The labor department has declared that EPFO to allow second Covid 19 advance withdrawal from their EPF accounts to meet the Covid 19 regarding financial emergencies. In the earlier days, only a one-time advance was accessible for members of EPF. The provision to extract cash from EPF accounts was first introduced the previous year in … Read more
India Inc gets relief through ESIC, EPFO is another excellent news for everyone in the formal sector in India. This relief is available as India is still fighting with Coronavirus in its second wave. Almost every part of the nation is under lockdown. Therefore, the pandemic shut businesses down and caused many problems to India … Read more
EPF account holders are eligible for the benefits of Provident fund (PF) under the Employees’ Provident fund. The employer is responsible for deduction and the EPF funds provide social security for the eligible candidates. Equal contribution is one of the key elements wherein both the employee and the employer have to contribute 12% of the … Read more
Important EPF Alert! Many people have lost their jobs due to the coronavirus pandemic, while others have seen their income drop. On the other side, due to medication and health issues, expenditures have risen. Therefore, Many Provident Fund (PF) contributors in India are withdrawing their contributions to help themselves with the funding shortage. In this … Read more
EPFO is a scheme that many citizens of our nation use. Most of the businesses need EPF Registration in India. Therefore, it is necessary to know how to raise a grievance on EPFO! In this article, we will read about steps to raise a grievance on EPFO. We will also read about EPFO and EPF … Read more
The second wave of the corona is more impactful than the first one and it created havoc among the people. Even the public is getting panicked because of the inflation in the medical sector, there is a shortage of oxygen cylinders and some states are running lack of remdesivir medicine. Also, the government has given … Read more
In India, various EPFO schemes are very prominent. As a result, EPFO net new enrolments grow. According to EPFO info, there has been an upward trend with the addition of 12.37 lakh gross subscribers in February 2021. In this article, we will look at this update in detail. In addition, we will also understand EPF, EPF … Read more
Switching jobs is a good thing to do, but it can be scary too. There are a lot of things to consider before making the big jump. For example, you need to know about EPF and transfer EPF (Employer funded Pension) PF to a new employer account. In this article, we will read about EPF, … Read more
The Finance Ministry defends EPF’s tax-free thresholds enabling government employees to have a tax-free threshold. This limit or threshold is 5 lakh for Provident Fund contributions. However, for private-sector jobs, employees having investments above 2.5 lakhs in PPF will be under taxation. This taxation system will begin this year. Therefore, In this article, we will … Read more
ESIC schemes are very popular in India. As a result, there is a hike in new members joining the scheme. According to NSO numbers, the number of new ESIC subscribers registering in 2019-20 was 1.51 crore. Approximately 83.35 lakh new customers joined the ESIC system between September 2017 and March 2018. ESIC scheme adds 11.55L … Read more