Employer’s Attestation no Longer Necessary for Filing PF Claims Employees’ Provident Fund Organisation (EPFO) has launched simplified brief forms for withdrawal. These forms are one page forms requiring only five to six types of information to be submitted. These forms are applicable to those employees who have completed their Form-11 (New) details and the employer…
EMPLOYEES’ PROVIDENT FUND ORGANISATION Ministry of Labour & Employment, Govt. of India No.14, Bhavishya Nidhi Bhavan, Bhikazji Cama Place, New Delhi 110 066 No. WSU/10(1)2011/Changes in MAP/31406 Date: 01-Dec-2015 ORDER In Exercise of powers conferred under para 78 of Employees’ Provident Funds Scheme 1952, the Central Govt. has directed the following: “a. The employees…
The Prime Minister, Shri Narendra Modi, launched three gold related schemes at a function on 5th Nov-15.The schemes are – Gold Monetization Scheme, Sovereign Gold Bond Scheme, and India Gold Coins. On the occasion, the Prime Minister Shri Narendra Modi described the schemes as an example of “sone pe suhaaga” (icing on the cake).…
The Government of India has announced that the Sovereign Gold Bond will be open for subscription from November 5 to 20, 2015. The issue price of the Sovereign Gold Bond for this tranche has been fixed at ₹ 2684 (Rupees Two Thousand Six Hundred and Eighty Four) per gram of gold. The rate has been…
Government of India, in consultation with Reserve Bank of India (RBI), has decided to issue Sovereign Gold Bonds. The Bonds will be issued on November 26, 2015. Applications for the bond will be accepted from November 05, 2015 to November 20, 2015. The Bonds will be sold through banks and designated post offices as may…
NPS has been implemented for all Government Employees (except armed forces) joining Central Govt. on or after 01 January 2004. Most of the State/UT Governments have also notified the National Pension System (NPS) for their new employees. NPS has been made available to every Indian Citizen from 01st May 2009 on a voluntary basis. Further,…
The Union Cabinet chaired by the Prime Minister, Shri Narendra Modi, today gave its approval for introduction of Gold Monetization Schemes (GMS), as announced in the Union Budget 2015-16. The objective of introducing the modifications in the schemes is to make the existing schemes more effective and to broaden the ambit of the existing schemes…
Section 194A of Income Tax Act, 1961 All Banks are required to deduct TDS on interest payments made to its account holders when the interest amount is in excess of INR 10,000. What is Form 15G and Form 15H? Form 15G & Form 15H are self-declaration forms required to be furnished by a person who…
EPFO Settles 11.56 Lakh Claims in July,2015Social Security Agreements with Austria and Canada Come Into Effect In the month of July, 2015 EPFO( Employees Provident Fund Organisation) have revised from 30 days to 20 days, the timelines for settlement of PF, pension and insurance claims. As a result, the claimants would now get speedier service.…
There are many employees who are struggling to get their details corrected in PF records. Details like name of the employee, Father/ Spouse name and Date of Birth are the details which can be corrected. For the purpose of correction, one needs to follow the process as given below: For change of name of employee…