Lower PF contribution may be allowed for select class of workers
A senior government official told ET that lower contribution rule under PF will not apply to all.
20% of temporary staff may not be able to avail full benefit of PF withdrawal: Indian Staffing Federation
The staffing federation has written...
PF rates slashed to 7-Year Low of 8.5%
The proposed rate is 15 basis points lower than 8.65% announced for FY 2018-19. The finance ministry w...
'Coal companies must make extra voluntary contribution to staff pension fund'
Coal Mines Provident Fund Organisation commissioner Animesh Bharti told ET: “Following a recent resolution by the trustee board of the CMPFO, coal companies will soon be asked to make voluntary contribution of Rs 10 per tonne of coal produced.
EPFO mulls rate cut on PF deposits to 8.5% for FY20
The EPFO is considering a cut of 15 basis points in the interest rate on PF deposits in FY20 to 8.5%.
EPFO slashes interest rate on deposits to 8.5% for FY20
Retirement fund body EPFO on Thursday lowered interest rate on provident fund deposits to 8.5 per cent for the current financial year, said ...
EPF interest rate lowered by 15 bps to 8.5% for FY20
The interest rate is a big sentiment booster and any cut may further hit the employee sentiment.
Tax-exempt employer contribution to PF, NPS capped: Why high earners should opt for VPF, NPS
Till now, individuals with high basic salary could have the employer contribute up to 22% of the basic towards PF and NPS (12% and 10% ) and up to Rs 1.5 lakh to a superannuation fund and avail tax exemption on the entire amount.
Employer’s contribution to PF over Rs. 7.5 lakh set to be taxed
The provision will lead to higher tax liability on both the employee and the employer, a senior government official told ET. Another official ET spoke to said it was indeed a revenue mobilisation measure, though the proceeds would be small.
MOIL contributes Rs 45 crores towards PM-CARES fund
State owned-manganese ore mining company, MOIL has contributed Rs 45 crores towards PM-CARES Fund and has also taken up various preventive measures at all its offices, mines, plant and residential townships to protect the employees and their families against the spread of Corona virus.
PM Modi thanks MHA employees for pledging contribution to PM-CARES fund
He was responding to a tweet by home minister Amit Shah that officers and staffers of the ministry of home affairs and Central Police Organizations as well as six Union territories without legislature would contribute one day's salary to the PM-CARES Fund to fight Covid-19.
NPS Lite investors comprise 34% of NPS subscribers, but contribute just 1% of AUM: Survey
The number of NPS subscribers under the unorganised sector is almost equal to the number of NPS subscribers under the corporate sector. However, the number of NPS subscriber under the Unorganised Sector is 9.25 lakh but contribute only 1% of AUM.
Covid-19 outbreak: PF relief for staff, firms on the cards
The employer is liable to pay interest of 12% per annum for every day that there is a delay in payment into the EPF account. Besides, there is a penalty of 5-25% per annum for delays ranging from up to two months to more than six months.
COVID-19: REC contributes Rs 150 cr to PM CARES fund
REC is committed to participating in corporate India's response to COVID-19 through funds, community welfare plans and through leveraging its expertise to offer assistance, the company said.
Govt clarifies on company's contributions to PM CARES Fund above CSR limit
“Even if you have contributed the prescribed amount towards CSR, I would like to urge you to contribute over and above the minimum prescribed amount, which can later be offset against the CSR obligation arising in subsequent years, if you so desire,” said corporate affairs secretary Injeti Srinivas in an online appeal to company chiefs.
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