As updation of employees record is a continuous process and gets updated in subsequent months, the data is provisional
A person might have multiple PF accounts for different reasons, but that is not a very good practice, after the introduction of UAN.
According to new labour law, in-hand salary of employees will change. It might recue the take home salary by almost 7-8% from the existing amount.
Though employers have to maintain more PF records of their employees, it would translate into higher revenues for the government.
Some of these tasks must be completed by September 30. Otherwise, you will face problems doing transactions.
Nirmala Sitharaman announced that the government will pay the provident fund share of employer and employee till 2022.
Last date for filing income tax returns for the financial year 2020-21 has been extended till September 30, 2021, which was earlier July 31
Aatmanirbhar Bharat Rojgar Yojana: This scheme is being implemented through EPFO to reduce the financial burden of the employers of various sectors
The provident fund contribution scheme involving direct intervention of the state has created 21.42 lakh blue collar jobs so far during the pandemic.
Of the 12.76 lakh net subscribers added during April, around 6.89 lakh new members have come under the social security coverage of EPFO first time