by Audit Analyst | Dec 30, 2025 | Employee Provident Fund
Strengthening of Digital Infrastructure. EPFO is expected to enhance its digital systems for faster and error-free services. Future updates may include real-time balance updates and auto-generated statements. More services are likely to become paperless, reducing...
by Audit Analyst | Dec 30, 2025 | Employee Provident Fund
Possible Reasons for Lower Credit. The employer may have delayed or underpaid the monthly contribution. Contributions might have been calculated on a reduced basic wage. Interest may not have been updated yet for the financial year. Employer’s share toward pension...
by Audit Analyst | Dec 30, 2025 | Employee Provident Fund
preferred format: General Rule on Pledging EPF. EPF funds cannot be pledged as collateral for any type of loan or credit facility. The Employees’ Provident Funds and Miscellaneous Provisions Act, 1952 prohibits assignment or attachment of EPF. EPF is considered a...
by Audit Analyst | Dec 30, 2025 | Employee Provident Fund
Definition of International Workers. An International Worker is defined as a foreign national working in an establishment in India covered by the EPF Act. It also includes Indian employees working in a foreign country with which India has a Social Security Agreement...
by Audit Analyst | Dec 30, 2025 | Employee Provident Fund
Introduction to the Act. The Employees’ Provident Funds and Miscellaneous Provisions Act, 1952 is a central legislation in India. It was enacted to provide social security to employees through savings for retirement. The Act covers establishments in specified...
