Settlement of Pension Claims Related to Seasonal workers/establishments

EPFO issued the notification dated 17-08-2022 regarding the settlement of pension claims of seasonal workers of seasonal factories/establishments. Fraction of service of the employee for six months or more shall be treated as one year and service of less than six months will be treated as zero.

In case of a seasonally employed employee worked in any establishment period of contributory service of less than one year will such service shall be treated as a full year .

SOP Introduced by EPFO for settling of Death Claims (Industrial Accident)

EPFO issued the notification dated 03-08-2022 regarding the framed of  SOP (Standard Operational Procedure) for settling of the claims on the top priority in case of death of the member by Industrial Accident.
Immediate process should be followed in case of Industrial Accident Death so that family members/nominee can avail the benefits from EPFO and delay in such action will be treated as violation under provision of EPF Act 1952 and shall be liable for action as per law.

Instruction For Deduction of TDS from EPFO while Processing of Claims

EPFO issued the notification dated 22-07-2022 regarding the procedure of calculation and deduction of TDS while processing the claims.TDS deduction on basis of Applicability/Limit/Rate at which TDS calculated/Process flow at the level of Dealing Assistant.

PF Notification regarding Correction in Employee details

EPFO issued the notification regarding all the corrections related to the Employee detail after the notification dated 12-02-2021. In this, the complete list of documents has been mentioned to correct or modify the registered Employee detail in PF Records. 

Options for Declaration of Principal Employers/Contractors on PF Portal

EPFO issued the notification on dated 27^th April 2022 regarding the declaration of Contractors and Principal Employers on PF portal. Both have to registered the details of each other in their specified option on portal. Now, principal employers can manage the whole activity of contractors (nature of work//man power/challan submission). Separate license will issued to contractor in every contract including the Principal Employer details.

This will ease the work of compliances for both and as well as for the PF office also. EPFO issued the format also for Principal Employers regarding (disclosing the details of Contractors).

Remitting of Pension Share for Employees after 58 Years also.

EPFO issued the notification on 22^nd April 2022 for making aware to employers as many employers are submitting the contribution of those employees also who have attained the 58 years of age which is not applicable as per EPF act. Due to this at time of applying for full and final settlement employees are facing problems as their claims are get rejecting and EPFO offices to put lot of effort to correct the same mistakes..

Employers need to be more cautious while uploading the ECR on portal as EPFO has already provided the option to verify the employees who has attained the 58 years of age before submitting the challan.

EPFO Rate of Interest FY 2021-2022 @8.10%.

EPFO issued the notification on dated 03-06-2022 declaring the credit interest @8.10% for the year of 2021-2022 to the account of each member of the EPF scheme .

The lowest interest since 1977-1978 when it was 8%. For the FY 2020-2021 it was the 8.5% as per the previous year 2019-2020.

Addition of 14.60Lakhs Employees on EPFO during December 2021.

As per the EPFO release payroll data dated 20^th Feb 2022, it mentioned that 14.60lakhs employees joined the EPFO in the month of Dec 21 increase of 2.06lakhs  as compared to previous year data. Out of 14.60lakhs employees 9.11lakhs new employees enrolled under EPF Act for first time and 5.49lakhs had rejoined EPFO. Establishments covered in Maharashtra, Haryana, Tamil Nadu, Karnataka and Gujarat has employed around 61.44% of total payroll data.

EPFO provides benefits to the employees as well as for family members like pension benefit at time of retirement and insurance benefits in case of untimely death of a member.

Incomplete registration of Digital Life Certificates - Pensioners

As per the EPFO data, it was noticed that out of total pensioners 66.76 lakhs only 54.84 lakhs have registered online on website of Digital Life Certificate (DLC) for availing pension. DLC have rejected the 0.28 lakhs pensioners application and 14.78 lakhs pensioners have not registered on website till date for pension whereas the procedure was introduced in September 2014 by the government.

So, EPFO has instructed all the regional offices to complete due registration of pensioners on website at earliest by coordinating with Banks, Enforcement Officers and Common Service Centers for the same.

Now, EPF Pensioner Can Submit Life Certificate At Any Time

Earlier Pensioners were required to submit the Life Certificate at PF office in month of November every year so they can continue the pension which led to heavy workload at PF offices in November month. So, it has been decided that submission of Life certificate in November month of  every year has replaced by it.

Mandatory Compliances of Contractual/Daily Wages Employees Under EPF Act 1952.

EPF has issued the notification regarding the mandatory compliance for contractual /daily wages employees to ensure the security and has directed to all agencies , contractors and principal employers to mandate the compliance for contractual /daily wages employees . EPF had earlier also issued the notice on this subject dated 08/06/2013.

