Employee Provident Fund Current Affairs, GK & News

Employees can now generate Universal Provident Fund account number online

November 2, 2019

Employees’ Provident Fund Organization (EPFO), the retirement fund body has launched a facility for formal sector workers to themselves obtain the Universal Provident Fund Account Number on-line. Now the workers in formal sector can themselves generate Universal Account Number from the EPFO’s portal directly. Till now the workers used to apply through their employers to ..

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Union Government announces to withdraw tax proposal on EPF

March 9, 2016

The Union Finance Ministry has announced to withdraw its proposal to tax Employee Provident Fund (EPF) withdrawals. It was announced by Union Finance Minister Arun Jaitley in the Lok Sabha clarifying NDA government’s stand on the issue. However, government has not changed its plan to tax National Pension Scheme (NPS) withdrawals. Background Earlier in the ..

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