts? Does EPF scheme rules allow an EPF member to transfer the unexempted trusts to EPFO or exempted trusts? Read on to know about it.
You could lose section 80C tax benefit on EPF contribution; here's why
Section 80C tax benefit on EPF: Many salaried individuals claim Section 80C tax benefit on their own Employees Provident Fund (EPF) contribution. However, not many are aware that if the EPF trust does not meet certain specified conditions, then both the employer and employee contribution will be taxable in the hands of an individual.
Has your EPF interest become taxable after latest salary increments? Here's how to check
The mandatory EPF contribution made to an individual account is calculated on the basic salary amount. Post the appraisal season, as your salary hikes, even the EPF contribution will also hike. If the EPF contribution in a financial year (including VPF) exceeds this specified limit, then interest received on excess contribution is taxable.
How to avoid rejection of EPF withdrawal claim; Steps provident fund member should take
EPF Withdrawal claim rejection: Many individuals are struggling to get their EPF money at the time of withdrawal. The reason for rejection of their EPF claim is due to mismatch in the details available in the EPFO records as well as in the EPF account holders' PAN, Aadhaar or incomplete KYC records. Here is how the EPF claim rejection can be avoided.
How to transfer EPF account from EPFO to employer’s EPF trust and vice versa
While changing jobs, it may happen that your new employer runs a private EPF trust whereas old employer used to deposit the EPF money with EPFO. In such a scenario, can you transfer the EPF account?
When does EPF withdrawal become taxable?
Though the biggest USP of the Employees' Provident Fund is its EEE tax status, however, there are certain instances when EPF can become taxable. Here is a look at those circumstances when you are required to pay tax on EPF whether at the time of making contributions or at the time of withdrawal.
Do EPF members suffer loss if interest payment is delayed by EPFO? Know how withdrawal works when interest credit is pending
Going by the trends seen in many previous years, though interest rate on EPF deposits for the financial year 2023-24 was announced in February to be 8.25% however, the actual payment of interest into respective EPF accounts may take longer. Most EPF members have this concern whether they will lose out earning more interest due to this delay. We tell you how it works.
How to merge two or more EPF accounts
If an individual has multiple UANs, then it's important that the individual mergers all his/her UANs so that balances from the old EPF accounts can be transferred to the EPF account held with his/her current employer. Given below is the online process of merging two or more UANs of EPF accounts. Do note that an online process can be undertaken provided all the EPF accounts (old as well as new) are KYC compliant.
EPF interest rate 8.25% for 2024-25: What’s actual interest amount you will get in your EPF account now? Here’s how to calculate it
EPF interest rate 8.25%: The Labour Ministry has retained the 8.25% interest rate for the current financial year 2024-25. Once the interest rate is notified by the finance ministry, the EPF account holders will get the interest credited to their EPF account. Very few EPF account holders are aware of how EPF interest is calculated.
When will EPF interest be credited for FY 2023-24? Here’s what EPFO has said, 4 ways to check PF balance
EPF interest for FY 2023-24: The Employees' Provident Fund Organisation (EPFO) announced the interest rate for provident fund deposits for the 2023–2024 fiscal year in February of 2024. The interest rate for 2023–24 was raised by the EPFO from 8.15% to 8.25% from the previous year.
New EPF auto-settlement claim rules for medical, education, marriage, housing: How to use this facility, eligibility
EPF auto-settlement of withdrawal claims: The EPFO in a press release has announced extending the coverage of auto-settlement of withdrawal claims to marriage, housing and higher education. The auto-settlement claim was earlier available for specified medical illness only. Read on to know who can apply for these claims, documents required to apply and other details.
Now, even idle EPF account will earn interest
The dilution in the definition of inoperative accounts means that from Nov 11, more account holders will get interest against funds lying idle in their EPF accounts.
How to change EPF nomination online
Every member should name a candidate or nominee to receive the EPF's funds if he or she passes away prematurely. Thus, it is vital to keep your nomination details up to date in order to avoid any legal issues for your loved ones in the future.
