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The pensioners under the Employees’ Pension Scheme (EPS), 1995, will have the flexibility to access their pensions from any bank branch in India from January 1, 2025. This system will allow 7.8 million members of EPS to withdraw their pensions from any bank branch across the country.
Do EPS 95 pensioners need to submit Digital Life Certificate every six months? EPFO clarifies A Digital Life Certificate (DLC) is an electronic document that confirms the survival of a pensioner. Traditionally, pensioners had to submit physical life certificates to…
Retirement fund body EPFO has registered 13.41 lakh net new members addition in October 2024, according to showed latest payroll data. This signifies increased employment opportunities and heightened awareness of employee benefits, bolstered by EPFO’s effective outreach initiatives, a labour ministry statement said on Wednesday.
Karnataka Revenue Minister Krishna Byre Gowda informed the Council that in the present fiscal year, the State Government has collected Rs 15,145 crore in additional tax from stamps and registration.
The Employees Provident Fund Organisation (EPFO) has given one last chance to employers to approve the pending pension applications under the Higher EPS Pension scheme by January 31, 2025.
The Uttar Pradesh government has cut VAT on aviation turbine fuel (ATF) to make Jewar Airport a competitive aviation hub. Uttar Pradesh Chief Minister Yogi Adityanath’s recent decision to reduce the VAT on aviation fuel to just 1% is seen as a move to position Noida’s Jewar Airport as a competitive player. This airport is expected to become operational in 2025.
Members of the retirement fund body EPFO may soon be able to withdraw their provident fund (PF) money directly from ATMs after the settlement.
The government of Kerala has urged the 16th Finance Commission to increase its share of the divisible tax pool from the 41 per cent recommended by the 15th Finance Commission to 50 per cent.
PF withdrawal from ATMs: Labour Secretary Sumita Dawra announced that the Labour and Employment Ministry is currently in the process of enhancing its IT systems to better serve the workforce of India. She mentioned that EPFO subscribers can expect significant improvements, as they will soon have the ability to directly withdraw funds from their provident accounts at ATMs starting next year.
The Bombay High Court has declared the arrest of Sales Tax Officer Amit Lalge, who was arrested for allegedly giving fraudulent tax refunds totaling Rs175 crores to 16 ineligible companies between August 2021 and March 2022, as “illegal and in gross violation of fundamental rights.”