The Ministry of Defence, in a notable announcement, has confirmed that eligible civilian defence employees serving in the Army Ordnance Corps and Indian Army will receive a 40-day productivity-linked bonus for the financial year 2023-24. The bonus applies specifically to Group B and Group C civilian employees of the Army Ordnance Corps and Indian Army. Bonus Calculation Details The PLB …
Buying a home is often the most significant financial decision many people make in their lifetime. When it comes to home loans, it's crucial to understand how EMI calculations and interest rates impact your financial obligations. Understanding Home Loan EMI Calculation EMI is the fixed monthly payment a borrower makes to the lender to repay the loan amount along with …
The Employees’ Provident Fund stands as a crucial retirement savings scheme facilitated by the Central government, catering to both salaried employees and private sector workers. Declared EPF interest rate The annual EPF interest rate is announced by the Employees’ Provident Fund Organisation. For the financial year 2023-24, the EPF interest rate stands at 8.25%. Calculation method EPF interest is compounded …
