Page 7 - Epfo
Claiming advance EPF is easy, but withdraw it only if you are in dire need
There is no income-tax on the advance, but withdraw only in dire need
 "Claiming advance EPF is easy, but withdraw it only if you are in dire need")
Govt may soon allow firms to delay EPF contributions or pay in installments
EPFO CEO tells companies they are legally obliged to make provident fund contribution on basic pay of up to Rs 15,000
 "Govt may soon allow firms to delay EPF contributions or pay in installments")
Covid-19 impact: Companies facing cash crunch can delay EPF contribution
The EPFO said that companies are facing liquidity or cash crunch in paying their mandatory provident fund dues "even though they are retaining the employees on their rolls"
 "Covid-19 impact: Companies facing cash crunch can delay EPF contribution")
Rs 65,000 cr package needed for poor, target is doable: Raghuram Rajan
Former RBI Governor responds to Rahul Gandhi's question, says GDP is Rs 200 trillion, and out of that 65,000 crore is not a huge amount
 "Rs 65,000 cr package needed for poor, target is doable: Raghuram Rajan")
It's a better option to take advance EPF than a loan during tough times
The usual advice is that one should not withdraw from their EPF account because it hurts the retirement corpus
 "It's a better option to take advance EPF than a loan during tough times")
Covid-19 impact: NLC, TCS employees top EPF advance withdrawal list
The top firms which saw the highest amount of applications for EPF advance withdrawal were TCS (9,373 employees), HCL Technologies (6,938) and NLC (3,255)
 "Covid-19 impact: NLC, TCS employees top EPF advance withdrawal list")
EPFO defers March dues payment till May 15; provides break to 600,000 firms
The contributions towards social security schemes - run by Employees' Provident Fund Organisation (EPFO) - for March was due till April 15, which has been extended till May 15
Covid-19: Cabinet may approve proposal on EPFO contribution, withdrawals
The proposal to allow subscribers to withdraw 75% of their EPF contribution or three months wages
EPFO puts in place mechanism to credit govt's share to EPF, EPS under PMGKY
The PMGKY package is aimed at preventing disruption in the employment of low wage-earning EPF members and extending support to the eligible EPF covered establishments.
 "EPFO puts in place mechanism to credit govt's share to EPF, EPS under PMGKY")
Coronvirus: EPFO to accept Aadhaar as birth proof online from subscribers
Earlier, the EPFO allowed its subscribers to withdraw three months basic pay and dearness allowance as non-refundable advance on the ground of COVID-19 lockdown from March 28, 2020
 "Coronvirus: EPFO to accept Aadhaar as birth proof online from subscribers")
Workers facing financial stress can withdraw 75% from EPF corpus: Know how
FM Nirmala Sitharaman on Mar 26 announced amendment in the EPFO regulation to allow employees withdraw up to 75% of their corpus as non-refundable advance, or 3 months' basic salary, whichever us less
Six changes in tax rules that come into effect today
Today is first day of the financial year 2020-21, and with new year come new tax rules. Here are the six changes that come into effect from today
 "Six changes in tax rules that come into effect today")
Coronavirus: Govt allows non-refundable advance withdrawals under EPFO
The EPFO has directed its field offices to implement the amendment
Coronavirus: Centre's EPF scheme to cover only 16% of total subscribers
Employers and employees equally contribute 12 per cent of wage towards a worker's provident fund account maintained with the Employees' Provident Fund Organisation (EPFO).
 "Coronavirus: Centre's EPF scheme to cover only 16% of total subscribers")
Top 10 biz headlines: RBI supersedes YES Bank, SBI considers buying stake
From the State Bank of India exploring opportunity to pick up stake in YES Bank to RBI Deputy Governor deciding to step down, Business Standard brings you the top headlines of the day
 "Top 10 biz headlines: RBI supersedes YES Bank, SBI considers buying stake")
EPFO cuts rate on employee provident fund to 7-year low of 8.5% for FY20
The EPFO had given an interest rate of 8.65% in the previous financial year to roughly 170 million subscribers
 "EPFO cuts rate on employee provident fund to 7-year low of 8.5% for FY20")
EPFO reduces interest rate on employee provident fund to 8.5%
The move means salaried employees will earn lower returns for the financial year ending on March 31, 2020
 "EPFO reduces interest rate on employee provident fund to 8.5%")
Labour ministry keen to retain 8.65% interest rate on EPF deposits for FY20
The EPFO had provided 8.65 per cent rate of interest to its subscribers for 2016-17 and 8.55 per cent in 2017-18
 "Labour ministry keen to retain 8.65% interest rate on EPF deposits for FY20")
Top headlines: Mayhem on D-Street, EPFO may cut interest rates, and more
From Bezos entering food delivery biz to SoftBank exec running smear campaigns, here are the top stories for the day
 "Top headlines: Mayhem on D-Street, EPFO may cut interest rates, and more")
Cut in the offing? EPFO may cut interest rate to 8.5% for FY20, says report
EPFO was offering subscribers an interest of 8.65% in 2018-19
