Split accounts to tax EPF income: Finance Ministry
3 years, 3 months ago

Split accounts to tax EPF income: Finance Ministry

The Hindu  

The government has decided to split existing Provident Fund accounts into two separate accounts in order to operationalise the new tax on PF income arising out of employee contributions exceeding ₹2.5 lakh a year. Accordingly, all EPF accounts will have to be bifurcated into a taxable and non-taxable contribution account, with the latter including their closing account balance as on March 31, 2021, any contributions made thereafter that are “not included in the taxable contribution account” and annual interest accrued on these two components. Comment | Re-examining the EPF tax rules The Central Board of Direct Taxes’ top brass had earlier said that taxpayers will have to include the taxable PF interest in their total income while filing tax returns, but the new rules suggest that the EPFO and PF trusts run by companies may have to deduct tax and remit it to the exchequer from such accounts. In this year’s Budget, Finance Minister Nirmala Sitharaman had announced the withdrawal of tax exemption on interest income accrued into PF accounts arising out of employee contributions exceeding ₹2.5 lakh, arguing that some employees were contributing huge amounts into their PF accounts and getting tax-free incomes.

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History of this topic

EPFO members may soon approve their own PF withdrawals: Report
1 week ago

EPFO members may soon approve their own PF withdrawals: Report

India Today  

The Employees’ Provident Fund Organisation is planning to introduce a “self-approval” mechanism for subscribers to withdraw their provident fund money through an automated process. As part of this upgrade, subscribers will soon be able to intimate the EPFO directly about their withdrawal amount, instead of going through the existing manual checks by EPF officers. Sources also revealed that a digital …

EPFO key amendments: Now faster claims and more interest benefits for members
1 week, 4 days ago

EPFO key amendments: Now faster claims and more interest benefits for members

India Today  

The Employees Provident Fund Organisation has introduced major changes to provide financial relief and faster claim settlement for Employees Provident Fund members. KEY UPDATE ON INTEREST PAYMENTS EPFO announced that the Central Board of Trustees has approved an important amendment to paragraph 60 of the EPF Scheme, 1952. BENEFITS FOR EPF MEMBERS Speaking to The Economic Times, Puneet Gupta, Tax …

EPFO Provident Fund withdrawals through ATMs: How does it work and what should you expect?
1 week, 5 days ago

EPFO Provident Fund withdrawals through ATMs: How does it work and what should you expect?

India TV News  

From 2025, Employees Provident Fund Organization customers will be able to withdraw their Provident Fund directly from ATMs, eliminating lengthy deposit procedures. This move is part of a larger effort to modernise India’s social security services: Enhanced convenience: Subscribers will no longer need to navigate tedious claim-filing procedures or wait for fund disbursal. Expanded social security coverage: Over 7 crore …

EPFO 3.0: ATM Access To PF And Removal Of 12% Contribution Cap On The Cards: Report
2 weeks, 6 days ago

EPFO 3.0: ATM Access To PF And Removal Of 12% Contribution Cap On The Cards: Report

ABP News  

The Employees' Provident Fund Organisation is set to introduce a series of transformative features under its proposed upgrade, EPFO 3.0. These changes, aimed at enhancing accessibility and flexibility for members, include ATM-enabled withdrawals, removal of the current contribution cap, and pension conversion options, according to a report by ET Now. Key Highlights of EPFO 3.0 PF Withdrawals via ATMs: The …

Can you withdraw the pension share from your EPF?
3 weeks, 1 day ago

Can you withdraw the pension share from your EPF?

Live Mint  

If you're an employee contributing to the provident fund, your employer might be allocating a portion of it each month to the employee pension scheme. After an amendment on 1 September 2014, new member employees earning a basic pay of more than ₹15,000 per month cannot be a part of the pension scheme. View Full Image Mint To be sure, …

EPFO board pitches amnesty plan for PF payment violations
3 weeks, 2 days ago

EPFO board pitches amnesty plan for PF payment violations

Hindustan Times  

In a key decision, the central board of trustees of the Employees’ Provident Fund Organisation, in its 236th meeting chaired by labour minister Mansukh Mandaviya on Saturday, approved reinvesting 50% of its redemption proceeds from exchange traded funds back into equities. The board also recommended to the Union government a national EPFO amnesty scheme 2024 for all types of employers …

EPF has issues. Can you say No to it?
1 month ago

EPF has issues. Can you say No to it?