Now, PF Employees will not have to submit the transfer claim .

EPFO has approved the development of centralised IT-enabled systems by the Centre for Development of Advanced Computing (C-DAC). This move will be beneficial for all the PF members as the PF account number will be the same after the change of job. So, after implementing of this decision, PF members no need to worry about the transfer claims.

EPFO-Mandatory Seeding of Aadhaar Number with UAN till 30.11.2021

EPFO has issued the notification dated 15-11-2021 regarding the seeding of Aadhaar number of employees with their UAN on portal till 30.11.2021, so their contribution can be submitted.

Hence, employers will not be able to submit the contribution of those employees whose Aadhaar is not linked with the UAN on portal.

EPFO - Rate Of Interest 8.5% for period 2020-2021

EPFO issued the Notification regarding the declaration of the rate of Interest @ 8.50% for the period of 2020-2021. It is published on dated 30-10-2021.

EPF - Aadhar Seeding deadline extended by Delhi High Court

The Delhi High Court has extended till 30th, November of 2021, the deadline for the seeding of the Aadhaar number along with the Universal Account Number (UAN) and its verification. The order has been given dated 23/09/2021. It is applicable to all the establishments and Employees are covered under EPF in all the states.

EPFO extended the deadline for seeding of UAN with Aadhar till December 2021

EPFO

EPFO issued the notification regarding the relief to the establishments from levy of penal damages for delay in deposit of dues for the month of May 2021 due to non-seeding of Aadhar in the UANs.

EPFO

EPFO issued the notification regarding timeline to settle the Death cases within 3 working days and PPOs to be Dispatched to the Bank within 7 days of receipt of the claim on dated 23-08-2021.

EPFO

EPFO

EPFO

EPFO

EPFO allowed the PF members to avail second non-refundable Covid-19 Advance as per The Press Information Bureau Notification on dated 31-05-2021.

Under this provision, non-refundable withdrawal to the extent of the basic wages and dearness allowances for three months or up to 75% of the amount standing to member's credit in the EPF account, whichever is less, is provided. Members can apply for a lesser amount also.

EPFO

EPFO

EPFO issued the Gazette Notification regarding the maximum assurance benefit payable under EDLI Scheme has been enhanced to Rs. 7 lakh from the earlier maximum benefit of Rs. 6 lakh.

The minimum assurance benefit has been fixed at Rs.2.50 lakh.

The Monetary fine payable has been enhanced to Rs.25000/-.

EPFO

EPFO Enhanced maximum assurance benefit to Rs. 7 Lakh from the present benefit of Rs.6 Lakh on dated 09/09/2020.
Download complete Press Release Notification.

EPFO

EPFO Circular for Settlement Of Death Claims

EPFO published the Circular for Settlement Of Death Claims on Priority Basis EPFO vide circular no EDLI/3(39)SOM/2020/246 has directed the Regional Provident Fund Commissioner (in-charge of Regions) to depute an Enforcement Officer towards ascertainment of complete details of any incidents of industrial accidents resulting in the death of employees of a covered establishment as well as ensuring due to guidance provided to family members/legal beneficiaries of the deceased members by the filing of claims.

EPFO

Extension Of Validity Period Of Scheme under PMGKY

The extension has been done of Validity Period Of Scheme under PMGKY Package To 24% Contribution For Employer And Employee As per the notification to prevent disruption in the employment of low wage-earning employees and support establishments employing up to one hundred employees, the entire employees EPF contributions (12% of wages) and employers’ EPF & EPS contribution (12% of wages), totaling 24% of the monthly wages for the next three months that is June, July, August shall be directly paid by the Central Govt. in the EPF accounts (UAN) of employees, who are already members of Employees Provident Funds Scheme,1952, drawing wages less than fifteen thousand rupees per month and employed in establishments, already covered under the Employees Provident Funds And Miscellaneous Provisions Act 1952.

EPFO

Process to claim the PF advances by selecting purpose of "Outbreak of Pandemic (Covid 19)"

EPFO

FAQ on Reduced PF contribution

Frequently Asked Questions on Reduce PF contribution rate from 12% to 10% w.e.f 01-05-2020. EPFO has released FAQ to clarify the doubts on the reduction rate of EPF contribution and related facts. The reduce rate is applicable for the month of MAY 2020 to JUL 2020.

EPFO

Notification of No Penal damages and Interest will be counted on late payment of PF Challan during the lockdown period.

EPFO

Notification to reduce PF contribution of employee and employer from 12 % to 10% for the period MAY 2020 to JUL 2020.