The number of Employees Provident Fund account holders in the country is continuously increasing. According to the information, there has been a huge increase in the number of Employees Provident Fund account holders in the last three years. Looking at last year’s data, it shows that new account holders have joined the provident fund. This information was given by the Ministry of Labor and Employment on Monday. Number of Employees Provident Fund account holders increased Let us tell you that 85,48,498 new account holders joined the Employees Provident Fund in…
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SpiceJet is in financial crisis: airline is not able to deposit pf its employees, says a report
SpiceJet Financial Crisis: SpiceJet, the leading company in the Indian aviation sectorSpiceJetThe financial crisis of EPFO has deepened further. The company is not even able to pay the provident fund of its employees.EPFOAccording to the EPFO, SpiceJet last paid PF for its 11,581 employees in January 2022. Since then, it has been failing to pay PF for two and a half years in a row. Notices have been issued to the airline by the EPFO regarding this matter. However, SpiceJet has not yet responded to these notices. SpiceJet shares have…
Read Moreprovident fund office send notice to pankaja mundey regarding Vaidyanath Sugar Factory
Vaidyanath Sahkari Sugar Factory: A notice has been sent by the Provident Fund (PF) office to Vaidyanath Sugar Mill owned by BJP leader Pankaja Munde. This notice has been sent for non-payment of PF dues of Rs 61 lakh 47 thousand to the employees working in the mill. Recently, a notice was issued to the same Vaidyanath Cooperative Sugar Mill for non-payment of GST on sugar worth Rs 19 crore. After that the Central GST Commissionerate took major action against the factory and confiscated its property. Factory is closed due…
Read MoreHow many times can you withdraw PF in a year, know these rules otherwise the money will get stuck.
How many times can you withdraw the money deposited in PF i.e. Provident Fund in a year? The government provides the facility to open provident fund accounts for employed people. 12% of the employee’s salary is deposited in these accounts every month. Additionally, the same amount of money is also deposited into the employee’s account by the company. The government pays interest on this entire amount. Due to this, after a time, a huge amount comes to the employee. But can money be withdrawn from the PF account at any…
Read MoreEPFO Alert Do Not Share Your Personal Epfo Information Of Epf To Prevent Cyber Fraud
Employees Provident Fund Organisation: Employees Provident Fund Organization (EPFO) has crores of account holders across the country. A part of the salary of every employed person is deposited in the account of the account holder. When that person retires, the account holder gets all the money deposited in the EPFO account. Apart from this, if you have needed money in case of emergency like illness, children’s education or marriage, then you can use this money. In such a situation, the money deposited in the EPFO account is considered as the…
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