Live Mint  

Savings are meaningless if you cannot access them. Most companies deduct 12% of an employee’s basic pay plus dearness allowance and retaining allowance as the monthly EPF contribution. Corporate policy When Thanigai Ravindran’s wife joined a new company as a French translator her EPF contribution dropped fromRs 6,000 to ₹1,800 per month. Some companies allow employees to switch from 12% …

New pension platform to ease payouts: Minister
1 month, 1 week ago

New pension platform to ease payouts: Minister

Hindustan Times  

The labour ministry will switch to a centralised pension-payment system from 2025, allowing retirees to receive monthly payouts from any bank or its branches in any location throughout the country, for which a large-scale test run was recently carried out. Mansukh Mandaviya The new platform for subscribers of the Employees’ Provident Fund Organisation, the state-run retirement fund manager, is aimed …

EPFO Raises PF Withdrawal Limit: New Rule Allows Higher Payout for Personal Needs
3 months ago

EPFO Raises PF Withdrawal Limit: New Rule Allows Higher Payout for Personal Needs

News 18  

The Employees’ Provident Fund Organisation has raised the one-time withdrawal limit for provident fund accounts to Rs 1 lakh, doubling the previous limit of Rs 50,000. The EPFO manages the provident fund, pension, and insurance schemes for the organised sector employees in India, primarily through the Employees’ Provident Fund scheme. Mandaviya also announced another key update: the government has relaxed …

Centre plans to review upper wage limit for PF contribution
3 months ago

Centre plans to review upper wage limit for PF contribution

The Hindu  

Union Labour Minister Mansukh Mandaviya on Tuesday said the Centre was trying to remove the ceiling for contributions towards the Employees’ Provident Fund Organisation and the Employees’ Pension Scheme run by the EPFO. “The Ministry is finalising a Cabinet note on the ELI scheme and it will be soon placed before the Cabinet for approval,” Mr. Mandaviya said. The Minister …

What are the issues faced by EPFO pensioners?
3 months, 1 week ago

What are the issues faced by EPFO pensioners?

The Hindu  

The story so far: Nearly 78 lakh Provident Fund pensioners across the country under the Employees’ Pension Scheme, 1995 of the Employees’ Provident Fund Organisation will receive their pension through any bank, any branch from January 1, 2025. The Union Labour Ministry cleared the proposal earlier this month for a Centralised Pension Payment System as part of the EPFO’s ongoing …

EPFO added 17.89 lakh net members in June this year in 11-month high, says govt data
1 year, 4 months ago

EPFO added 17.89 lakh net members in June this year in 11-month high, says govt data

India TV News  

The Employees' Provident Fund Organisation added 17.89 lakh net members on a net basis in June 2023, according to data released by the Ministry of Labour and Employment. State-wise analysis State-wise analysis of payroll data shows that the five states of Maharashtra, Tamil Nadu, Karnataka, Gujarat, and Haryana have the highest net member addition. The other four states are as …

Tech tips: Check your EPF balance online| Follow these simple steps
1 year, 4 months ago

Tech tips: Check your EPF balance online| Follow these simple steps

India TV News  

The Employees' Provident Fund is a significant retirement savings scheme that is mandatory for all employees in India earning up to Rs 15,000 per month. Another convenient option is to use the UMANG application, also known as the "m-Sewa app of EPFO." Here's how: Open the UMANG application and look for "EPFO" under "Employee Centric Services" on the home screen. …

EPF Update: Govt Approves 8.15% Interest Rate for Fiscal 2023-24; Details Here
1 year, 5 months ago

EPF Update: Govt Approves 8.15% Interest Rate for Fiscal 2023-24; Details Here

News 18  

The central government has approved to credit interest at 8.15 per cent to the Employees’ Provident Fund scheme for 2023-24. The EPFO’s Central Board of Trustees on March 28 set an 8.15 per cent interest rate on provident fund for this fiscal. According to an Employees’ Provident Fund Organisation office order issued on Monday, July 24, the labour ministry has …

EPFO data: 13.4 lakh members added to retirement fund body in March, 1.39 crore in 2022-23
1 year, 7 months ago

EPFO data: 13.4 lakh members added to retirement fund body in March, 1.39 crore in 2022-23

