Radhe_EPF

28/11/2021

Alert! EPF contributions will stop from next month if you do not do THIS updation.

EPFO has extended the deadline for linking Universal Account Numbers (UAN) and Aadhaar numbers to November 30, 2021 from August 31, 2021.

If you are an employee and entitled to the Employees Provident Fund or EPF which is a post-retirement payments scheme, then this is important news for you. You must know that it is very important to link your Aadhaar card to the universal account number assigned by EPFO. UAN is one of the types of numbers assigned to each employee and will be with them forever.

EPFO has extended the deadline for linking Universal Account Numbers (UAN) and Aadhaar numbers to November 30, 2021. Previously the deadline for linking the numbers was August 31, 2021. The latest date was announced by EPFO ​​on November 15.

Retirement agencies have also updated their Electronic Challan cm Return (ECR) submission criteria. According to EPFO, employers can only apply for employees who link Aadhaar to PFUAN.

Please note that if you do not link your UAN to the Aadhaar number you will stop getting your employer's contribution. Employees also face remittance delays until they link their accounts and the data is approved by the employer and authorities. In addition, they will not be able to withdraw PF money from their account.

Employees will also not be able to receive the COVID-19 advances announced earlier this year and the insurance benefits associated with their PF account.

28/11/2021

https://www.news18.com/news/business/epf-contributions-will-stop-from-next-month-if-you-do-not-update-this-document-know-details-4488851.html

EPFO: UAN Aadhaar link mandatory to get employers' contribution in PF account. How to link Aadhaar with UAN, what will happen if I do not link Aadhaar with UAN

24/11/2021

VPF ( Voluntary Provident Fund )

Voluntary Provident Fund (VPF) aka Voluntary Retirement Fund is the voluntary fund contribution from the employee towards his provident fund account. This contribution is beyond the 12% of contribution by an employee towards his EPF. The maximum contribution is up to 100% of his Basic Salary and Dearness Allowance. Interest is earned at the same rate as the EPF.

Employers are under no obligation to contribute to their employees’ VPF portfolio. Likewise, an employee is also under no obligation to contribute to the Plan. Once the contribution is chosen in VPF, the same cannot be terminated or discontinued before the base tenure of 5 years completed. The interest rate of Voluntary Retirement Plan is decided by the Government of India at the start of each financial year.

Who can invest in Voluntary Provident Fund?
A VPF is an extension of the EPF. The VPF option is available only to salaried individuals who receive their monthly payments through a specific salary account.

Benefits of Voluntary Provident Fund
The VPF falls under the EEE category ( EEE – exempt on contribution; exempt from the principal; exempt on interest) making it an excellent tax saving option. It also helps the employee amass a sizeable savings portfolio and help him during big life milestones.

Other benefits are:-

1.Safe Investment Option
The scheme is managed by the Govt of India with fixed interest accrual. Hence, it is considered as a risk-free investment compared to the long-term investment ones offered by other private players.

2.Easy to Apply
To open a VPF account, an employee has to approach his HR/Finance team and advise them to raise a request for an additional contribution in the VPF through a registration form. The existing EPF account will serve as the additional VPF account.

3.High returns
Currently, the interest is accrued at 8.5% per annum under this scheme. Contributions up to 1.5 lakhs PA and interest accrued is exempt from tax under Section 80C, resulting in higher returns in a long-term perspective.

4.Easy transfer
The account can be transferred from one employer to another upon changing jobs.

23/11/2021

Dear Friends,
Those who are facing problems while claiming PF Amount Transfer or withdrawal , Please contact Radhe_EPF for help.
Thanking You.

Hi buddy,
Any Employee working in Private organization and have difficulties in EPF Money transfer or withdrawal, KYC and change in basic details, can get help from our Facebook portal.

23/11/2021

Hi buddy,
Any Employee working in Private organization and have difficulties in EPF Money transfer or withdrawal, KYC and change in basic details, can get help from our Facebook portal