EPFO extends three months’ time for employers to upload wage details by Dec 31
New Delhi: The Central Board of Trustees of EPFO has extended the time, for the employers to submit wage details and other required information till December 31, 2023.
The decision was taken following several requests from Employers and Employers’ Associations to extend further time period for uploading wage details of applicant pensioners and members.
A total of 5.52 lakh applications for validation of option / joint options are still pending with employers, as of September 29.
This postponement comes after two earlier extensions to submit the details.
The facility to submit applications for Validation of Option /Joint Options for pension on higher wages online was launched on 26.02.2023 and was to remain available only till 03.05.2023.
The facility was started in compliance with the Hon’ble Supreme Court order dated 04.11.2022.
However, considering the representations of the employees, the time limit was extended to 26.06.2023 in order to provide complete four months’ time to eligible pensioners / members for filing applications.
A last opportunity of 15 days was further given to remove any difficulty faced by the eligible pensioners/ members.
Accordingly, the last date for submission of Applications for Validation of Option / Joint Options by employees was extended to 11.07.2023.
As many as 17.49 lakh Applications for Validation of Option / Joint Options were received from pensioners / members till 11.07.2023.
IBNS
Senior Staff Reporter at Northeast Herald, covering news from Tripura and Northeast India.
Related Articles
CRR cut, AI ethics push, and SORR benchmark: Experts hail RBI’s pragmatic policy moves
Mumbai: The Reserve Bank of India (RBI) has kept the repo rate unchanged at 6.5% while the cash reserve ratio (CRR) has been slashed by 50 basis points to 4 percent, media reports said.
JP Morgan gives 'overweight' rating to Adani Group bonds
Mumbai: US investment bank JP Morgan has assigned an 'overweight' rating to four bonds issued by the Adani Group, citing the group's capacity to scale and grow through internal cash flows, which reduces the likelihood of credit stress.
LG Electronics files DRPH with SEBI; IPO size expected to be over RS 15,000 cr
Mumbai: South Korean electronics giant LG Electronics has filed a draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) on Friday for the proposed public listing of its Indian business, according to a notification on the Bombay Stock Exchange (BSE).
De-dollarisation not on India's agenda; derisking domestic trade is: RBI Governor Shaktikanta Das
Mumbai: India has not initiated any steps towards de-dollarisation and is solely focused on mitigating risks to domestic trade from geopolitical uncertainties, Reserve Bank of India (RBI) Governor Shaktikanta Das clarified on Friday, media reports said.
Latest News
East Turkistan activists to protest Chinese occupation outside White House on October 12
Exercise Pacific Reach: Indian Navy demonstrates global submarine rescue capability
US govt shutdown hits H-1B visa processing, leaves Indian techies in limbo
Delhi Police recover sex toy, obscene CDs from self-styled godman Chaitanyananda’s ashram
