SGC Blog – Payroll and Compliance
The official blog of SGC Services Private Limited – Global Payroll Solutions
Hon’ble High Court of Kerala at Ernakulum dated 7th February 2018 has held that the Central Provident Fund Commissioner can invoke power under para 78(3) of The Employee’s Provident Fund Scheme 1952 only when the directions have been issued by the Central Government under para 78(1) of The Employee’s Provident Fund Scheme 1952. Since there […]
Everything you need to know about EPFO’s Universal Account Number (UAN) The Universal Account Number (UAN) was launched by Prime Minister Narendra Modi in October 2014. The UAN is a 12-digit identification number for all individuals who contribute to the Employee Provident Fund (EPF) and this number is generated by the Employees’ Provident Fund Organization […]
The Government will pay full employers contribution including EPF and EPS w.e.f 01/04/2018 for a period of three years (3 YEARS) for the new employees and to the exiting beneficiaries for the renaming period. The scheme is valid for existing employees enrolled in the scheme and new employees enrolled till 31st March 2019. Click here […]
What is VPF contribution? The EPF Scheme Para 29(2) allows an employee to contribute more than 12% of the EPF Wages. Any contribution over and above 12% of EPF Wages is being termed as VPF (Voluntary Provident Fund). EPF Wage shall be the wage on which employer is deducting PF on monthly basis and depositing […]
Much awaited notifications under the Payment of Gratuity Act has been issued. Tax-free gratuity ceiling raised to Rs 20 Lakh for private sector employees. download notifications copy. GRATUITY INC 20 LACS NOTFCTN Vide Gazette Notification no. S/O 1419 (E) dated 29th March 2018 changes vide the Payment of Gratuity (Amendment) Act, 2018 (12 of 2018) shall be effective from […]
Dear All, We would like to bring to your attention to the decision taken by CBT in their meeting held on Tuesday 21st 2019. EPFO has declared, yet to be notified, rate of interest @ 8.55 % for FY 2017-18 Rate of Interest for the previous financial year was 8.65 % Effective date of […]
Hi There, We would like to bring to your kind attention that Mobile Application UMANG (Unified Mobile Application for New-age Governance) has been launched by Government of India. It is developed by Ministry of Electronics and Information Technology (MeitY) and National e-Governance Division (NeGD) to drive Mobile Governance in India UMANG provides a […]
We would like to bring your attention to Circular number NDC/2017/UAN/Pt./2741 dated 21st November 2017 (as attached) wherein EPFO has provided an Online facility for correction in the Member record w.r.t Name/Date of Birth and Gender as per Aadhar records. Earlier for all these correction employee and employer has to fill up Joint declaration manually […]
Dear All, We would like to bring to your kind attention Circular No. Exem/32(18)/2016/Exemptions/14780 dated 13th October 2017 wherein any Unclaimed Provident Fund amount for a period of SEVEN YEARS from the date it becomes INOPERATIVE shall be transferred to Senior Citizen Welfare Fund. Exem_SCWFR_14780 Said rule is applicable for the funds being held by […]
Dear all, We would like to bring to your attention Circular No. NDC/2017/UAN/Part/2729dated 21st November 2017 by which an open functionality is being provided at UNIFIED Portal through which any citizen can generate his/her UAN based on Aadhar. Below is the link to generate Online Aadhaar Verified UAN number. NDC_AllotmentUAN_UnifiedPortal_2729 https://unifiedportal-mem.epfindia.gov.in/memberinterface/no-auth/citizenRegistration/viewRegistraton Any person has […]
Dear All, We would like to bring to your attention Circular No. CAIU/RTI/17/2017/13502 dated 5th October w.r.t Inspection Policy being adopted by the Office of EPFO. CAIU_FAQ_InspectionPolicy_13502 Policy being followed by Office of EPFO to inspect establishments have been released in the form of FAQ’s, as attached. Publication of FAQ’s brings in complete transparency […]
Dear All, We would like to bring to your attention the decision taken by CBT in their meeting held on Tuesday 21st 2019 to reduce the workers threshold for coverage under the EPFO schemes to 10 from existing 20. EPFO Thresh-hold to be reduced to 10 from 20 EPFO estimates that reduction in employees threshold […]
Hi There, We would like to bring to your attention Circular No. Exem/10(20)/2016/Vol – III/14471 dated 9th October 2017 wherein reference have been made to Circular No. Exem/10(20)/2016/Vol – III/10735 dated 29th September 2017 w.r.t issuance of Show-Cause Notice for cancellation of Exemption on non-filing of Online return EXEM_showcausenotice_ExEstt_14471 In Circular No. Exem/10(20)/2016/Vol – III/10735 […]
Dear All, We would like to bring your attention to Circular No. C-Misc/Ex.Return/2013/Vol-II/13587 dated 21st September 2017 w.r.t Introduction of Real Time Monitoring of Exempted Establishment. EPFO has implemented the filing of online returns in the new version of UAN. Subsequent to the implementation of new software, real time monitoring of exempted establishment has […]
Dear All, We would like to bring to your attention Circular No IS/4(1)/2017/2715 dated 15th November 2017 by which functionality for Auto Transfer of Provident Fund from previous employer to the new employer has been activated with the linking of UAN Number . download link here IS_AccAutoTransfer_UnPr_2715 Following conditions have to be satisfied enabling the Auto […]