Showing posts with label EPFO. Show all posts

Tuesday, March 25, 2014

EPFO to issue UAN(Universal Account Number) by October 2014

Employees Provident Fund  Organisation (EPFO) will start providing permanent or universal account numbers (UAN) by October this year all members spread across the country.
EPFO has engaged Centre
The C-DAC is the premier research and development organisation under the Ministry of Communications & Information Technology for carrying out R&D in IT, electronics and associated areas.
Once the UAN is allocated, a subscriber would not be issued new PF account number on joining new employer. This will sure provide great relief to those workers in organised sector who frequently change jobs, particularly, in the construction sector.The UAN would be one account number which would be allotted to a subscriber for various schemes run by the Employees’ Provident Fund Organisation (EPFO) for his or her entire service period with different employers.

for Development of Advanced Computing (C-DAC) to prepare a roadmap for implement this big project. The new numbers will help EPFO members the reduce the pain of filing provident fund account transfer claims on changing jobs.
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Friday, November 8, 2013

Transfer your EPFO account Online


EPFO india has done one of great job in terms of technology oriented facility and helped the people who switch there job often. This will sure reduce paper work and time.Now  It won't be a problem anymore, at least for a lot of us. The Employees' Provident Fund Organisation (EPFO) launched a transfer claim portal on October 2 that will allow you to file for EPF transfers online.

The new facility, which can be accessed through the EPFO website (http://epfindia.gov.in), promises to streamline the process of transferring EPF money as well as help avoid unnecessary delays. EPF subscribers had been finding the old method of filing paper applications cumbersome, inefficient and time consuming.To use this service at least one of your employers (current and previous) will need to have their digital signatures registered with the EPFO. Also, both your previous and present provident fund account number should be available in the EPFO database.
The website also has a 'View status of Transfer Claim' that lets you track the progress of transfer applications made online or using the paper route.
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Saturday, April 20, 2013

Apply online for Provident Fund transfer or withdrawals from July 1: EPFO


Provident fund subscriber of  EPFO will be able to apply online for transfer and withdrawal of their provident fund from July 1, a move aimed at speedy settlement of claims.

Most of People face problem while switching their job they need to transfer thier account. This central clearance facility will expedite the process.The facility will enable subscribes to track online the status of their applications for transfer and withdrawals.
However, the EPFO's ambitious plan to provide permanent account number to all subscribers would be possible by early next year.

Under the new system, the onus of verifying the details of the PF account from previous employers would be on the EPFO. At present, employees have to get their applications verified from their employers for settlement of claims.

The onus of getting the detail of the PF account verified from employers would be on the Employees' Provident Fund Organisation (EPFO) in the new online system for transfer and withdrawal claims
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Tuesday, December 11, 2012

Allowance in Salary will also included in PF deducation


Under the Ministry of Labour and Employment It has been directed that according to new regulation PF(Provident Fund) of a employee should be deducted form  of sum total of  the basic pay and allowances . The new circular will cut the decease the salary of the employees. but that PF amount will  pleasure with you .It will increase the amount of PF deduction but at the same time it same amount will be contributed by Employer which will ultimately help employee in long run

Internal Review of the EPFO ​​in Mumbai on November 30, after meeting all EPF offices across the country it is circular. So far employee contribution is done as   twelve per cent of the basic pay and DA . Following the release of the new circular the  companies who  being manipulate in employee basic salary and break it into different allowance to reduce PF amount will now under pressure . Now for calculating employee PF Basic and other allowance will be added . That means Convenace, medical, education etc these will be the part of PF calculation

Suppose a person's gross salary is Rs 33. It's basic salary 25 thousand, 5 thousand and night shift allowance allowance convenyance allowance as 3 thousand .In normal case  PF contributions on basic pay at the level of Rs 25,000 is made that means his PF contribution will be 6000. But according to the new circular allowances are also  attached to the Basic and then PF contribution  will be calculated which will come around 7,920

This nearly 960 bucks in your pocket and the salary will decrease. If there is no employer's contribution then there will deduction  of Rs 1920 from salary

According to Top government officials,that merely issuing guidelines by Former Central Provident Fund commissioner (CPFC) RC Mishra triggered a controversy by issuing a circular on his last day in office has no relevance; instead amendment in the EPF Act by Parliament is the only way to enforce new norms for PF contributions.
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Friday, September 21, 2012

Check your EPF (Employees' Provident Fund) Account Passbook


Check your Employees' Provident Fund (EPF) Passbook online. Users have to register with the Member Portal of the Employees' Provident Fund Organization (EPFO) to check the passbook online. Details such as mobile number, date of birth, email id etc. are required for registration. Identification proof number such as PAN, AADHAR, NPR (National Population Register), Bank Account, Voter ID, Passport or Driving is also required. The facility at present is only for the members for whom the employer has uploaded the Electronic Challan Cum Return for the wage month of May 2012 onwards.

Register online to view your EPF Account Passbook.
•  The facility at present is only for the members for whom the employer has uploaded the Electronic Challan Cum Return for the wage month of May 2012 onwards.
•  There is no need to create and remember any user id and password. You have to use your mobile number and any of your following identification proof number such as PAN, AADHAR, NPR (National Population Register), Bank Account, Voter ID, Passport or Driving
   License to register and thereafter to login.
•  You can add multiple id numbers (one id against each of the listed types) and any one along with the mobile number can be used for the login.

•  One mobile number can be used for one registration only.
•  A registered member can view only one account details under one establishment. In case you are having more than one account under one establishment, please apply for transfer through the Form 13.
•  One member can view up to a maximum of 10 accounts under different establishments. The 10 accounts can be viewed any number of    times. Get your old accounts transferred to the current one by using the Transfer Form 13.
•  Facility to display the accounts of inoperative accounts will be provided later through a request mode.
•  The facility is not for the current members of establishments having exemption under the EPF Scheme 1952.
for more details and FAQ visit here
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