Important Announcement discontinuation of GIS deductions by EPFO

Title: Important Announcement discontinuation of GIS deductions by EPFO

Description:
                    In this video, we discuss a crucial update from the Employees Provident fund organization  (EPFO) regarding the discontinuation of GIS (Group Insurance Scheme) deductions. As per the official letter dated June 21, 2024, the EPFO has directed the stop deductions under GIS from the salaries all the employees who joined EPFO after September 1, 2013. Additionally any deductions made so far for these employees are to be refunded.

Key points covered:

1. Overview of the EPFO official notification.

2. Details on which Employees are affected.

3. Instructions on the refund process for previous deductions.

#EPFONotification #EmployeesBenefits #ArimaVizhiththiru

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 Resources Mentioned:

https://www.epfindia.gov.in/site_docs/PDFs/Circulars/Y2024-2025/Discontinuing_of_GIS_22062024.pdf