Search Results for Tag : provident fund
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Employees Pension Scheme(10.08.2015)
The Minister of State for Labour and Employment stated the government had constituted an Expert Committee to review Employees' Pension Scheme, 1995 wh.....
Tags : pension, employees, provident fund
News
ITAT, Bangalore: Employee Contribution to Provident Fund Before ITR Eligible for Deduction(03.03.2022)
Income Tax Appellate Tribunal (ITAT), Bangalore has ruled that an Employee contribution to Provident Fund (PF)/ Employee State Insurance (ESI) before .....
Tags : Income Tax Appellate Tribunal, Employee Contribution to Provident Fund
Supreme Court: GPF Nomination in Favour of a Parent Becomes Invalid Once the Employee Marries(08.12.2025)
Supreme Court held that when an employee marries, any prior General Provident Fund (“GPF”) nomination in favour of a parent becomes void, and upon the.....
Tags : General Provident Fund, Nomination, Employee
EPFO Eases Withdrawal Rules, Self-declaration to Replace Need for Certificates(28.04.2017)
Employees Provident Fund Organisation (EPFO) has decided to allow individuals to withdraw money for treatment of illnesses, purchase of equipment for .....
Tags : Employees Provident Fund Organisation, Withdrawal Rules
ITAT: No Disallowance of PF/ESI Contributions on Account of Delay in Deposit(20.05.2022)
Income Tax Appellate Tribunal ( ITAT ), Delhi Bench has held that no disallowance of provident fund and Employees State Insurance contributions on acc.....
Tags : Income Tax Appellate Tribunal, Disallowance, Provident Fund, Delay in Deposit
Supreme Court: Provident Fund Dues Have Priority over a Bank’s Claim under the SARFAESI Act(21.11.2025)
SC held that employees’ provident fund dues take precedence over banks' priority claims when a company’s assets are sold under the SARFAESI Act. It ru.....
Tags : Provident Fund, Bank’s Claim,
Labour Ministry Eases Norms on Employees' Provident Fund Withdrawals(19.04.2016)
Labour Ministry has eased the planned restriction on withdrawal of contribution to the employees' provident fund and said withdrawal can be allowed fo.....
Tags : Labour Ministry, Provident Fund Withdrawals
Allahabad HC Denies Bail to UPPCL Director in Provident Fund Investment Scam Case(08.04.2020)
Allahabad High Court has rejected the bail plea moved by Director (Finance) of the Uttar Pradesh Power Corporation Limited (UPPCL) in connection with .....
Tags : Allahabad High Court, Provident Fund Investment Scam Case
Judgments
Mere payment of contributions after filing of case will not absolve employer from his liability(27.04.2018)
In facts of present case, on November 19, 2014, Enforcement Officer, Employees Provident Fund Organization (Opposite party No. 2) inspected the establ.....
Tags : Provident Fund, Deposit, Default, Proceedings, Quashing
AP HC: Employees Engaged in Loading, Maintenance Covered under Definition of Employee(25.03.2025)
AP HC has held that employees engaged by security agencies, for loading/unloading, office/factory maintenance and pay loader work would be covered by .....
Tags : AP High Court, Employee, Provident Fund
Undue Delay by Courts in Implementing Welfare Schemes Will Defeat its Purpose: Madras HC(21.06.2018)
Madras High Court has held that Employees Provident Fund Act is a welfare statute and courts have to be cautious that the quasi-judicial functions of .....
Tags : Madras High Court, Employees Provident Fund
PF Body Removes 5-Day Grace Period for Contribution by Employers(11.01.2016)
Employees' Provident Fund Organisation (EPFO) has removed the grace period of five days given to employers to deposit the Provident Fund (PF) contribu.....
Tags : Employees' Provident Fund Organisation, Provident Fund (PF) contribution
EPFO Tightens PF Withdrawal Norms(29.02.2016)
Retirement fund body EPFO has tightened norms on withdrawal of provident fund as well investment of such amount in Varishtha Pension Bima Yojana. Now,.....
Tags : EPFO, withdrawal of provident fund
EPFO Raises Rate Marginally to 8.8% for FY16(17.02.2016)
Employees' Provident Fund Organisation (EPFO) has marginally raised interest rate on retirement savings to 8.80% for 2015 -16 from 8.75% last year but.....
Tags : Employees' Provident Fund Organisation, interest rate on retirement savings
Government Allows EPF Members to Move Retirement Savings From EPF to NPS(08.03.2017)
Government has allowed members of Employees' Provident Fund (EPF) option to move their retirement savings to National Pension System (NPS) giving effe.....
Tags : Government, Employees' Provident Fund, National Pension System
EPFO Introduces Common Form For Withdrawals(22.02.2017)
Employees' Provident Fund Organisation (EPFO), has introduced a new window for its subscribers to submit their claim forms directly to body without at.....
Tags : Employees' Provident Fund Organisation
EPFO Stays New PF Withdrawal Norms Till April 30(04.04.2016)
Employees Provident Fund Organisation (EPFO) has deferred till April 30, implementation of new norms that restrict 100 per cent withdrawal of providen.....
