EPF Admin Charges Reduce from 0.85% to 0.65 % from 1st Apr 2017

Good News from EPFO the administrative charges payable by the employer for the purposes of paragraph 30 and sub-paragraph (1) of paragraph 38 of the said Scheme with effect from 1st April, 2017 at 0.65 per cent (zero point six five per cent.) of the pay as referred to in the said paragraphs subject to a minimum sum of seventy-five rupees per month […]

Gratuity Upto Rs.20 Lakh Relaxed From Income Tax

Private-sector employees will soon be able to withdraw up to Rs.20 lakh in tax-free gratuity after the Centre decided to amend a law and bring them at par with central government staff. Currently, private sector employees can get tax exemption up to Rs.10 lakh in gratuity after five years of continuous employment. A tripartite meeting between […]

Aadhaar Mandatory for EPF Pensioners and Members

EPFO has earlier decided to make Aadhaar mandatory for Pension claims. Now as per new directions issued from EPFO, even existing members has to provide Aadhaar to continue to avail benefits of Pension Scheme. As per the said notification members or pensioners of the Employees’ Pension Scheme 1995 desirous of continuing the benefit of the said scheme are […]