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EPFO may reduce PF Contributions to 10%

Trustees of retirement fund body EPFO may approve a proposal tomorrow to reduce the mandatory contributions toward social security schemes run by it to 10 percent for workers as well as employers. Presently, employees and employers contribute 12 percent of basic wages each towards Employees Provident Fund Scheme (EPF), Employee ... Read More »

Online EPF withdrawal, pension fixation to be a reality

NEW DELHI: Retirement fund body EPFO is expected to launch an online facility for the settlement of claims, including provident fund withdrawal and pension fixation, by May to put an end to the tedious paper work by its members.  At present, the Employees’ Provident Fund Organisation (EPFO) receives close to 1 crore applications manually for […] Read More »