India TV News  

EPFO Data: According to payroll data released on Saturday, the retirement fund body EPFO added 13.40 lakh members on a net basis in March, taking the total addition to 1.39 crore in 2022-23, The latest data suggested that a total of 1.22 crore members were added to the EPFO on a net basis in 2021-22. Out of 13.40 lakh members …

Minister clears the air over clause restricting persons opting for higher PF pension
1 year, 8 months ago

Minister clears the air over clause restricting persons opting for higher PF pension

The Hindu  

Union Labour Minister Bhupender Yadav on Thursday clarified that employees and pensioners covered under the Employees’ Pension Scheme of 1995, “are not restricted from filing application forms/ joint options,” in the absence of the requirement of permission under paragraph 26 of the Employees’ Provident Fund Scheme, 1952. Replying to a set of questions raised by John Brittas, Communist Party of …

EPFO fixes 8.15% interest rate on provident fund
1 year, 8 months ago

EPFO fixes 8.15% interest rate on provident fund

Hindustan Times  

The Employees Provident Fund Organisation, the retirement fund manager to India’s nearly 70-million-strong salaried class, has fixed an 8.15% interest rate on employees’ provident fund for 2022-23, a member of its Central Board of Trustees told HT. Provident fund savings are mandatory under the Employees Provident Funds and Miscellaneous Provisions Act. Provident fund savings are mandatory under the Employees Provident …

EPFO Fixes 8.15% Interest Rate On EPF For 2022-23
1 year, 8 months ago

EPFO Fixes 8.15% Interest Rate On EPF For 2022-23

News 18  

The Employees’ Provident Fund Organisation has fixed 8.15% interest rate on Employees’ Provident Fund for the financial year 2022-23. “The Employees’ Provident Fund Organisation’s apex decision making body Central Board of Trustees has decided to provide 8.15 per cent rate of interest on EPF for 2022-23 at its meeting on Tuesday,” news agency PTI quoted a source as saying. The …

2-day EPFO board meeting from today: List of issues likely to be taken up
1 year, 8 months ago

2-day EPFO board meeting from today: List of issues likely to be taken up

Hindustan Times  

The Central Board of Trustees of the Employees Provident Fund Organisation will convene in New Delhi on Monday for a 2-day meet, during which they are expected to discuss a host of issues, including the interest rate for the financial year 2023-24. Higher pension: The board may hold detailed discussions regarding the higher pension option for subscribers after the Supreme …

’Significant drop’ achieved in EPF’s actuarial deficit, Centre informs Rajya Sabha
1 year, 8 months ago

’Significant drop’ achieved in EPF’s actuarial deficit, Centre informs Rajya Sabha

The Hindu  

A “significant drop” has been achieved in the actuarial deficit of the Employees’ Pension Fund, according to the Central government. This has become possible thanks to improvement in the quality of data in respect of members of the Employees’ Pension Scheme, 1995 and amendments carried out based on recommendations of the actuarial valuation report, and suggestions of the Union Finance …

EPF Interest Credit: Member Accounts Of 98% Contributory Firms Updated Till Mar 6, Check Details
1 year, 9 months ago

EPF Interest Credit: Member Accounts Of 98% Contributory Firms Updated Till Mar 6, Check Details

News 18  

Employees’ provident fund member accounts of 98% of contributory firms or establishments have been updated with the latest interest credit till March 6, 2023, Parliament was informed on Monday. “This is an ongoing process, which has been taken up in a scheduled manner post development of software and by March 6, 2023, the process has been completed in respect of …

EPF Board meet pushed to March 27-28
1 year, 9 months ago

EPF Board meet pushed to March 27-28

The Hindu  

The government on Monday announced the deferral of a meeting of the Employees’ Provident Fund Organisation board, where it is expected to finalise the EPF rate to be paid on crores of formal sector workers’ retirement savings in its custody for 2022-23. Chaired by Union Labour and Employment Minister Bhupender Yadav, the board of trustees of the EPFO was earlier …

Confused Between PPF And EPF? Here's What You Should Know Before Investing
1 year, 9 months ago

Confused Between PPF And EPF? Here's What You Should Know Before Investing

News 18  

You might have heard the term employees’ provident fund and public provident fund numerous times. The interest rate on the EPF account has been set at 8.10 per cent for the current fiscal year. Every month, 12 per cent of the employee’s basic pay and dearness allowance must be contributed into the EPF account and the employer also shares an …