These EPF members have started receiving interest payments for FY 2023-24; check EPFO’s statement, 4 ways to check EPF balance
EPF interest payment for FY2023-24: The Government of India has authorized and informed that interest rate for EPF members for the Financial Year 2023–2024 is 8.25% on May 31, 2024. The EPFO said that EPF members' interest rates are not disclosed quarterly.
Is there a last date to file e-nomination in EPF account?
It is important to ensure that an individual makes a nominee in his/her EPF and EPS account so that after their demise, monetary proceeds can be easily given to the nominee.
EPF due payment via demand draft: EPFO allows one-time payment of past EPF dues via Demand Draft
The EPFO now permits employers to make one-time payments of past EPF dues via Demand Drafts, addressing situations where the standard Electronic Challan-cum-Return (ECR) system is unfeasible. While emphasizing internet banking as the preferred method, the EPFO allows this alternative if the regional officer is satisfied it's a one-time request.
You can file EPF e-nomination after Dec 31 too
The Employees' Provident Fund Organisation (EPFO) has said that members can e-file EPF nominations beyond December 31, 2021. This facility can be availed from the EPFO's member sewa portal.
EPFO declares 8.15% as EPF interest rate for FY 2022-23
The EPFO has announced the interest rate for EPF accounts for the financial year ended on March 31, 2023. The interest rate for FY 2022-23 has been hiked by 0.05%
EPF interest rate: Will you lose higher interest on EPF if you don't transfer your EPF account from old to new employer?
Indian salaried individuals should transfer their EPF accounts upon changing jobs to continue earning interest. Neglecting this transfer can lead to loss of potential gains, especially with the current EPF interest rate at 8.25%.
TDS on EPF: When TDS is applicable on EPF withdrawal, how to avoid it
If an EPF balance is withdrawn before 5 years of service, TDS is deducted at a rate of 10%. TDS will be deducted at the highest slab rate of 30% if PAN is not provided during withdrawal.
When will EPF interest for FY 2022-23 be credited, how to check EPF account balance
EPF interest rate for FY 2022-23: Salaried workers are required to make a contribution to the Employees Provident Fund. Additionally, an employer is required to contribute in a matched manner to the EPF account.
EPFO gives relief to these EPF members from submitting joint declaration form
EPFO Joint declaration form submission: EPF scheme rules require mandatory submission of this form if an EPF member wants to contribute on basic pay exceeding statutory limit of Rs 15,000 per month. The EPFO has also started sending SMSes to the EPF members to submit the joint declaration form as soon as possible.
EPFO issues new process for EPF accounts updation to correct name, Aadhaar, date of birth, 8 other details
The Employees' Provident Fund Organisation (EPFO) has issued a new circular on August 23, 2023, to standardise the process of correcting details in the EPF account. As per the new process, an EPF member can correct 11 details in her profile. The new circular has put the restrictions on number of times these 11 details can be corrected or updated.
Delayed EPF interest? Will you be at loss if EPF interest credit is delayed?
If the annual interest credit is delayed, many EPF subscribers may become apprehensive if they will lose the opportunity to earn compound interest on accrued interest due to this delay. Members can conveniently check their EPF balance through the UMANG app, EPFO portal, SMS, or missed calls.
Know the maximum investment in VPF for tax free interest on EPF account
If an individual is covered Employees' Provident Fund (EPF), then every month same is deducted from his/her salary. To make an additional contribution to the EPF account, one can do so via Voluntary Provident Fund (VPF). However, do note that if the contributions via EPF and VPF exceed Rs 2.5 lakh in a year, then the interest earned on it will become taxable.
New EPFO rules for death benefit: 3 changes announced under the EPF's EDLI scheme; check details
The EPFO's Central Board of Trustees announces changes to the Employees' Deposit Linked Scheme to enhance benefits for families of EPF members. Key changes include a minimum benefit for new members, death benefits after non-contributory periods, and consideration of service continuity despite short employment gaps.
From August 1, EPF contributions will be deducted at 12 per cent
The Employees' Provident Fund (EPF) monthly contributions were reduced from 12 per cent to 10 per cent as a part of the Atma Nirbhar Bharat Package back in May 2020. The move was aimed at providing some savings to employers and employees to tide over coronavirus crisis.
