Other trade unions also agree on the suggestion to define wages under the Code on Wages in such a way that the Employees' Provident Fund (EPF) is deducted on the entire gross pay of a worker covered under the social security
EPF Rules 2020: Out of a total workforce of 840 employees, Pawan Hans, a government-owned aviation company, had engaged 570 employees on a regular basis, while 270 employees were engaged on ‘contractual’ basis.
Where is EPF money invested: The Employees’ Provident Fund Organization (EPFO) invests in Exchange Traded Funds (ETFs) based on Nifty 50, Sensex, Central Public Sector Enterprises (CPSEs) and Bharat 22 Indices.
Employers cannot escape from the responsibility of depositing PF contributions of employees timely. Also, the employer can't be exonerated even when it deposits the contributions after a complaint of delay is already filed.
Provident Fund, Pension for Exempted Establishment: Is an employee of an exempted establishment entitled to higher pension based on his contribution towards Provident Fund, made on the actual salary, over and above the ceilin
Employee Provident Fund (EPF) rules amendment 2019: The government is planning to amend certain sections of The Employees' Provident Funds And Miscellaneous Provisions Act, 1952 to bring more clarity to the law.
EPS to National Pension System transfer proposal: Government's draft 'The Employees’ Provident Funds and Miscellaneous Provisions (Amendment) Bill, 2019'proposes to provide employees an option to switch between EPS and NPS.
Provident Fund interest calculation: Over six crore account holders of Employee Provident Fund Organisation (EPFO) will get interest amount at 8.65 per cent credited to their account ahead of the festival season