EPFO adds net 14.93 lakh subscribers in December
1 year, 10 months ago

EPFO adds net 14.93 lakh subscribers in December

Live Mint  

New Delhi: Retirement fund body Employees’ Provident Fund Organisation added 14.93 lakh subscribers on a net basis in December 2022, provisional data by the labour ministry showed on Monday. “Year-on-year comparison of payroll data reflects an increase of 32,635 in net membership addition in December, 2022 as compared to the corresponding month during last year in 2021,” the ministry said …

TDS On EPF Withdrawals Reduced To 20%, Here Are The Details
1 year, 10 months ago

TDS On EPF Withdrawals Reduced To 20%, Here Are The Details

News 18  

Finance Minister Nirmala Sitharaman has given Employees Provident Fund account holders a huge sigh of relief as the new Budget rules suggest that TDS on EPF withdrawals has been reduced. The Finance Minister has reduced the TDS deduction on EPF accounts from 30 per cent to 20 per cent in the new Budget plan for 2023-2024. Nirmala Sitharaman stated that …

Employee Provident Fund (EPF): What are the new tax rules you need to know?
1 year, 11 months ago

Employee Provident Fund (EPF): What are the new tax rules you need to know?

Live Mint  

Employee Provident Fund Organization, one of the largest social security organisations in the world, is in charge of managing the welfare programme known as Employee Provident Fund. EPF was earlier under the Exempt taxation framework, i.e., EPF was tax-free at: Investment stage: When a contribution was made, one could claim a deduction under section 80C against the employee’s contribution upto …

Linking EPF to PAN can help you save TDS. Here is how
2 years, 3 months ago

Linking EPF to PAN can help you save TDS. Here is how

Live Mint  

Employees' Provident Fund is a savings plan established by the government for employees of the formal sector who work in companies with 20 or more employees. The Employees Provident Fund Organization, a governmental agency established by the Employees' Provident Fund Act of 1956, announces the EPF interest rate each year. In April 2022, the Employees' Provident Fund Organization issued new …

How much of your EPFO money is invested in stocks
2 years, 4 months ago

How much of your EPFO money is invested in stocks

Live Mint  

The Employees Provident Fund Organisation or EPFO members having a provident fund account get tax-free and risk-free guaranteed return on their money. While replying to a question raised by Lok Sabha lawmakers including Ravi Kishan and Manoj Tiwari, the Minister of State for Ministry of Labour & Employment Rameshwar Teli said, "Employees’ Provident Fund Organisation invests 85 per cent of …

EPFO new guidelines: PF contribution above ₹2.5 lakh? Here are new tax rules
2 years, 8 months ago

EPFO new guidelines: PF contribution above ₹2.5 lakh? Here are new tax rules

Live Mint  

In the latest move, the Employees' Provident Fund Organisation has released fresh guidelines regards to taxes and deductions on interest earned on EPF accounts. The government's statutory body has announced a new structure of tax deducted at source on provident contributions above ₹2.5 lakh annually for the private sector employees. Under the new guidelines which were issued on April 6, …

The fineprint on the new tax on Employees’ Provident Fund income
2 years, 8 months ago

The fineprint on the new tax on Employees’ Provident Fund income

The Hindu  

The story so far: In the Union Budget of 2021-22, Finance Minister Nirmala Sitharaman introduced a new provision to tax income on provident fund contributions from employees beyond ₹2.5 lakh a year. While the tax provision also covers government employees, the contribution limit for tax-free income for them and any other PF accounts where employers do not contribute was set …

New income tax rules for GPF from 1st April 2022 that you should know
2 years, 8 months ago

New income tax rules for GPF from 1st April 2022 that you should know

Live Mint  

New income tax rules for GPF: After the beginning of new financial year 2022-23, various income tax norms announced in the union budget 2022 have become applicable now. Speaking on the new income tax rules for GPF or General Provident Fund; SEBI registered tax and investment expert Jitendra Solanki said, "In budget 2021, the union finance minister had announced to …

Things to keep in mind while splitting the PF accounts from 1 April
2 years, 8 months ago

Things to keep in mind while splitting the PF accounts from 1 April

Live Mint  

Employees Provident Fund is one of the few retirement savings schemes available to the organized sector with significant tax benefits and sovereign-backed returns, which is typically higher than most other fixed-income products. With the objective to limit the tax benefits on PF to members who make high contributions, typically done through Voluntary Provident Fund, Budget 2021 had introduced the taxation …

