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 … [Read more...] about EPFO Rate of Interest
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Employees Provident Fund
The minimum wage ceiling under the Employees’ Provident Fund (EPF) could soon be raised to Rs 25,000 from the existing Rs 15,000
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 wage ceiling under the Employees’ Provident Fund (EPF) could soon be raised to Rs 25,000 from the existing Rs 15,000. A proposal to to enhance the … [Read more...] about The minimum wage ceiling under the Employees’ Provident Fund (EPF) could soon be raised to Rs 25,000 from the existing Rs 15,000
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 … [Read more...] about Central Government decides to withdraw the notification on withdrawal from EPF
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 budget that allows for TDS on … [Read more...] about Premature Provident Fund withdrawal – Income tax will be imposed
Centre Govt Allows 5% of PF Funds to be Invested in Share Market
Centre Govt Allows 5% of PF Funds to be Invested in Share Market The Central Government has allowed investing up to 5% of the Provident Fund capital in the stock market. As a result, Rs.5000 crore is expected to be released for investment this financial year. A circular from the Ministry of Labour has confirmed that 5% of the PF amount has been sanctioned for investing in the … [Read more...] about Centre Govt Allows 5% of PF Funds to be Invested in Share Market