An EPF subscriber may opt for PF withdrawal for a variety of reasons. Depending on the reason, he has to select a specific EPFO-prescribed form for PF withdrawal. This guide will help you understand … READ FULL STORY
EPFO KYC update is necessary, to make any EPF claims and update EPF nominations. PF account holders with activated UAN can upload and update their EPFO KYC details online. After the KYC update, you … READ FULL STORY
Owning a home is a dream for every individual. Depending on the financial status, every family decides upon purchasing a house at some stage of their life. Some people happen to purchase a house … READ FULL STORY
PF withdrawal for house purchase Salaried people, who are in the middle of arranging funds for their future home purchase have an additional avenue to fund their plan. They can withdraw from the balance … READ FULL STORY
Under the provisions of the EPFO, both, the employer and the employee make contributions to the latter’s PF account – 12% of the employee’s basic salary plus certain allowances. However, the responsibility to deposit … READ FULL STORY
Large-scale reverse migration caused by the Coronavirus pandemic, has once again brought to focus the applicability of labour laws on housing societies in India. A large numbers of workers were left to fend for … READ FULL STORY
To achieve its objective of ‘Housing for All by2022’, the Central government launched various measures that made home purchases easier, especially for middle-class home buyers. Among these measures was the EPFO Housing Scheme announced … READ FULL STORY
While opting for a home loan, lenders will not sanction a loan for the entire cost of the house. Moreover, as per the RBI’s directions, lenders are not allowed to take into account the … READ FULL STORY
The Bombay High Court, on April 11, 2018, quashed a CBI charge-sheet against prominent Mumbai-based builder Niranjan Hiranandani, in a case related to alleged non-depositing of provident fund (PF) dues of his employees. Hiranandani, … READ FULL STORY
Mumbai-based builder Niranjan Hiranandani, 61, has sought the quashing and setting aside of a charge sheet filed against him in September 2010, by the CBI’s Anti-Corruption Bureau, for not depositing provident funds of the … READ FULL STORY
Labour secretary M Sathiyavathy, on February 8, 2017, clarified that the payment of workers’ statutory dues in the construction sector, is the sole responsibility of the principal employer. Addressing the 42nd Annual Day celebrations … READ FULL STORY
The Employees’ Provident Fund Organisation (EPFO), has revealed that it is working on a housing scheme, which will enable its subscribers to pledge their PF accumulations to buy homes and pay home loan EMIs … READ FULL STORY