PF Update: Provident Fund Contributions to Be Taxed Soon? Know What the Govt Says
2 years, 8 months ago

PF Update: Provident Fund Contributions to Be Taxed Soon? Know What the Govt Says

News 18  

The central government has laid out a plan to impose taxes on Employees Provident Fund contributions above Rs 2.50 lakh in a year. On the contrary, if a government employee contributes Rs 6 lakh to provident fund, Rs 1 lakh is going to be taxed under the rule. With this new amendment, the government wants to curb high income earners …

EPF rate slashed from 8.5% to 8.1% for 2021-22, to hit savings
2 years, 9 months ago

EPF rate slashed from 8.5% to 8.1% for 2021-22, to hit savings

The Hindu  

The return on workers’ retirement savings parked with the Employees’ Provident Fund Organisation has been slashed to 8.1% for 2021-22 from the 8.5% rate credited to EPF members’ accounts in the last two years. The EPFO’s income from investments this year stood at ₹76,768 crore from about ₹70,000 crore in 2020-21, when it had paid out 8.5% to EPF accounts. …

EPF Interest Rate 2021-22: PF Members to Get 8.1% Interest, Lowest in Decades; Know More
2 years, 9 months ago

EPF Interest Rate 2021-22: PF Members to Get 8.1% Interest, Lowest in Decades; Know More

News 18  

EPF interest rate 2021-22: The Employees’ Provident Fund Organisation on Saturday decided to pay 8.1 per cent rate of interest on provident fund deposits for the current financial year 2021-22, sources told CNBC-TV18. The rationale behind this recommendation is we want to strike a balance between the safety of EPF corpus with high returns and we will look for well …

PF Account Holders Alert! EPFO Asks to Avoid these Mistakes or you will Lose Money
2 years, 10 months ago

PF Account Holders Alert! EPFO Asks to Avoid these Mistakes or you will Lose Money

News 18  

PF Account Holders Alert! The employment body further clarifies that it never asks subscribers to share their personal details like Aadhaar, PAN, UAN, bank account or OTP over phone or on social media. Provident fund subscribers must note that EPFO never asks its members to deposit any money through WhatsApp or any social media platforms for its services. It has …

How to withdraw money from your Employees’ Provident Fund online?
2 years, 10 months ago

How to withdraw money from your Employees’ Provident Fund online?

Live Mint  

In India, a fixed amount of money, 12%, is deducted from an employee’s salary every month and deposited in an EPF account along with a matched contribution by the employer. This is a retirement savings scheme, for corporate employees, mandated by the government known as the Employees’ Provident Fund. The first step is logging on to EPFO’s e-sewa portal using …

PF Update: Will Govt Allow a Non-Refundable Advance from EPFO Account for Third Time?
2 years, 10 months ago

PF Update: Will Govt Allow a Non-Refundable Advance from EPFO Account for Third Time?

News 18  

PF Withdrawal: The Covid-19 pandemic has battered economies of countries across the world and India is no exception. To face this, the government had in 2020 during the first wave allowed Employees’ Provident Fund members a Covid-19 advance. Under the Pradhan Mantri Garib Kalyan Yojana, the EPFO had in March 2020 allowed its subscribers to withdraw up to 75 per …

Your EPF money will be tax free | Details here
2 years, 10 months ago

Your EPF money will be tax free | Details here

India Today  

It is essential to ensure a steady flow of income after retirement. Employees' Provident Funds offer one of the best retirement plan investment approaches. INCOME TAX FREE If an employee never withdraws the PF amount during his/her working tenure, that individual stands to gain a lot of advantages during the time of retirement. If an employee does not withdraw money …

PF New Rule: EPF Benefits to Stop from Next Month if you do not Complete this By December-end
3 years ago

PF New Rule: EPF Benefits to Stop from Next Month if you do not Complete this By December-end

News 18  

Employees Provident Fund Update: All account holders of the Employees Provident Fund will have to make changes in their accounts by December 31, as a new rule will be implemented from next month. The Employees Provident Fund Organisation has in a notification said that employees will need to add a nominee to their EPF accounts by December 31 this year. …

Centre forms four panels to look into EPFO functioning
3 years ago

Centre forms four panels to look into EPFO functioning

The Hindu  

The Union Government has formed four ad-hoc board-level committees to look into the functioning of different aspects of the Employees’ Provident Fund Organisation, including IT, communications and pension. Labour Secretary Sunil Barthwal has been tasked with steering two of the committees — on ‘pension reforms’ and ‘IT and Communications’. As per its terms of reference, the eight-member panel on pension …

