Dear All,
Please find the news clipping in the captioned subject:
PTI : 14.08.2015 New Delhi
Retirement fund body EPFO has done away with the mandatory requirement of affixing one rupee revenue stamp on PF withdrawal claim forms.
"Employees' Provident Fund Organisation (EPFO) has done away with the mandatory requirement of affixing one rupee revenue stamp on claim forms thereby bringing independence from this hassle to millions of PF subscribers every year," Labour Minister Bandaru Dattatreya said.
He stated that the EPFO is further smoothening the process of PF claim settlement.
Henceforth, one rupee revenue stamp will not be required for most of the claim forms as in 97 per cent cases of PF settlement, the payment is made through National Electronic Fund Transfer (NEFT), he said.
The decision was taken after consultation with Ministry of Law & Justice that opined that as per practice, no revenue stamp is required with respect to payment made through NEFT.
Dattatreya added that EPFO is further simplifying its forms to ensure hassle free services to the subscribers.
Besides, there is a proposal to do away with attestation of employer in cases where the employees have got their Know Your Customer (KYC) information, including Aadhar, seeded and have activated their Universal Account Number (UAN).
This is aimed at reducing employer dependency in the transactions that an employee would undertake with EPFO. It is noted that due to over dependence on employers, EPFO subscribers are not able to avail quick and easy services of the organisation, the statement said.
EPFO has a subscriber base of around six crore. It manages a huge corpus of over Rs 6.5 lakh crore with an incremental annual deposits of Rs one lakh crore.
From India, Mumbai
2556Please find the news clipping in the captioned subject:
PTI : 14.08.2015 New Delhi
Retirement fund body EPFO has done away with the mandatory requirement of affixing one rupee revenue stamp on PF withdrawal claim forms.
"Employees' Provident Fund Organisation (EPFO) has done away with the mandatory requirement of affixing one rupee revenue stamp on claim forms thereby bringing independence from this hassle to millions of PF subscribers every year," Labour Minister Bandaru Dattatreya said.
He stated that the EPFO is further smoothening the process of PF claim settlement.
Henceforth, one rupee revenue stamp will not be required for most of the claim forms as in 97 per cent cases of PF settlement, the payment is made through National Electronic Fund Transfer (NEFT), he said.
The decision was taken after consultation with Ministry of Law & Justice that opined that as per practice, no revenue stamp is required with respect to payment made through NEFT.
Dattatreya added that EPFO is further simplifying its forms to ensure hassle free services to the subscribers.
Besides, there is a proposal to do away with attestation of employer in cases where the employees have got their Know Your Customer (KYC) information, including Aadhar, seeded and have activated their Universal Account Number (UAN).
This is aimed at reducing employer dependency in the transactions that an employee would undertake with EPFO. It is noted that due to over dependence on employers, EPFO subscribers are not able to avail quick and easy services of the organisation, the statement said.
EPFO has a subscriber base of around six crore. It manages a huge corpus of over Rs 6.5 lakh crore with an incremental annual deposits of Rs one lakh crore.
From India, Mumbai
Thanks a lot sir. What will be effective date for same? Also, I want to ask about 19 & 10C form submission that, I submitted it for my resigned employee and it rejected by PF office by saying that they need UAN activation print out with it though I have activated UAN no. Can you guide on same matter?
One query again that, can anybody submit 19 & 10C withought employer concern?
Regards,
Bittu
HR Professional
From India, Nagpur
One query again that, can anybody submit 19 & 10C withought employer concern?
Regards,
Bittu
HR Professional
From India, Nagpur
Dear All,
Please find the Circular by EPFO: HO- New Delhi dated 18.08.2015 in the captioned subject matter which is self explanatory.
.................................................. .................................................. .................................................. .................................................. .................................................. .................................................. .................................................. .................................................. ................................
From India, Mumbai
Please find the Circular by EPFO: HO- New Delhi dated 18.08.2015 in the captioned subject matter which is self explanatory.
.................................................. .................................................. .................................................. .................................................. .................................................. .................................................. .................................................. .................................................. ................................
From India, Mumbai
Dear Sir, Please any body answer for above Bittu query i am also having same problem did we claim farm 19 &10c without employer concern
From India, Bangalore
From India, Bangalore
Dear Bittu777 & Thousifkhan4u,
The query raised by you is not pertaining to current discussion. The current discussion is on - No revenue stamp is now required on PF withdrawal form.
Still I would like to respond you and request you to kindly go through below given link. This forum has discussed this issue many times in the past.
https://www.citehr.com/439802-how-ca...ml#post1990527
From India, Mumbai
The query raised by you is not pertaining to current discussion. The current discussion is on - No revenue stamp is now required on PF withdrawal form.
Still I would like to respond you and request you to kindly go through below given link. This forum has discussed this issue many times in the past.
https://www.citehr.com/439802-how-ca...ml#post1990527
From India, Mumbai
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Revenue-Stamp-o n-PF-Claim-Form -Order.pdf.pdf