The Employees’ Provident Fund Organisation (EPFO) will undergo a significant overhaul in 2025, as discussions are ongoing to alter the existing pension system and to increase the social security coverage for salaried employees. Among the proposals discussed, one of the most important is to raise the wage ceiling that is used for the computation of … Read more
There is a widespread belief among employees that the Employees’ Provident Fund Organisation (EPFO) has fixed the maximum contribution to the provident fund at 12% of the basic pay plus dearness allowance (DA). This, however, is a misconception that is very common. Though the 12% is the compulsory contribution which is the standard rate, along … Read more
The Employees’ Provident Fund Organisation (EPFO) is gearing up for one of its largest pension-related reforms under the EPFO 3.0 modernization programme. According to initial reports, the minimum monthly pension for EPS-95 retirees may be raised to ₹3,000 by the year 2025, granting substantial relief to the lakhs of pensioners who have been demanding revision … Read more
In the year 2025, the Employees’ Provident Fund Organisation (EPFO) introduced rule changes that were very significant with the intention of making provident fund (PF) and pension processes less complicated for the employees all over India. Faster disbursement of pensions, easier withdrawals, and wider coverage are the main areas that the EPFO has improved on, … Read more
For a long time, the Employees’ Provident Fund Organization (EPFO) pensioners covered by EPS-95 scheme have been receiving a minimum monthly pension of ₹1,000. However, this sum has become quite inadequate for the elderly due to the high inflation rate, the necessity of expensive medical treatments, and the intensifying financial burdens of living. The associations … Read more
The Employees’ Provident Fund Organisation (EPFO) is set to make some landmark changes in the year 2025 that will affect the whole procedure related to PF, pension, and KYC. The main goal of these reforms is to create the EPF in a way that it is not only user-friendly but also fast and simple. To … Read more