PF Rules: Want to Withdraw EPF Contributions? Key Things to Know before Withdrawal
3 years, 2 months ago

PF Rules: Want to Withdraw EPF Contributions? Key Things to Know before Withdrawal

News 18  

Many people working in the private sector are resorting to their provident fund accounts, majorly due to the financial crunch owing to the Covid-19 pandemic. Employees’ Provident Fund Organisation, which regulates Employees Provident Funds, gives the subscribers the option of early withdrawal from their PF corpus under certain circumstances. People looking to get out a specific amount from their PF …

EPF News: Contribute to EPF Every Month? Know PF, Insurance, Pension Calculation
3 years, 2 months ago

EPF News: Contribute to EPF Every Month? Know PF, Insurance, Pension Calculation

News 18  

A salaried employee has their passive savings going into the provident fund. Generally, 12 per cent of the employees’s basic salary is credited into the PF account every month. Another column reflecting contribution towards employees pension scheme is One portion of the employee’s overall retirement sum is EPF, while the other part is EPS. Every month, Rs 1250 of the …

EPFO likely to credit interest for 2020-21 in accounts of over six crore subscribers; rate still at 8.5%
3 years, 2 months ago

EPFO likely to credit interest for 2020-21 in accounts of over six crore subscribers; rate still at 8.5%

Firstpost  

The finance ministry is expected to give its seal of approval to the decision soon The Employees Provident Fund Organisation is expected to credit the interest declared for the financial year 2020-21 in the accounts of six crore subscribers around Diwali, according to media reports. The move is set to bring some festive cheer to the salaried class, as the …

EPF contribution of over Rs 2.5 lakh now requires 2 PF accounts
3 years, 3 months ago

EPF contribution of over Rs 2.5 lakh now requires 2 PF accounts

India TV News  

People with Employees' Provident Fund and Voluntary Provident Fund contribution of over Rs 2.5 lakh per financial year will now have two separate PF accounts. "For the purpose of calculation of taxable interest under sub-rule, separate accounts within the provident fund account shall be maintained during the previous year 2021-2022 and all subsequent previous years for taxable contribution and non-taxable …

New Provident Fund Tax rules come into effect: Here's what will change now
3 years, 3 months ago

New Provident Fund Tax rules come into effect: Here's what will change now

India TV News  

The Central Board of Direct Taxes under the Ministry of Finance has notified the Income Tax rules that will allow the government to collect tax from Provident Fund income generated from employee contributions. “For the purpose of calculation of taxable interest…, separate accounts within the provident fund account shall be maintained during the previous year 2021-2022 and all subsequent previous …

PF Rule: You Monthly EPF Contributions can Get you Over Rs 1.5 Crore. Know How
3 years, 4 months ago

PF Rule: You Monthly EPF Contributions can Get you Over Rs 1.5 Crore. Know How

News 18  

You must hate it when you look at your salary slip at the starting of the month and find that all the various deductions have reduced your monthly in-hand income. Your EPF fund fetch an interest rate of 8.5 per cent for the financial year 2020-21. “In India, average inflation in the long run is considered to be around 6 …

PF Rule Change: No EPF Money From Next Month if You do not Follow this new Rule
3 years, 4 months ago

PF Rule Change: No EPF Money From Next Month if You do not Follow this new Rule

News 18  

The Employees Provident Fund subscribers have to link their Aadhaar card with the Provident Fund accounts before September 1. Employees’ Provident Fund Organization has made it mandatory to link Aadhaar Card with PF UAN to get PF contributions from the employers and other benefits. Although the Code has not been implemented as yet, Section 142 of the Code has been …

PF Interest: 6 Crore likely to Get 8.5% Interest by Month-end. How to Check EPF Balance
3 years, 5 months ago

PF Interest: 6 Crore likely to Get 8.5% Interest by Month-end. How to Check EPF Balance

News 18  

The Employees’ Provident Fund Organization will likely to credit the interest on provident fund deposits for the financial year 2020-21 soon, according to reports. The retirement body kept the interest rate unchanged on the provident fund deposits at 8.5 per cent for the financial year 2020-21. In March, 2020, the central government introduced a special provision under Pradhan Mantri Garib …

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