Tags : Employees Provident Fund Organisation , New PF Withdrawal Norms
SC: PF Can’t be Withheld by Bank Without Proving Actual Loss Caused by Employee(09.11.2023)
Supreme Court has held that as per Punjab National Bank (Officers’) Service Regulations, 1979 bank could withhold the Provident Fund (PF) amount only .....
Tags : Supreme Court, Provident Fund, Punjab National Bank
EPFO Decides to Give Interest on Inoperative Accounts from April 1(30.03.2016)
Employees' Provident Fund Organisation (EPFO) has decided to give benefit of accrual of interest on the inoperative accounts, reversing the decision t.....
Tags : Employees' Provident Fund Organisation , Inoperative Accounts
SC: PF Can’t be Withheld Without Proving Actual Loss Caused by Employee(09.11.2023)
Supreme Court has held that as per Punjab National Bank (Officers’) Service Regulations, 1979 bank could withhold the Provident Fund (PF) amount only .....
Tags : Supreme Court, Provident Fund, Punjab National Bank
EPFO Eases UAN Rule for PF Settlement, But Sets Riders(15.07.2016)
Employees Provident Fund Organisation (EPFO) has relaxed provision that requires furnishing of Universal Account Number (UAN) for settlement of claims.....
Tags : Employees Provident Fund Organisation , Universal Account Number
Notifications & Circulars
Employees to be able to make EPF claims directly(01.12.2015)
The Ministry of Labour and Employment has notified that employees whose Aadhaar and bank account details have been seeded in their activated Universal.....
Tags : Employee, provident fund, attestation, claim
EPFO Sets Guidelines to Settle Death Claims within Seven Days(02.11.2016)
Employees' Provident Fund Organisation (EPFO) has said that it has issued guidelines to its Field Offices to settle death claims within seven days and.....
Tags : Employees' Provident Fund Organisation, death claims, retirement cases
Restriction on EPF withdrawal(05.05.2016)
The Minister for Labour and Employment outlined the restrictions on withdrawal of funds from the Employees Provident Fund Scheme. Instances when withd.....
Tags : Employees provident fund, withdrawal, labour and industrial
Labour Ministy to Cut Cos' EPFO Coverage Threshold to 10 Workers From 20(02.02.2016)
Labour Ministry, in order to provide social security to additional 50 lakh workers under retirement fund body Employees' Provident Fund Organisation (.....
Tags : Labour Ministry, Employees' Provident Fund Organisation
ITAT, Delhi: Commissioner Sanction Not Required for Contribution towards EPF Under EPF Act(31.05.2017)
ITAT Delhi has held that approval by Commissioner of Income Tax is not a mandatory requirement to allow deduction of contribution towards EPF under se.....
Tags : ITAT Delhi, Income Tax Act, Employees provident Fund Act
Supreme Court: Provident Fund Dues Have Priority over a Bank’s Claim under the SARFAESI Act(24.11.2025)
Supreme Court held that employees' provident fund dues under the EPF Act take precedence over banks’ claims under the SARFAESI Act, reaffirming that t.....
Tags : Provident Fund, Bank’s Claim, Priority
Cal. HC: Once Funds of PF are Transferred to Statutory Fund, Employees Can’t Claim a Separate Share(04.02.2025)
Calcutta High Court has observed that once funds of a provident fund trust are transferred to the statutory Provident Fund, employees cannot claim a s.....
Tags : Calcutta High Court, Statutory Fund, Provident Fund
Govt Eases General Provident Fund Norms, Now Withdrawal Possible Within 15 Days(09.03.2017)
Government has relaxed norms for withdrawal of General Provident Fund (GPF) enabling employees to receive payments within 15 days, and also making it .....
Tags : Union Government, General Provident Fund
EPFO: 8.16% Extra Benefit to Pensioners if They Defer Withdrawal(23.06.2016)
Employees' Provident Fund Organisation (EPFO) has said that pensioners who defer withdrawal of pension for two years after reaching the age of 58 year.....
Tags : Employees' Provident Fund Organisation (EPFO), pension
Supreme Court: PF Authorities Have No Authority Over Exempted Authorities(14.03.2017)
SC has held that once an establishment is covered under any one of excepted category under Section 16 of Employees’ Provident Funds and Miscellaneous .....
Tags : Supreme Court, Employees’ Provident Funds and Miscellaneous Provisions Act
Madras HC: Remarried Widow Entitled to Receive Provident Fund Amount(21.12.2016)
Madras High Court has held that a widow is entitled to receive amount that had accumulated in Provident Fund account of her late husband even if she h.....
Tags : Madras High Court, Remarried Widow, Provident Fund
CIC Orders Compensation to RTI Applicants for Wrongful Delay(14.12.2015)
Central Information Commission (CIC) has awarded compensation to applicants fighting for information on their salary dues and slammed the respective o.....
Tags : Central Information Commission , provident fund/salary
#Union Budget 2021-2022: Late Deposit of Contributions Not Allowed as Deductions to Employers(01.02.2021)
Finance Minister has reiterated that late deposit of contributions will not be allowed as deductions to employers, taking notice that some employers d.....
Tags : Finance Minister, Union Budget, Provident Fund Deductions