EPFO Rate of Interest

EPFO Rate of Interest The declared rate of interest on Employees” Provident Fund (EPF) paid to the subscribers during the last three years is as under: Year Rate of Interest (in per cent.) Date on which Rate of Interest declared 2014-15 8.75 23.01.2015 2015-16 8.80 23.05.2016 2016-17 8.65 24.04.2017 The interest rate on EPF is … Read more

Minimum wage ceiling under the EPF could soon be raised to Rs 25,000

Minimum wage ceiling under the Employees’ Provident Fund (EPF) could soon be raised to Rs 25,000 After 7th Pay Commission salary hikes, move on to raise minimum wage ceiling under EPF The minimum wage ceiling under the Employees’ Provident Fund (EPF) could soon be raised to Rs 25,000 from the existing Rs 15,000. The minimum … Read more

Central Government decides to withdraw the notification on withdrawal from EPF

Central Government decides to withdraw the notification on withdrawal from EPF Government Decides to withdraw the 10th February 2016 Notification with Immediate Effect Press Information Bureau Government of India Ministry of Labour & Employment 21-April-2016 17:51 IST Government Decides to withdraw the 10th February 2016 Notification with Immediate Effect Government had issued a notification dated … Read more

Premature Provident Fund withdrawal – Income tax will be imposed

Premature Provident Fund withdrawal – Income tax will be imposed Income Tax for Premature Provident Fund withdrawal of more than Rs.30,000 The Government has announced that income tax will be imposed if, at the time of premature withdrawal, the Provident Fund amount is in excess of Rs.30,000. Finance Minister brought a new provision in his … Read more