Epf

The Employees' Provident Fund Organisation (EPFO) has started crediting interest for the financial year 2022-23 (FY23) to the EPF accounts.

The government has ratified the rate of interest at 8.15 per cent rate on deposits under the Employees Provident Fund scheme for the financial year 2022-23.

Retirement fund body EPFO (Employees' Provident Fund Organisation) fixed 8.15 per cent rate of interest on employees' provident fund (EPF) deposits for 2022-23 at its meeting today.

The retirement fund body EPFO is likely to announce the rate of interest on employees' provident fund (EPF) deposits for 2022-23 at its two-day meeting beginning Monday.

Under the PF schemes, the employees contribute a small amount of their monthly income, which turns into a retirement corpus.

The government has decided to reduce the tax benefits on PF, in a move to target high-income earners who benefit from the scheme.

An individual who starts working at the age of 21 years with a basic monthly salary and DA (Dearness Allowance) of Rs 25,000 can retire with over Rs 1 crore from his regular contributions to the EPF investment.

While the EPF is a lifetime deposit, there are provisions to withdraw money from the EPF early as well. 

Salaried individuals receive salaries periodically from their employer, mostly on a particular date.

Government has approved 8.1 per cent rate of interest on employees' provident fund (EPF) deposits for 2021-22

Centre is considering linking the wage ceiling under EPFO to the consumer price index or some other measures to allow periodic revision

A key change was made to EPF rules to allow a person to withdraw PF corpus if one faces unemployment before retirement due to lockdown or retrenchment

The circular said the TDS will be deducted when the interest is paid to an EPF account.

Employees Provident Fund (EPF) contributions exceeding ₹ 2.50 lakh yearly will be taxed from today, i.e., April 1, 2022. That limit has been set for government employees at a higher end of ₹ 5 lakh.

Several new tax rule changes are coming into effect from April 1, when the new financial year begins. These include tax rules on Employee Provident Fund (EPF) interests, Tax Deducted at Source (TDS), and crypto-assets.

The Employees' Provident Fund Organisation (EPFO) has started crediting interest for the financial year 2022-23 (FY23) to the EPF accounts.

The government has ratified the rate of interest at 8.15 per cent rate on deposits under the Employees Provident Fund scheme for the financial year 2022-23.

Retirement fund body EPFO (Employees' Provident Fund Organisation) fixed 8.15 per cent rate of interest on employees' provident fund (EPF) deposits for 2022-23 at its meeting today.

The retirement fund body EPFO is likely to announce the rate of interest on employees' provident fund (EPF) deposits for 2022-23 at its two-day meeting beginning Monday.

Under the PF schemes, the employees contribute a small amount of their monthly income, which turns into a retirement corpus.

The government has decided to reduce the tax benefits on PF, in a move to target high-income earners who benefit from the scheme.

An individual who starts working at the age of 21 years with a basic monthly salary and DA (Dearness Allowance) of Rs 25,000 can retire with over Rs 1 crore from his regular contributions to the EPF investment.

While the EPF is a lifetime deposit, there are provisions to withdraw money from the EPF early as well. 

Salaried individuals receive salaries periodically from their employer, mostly on a particular date.

Government has approved 8.1 per cent rate of interest on employees' provident fund (EPF) deposits for 2021-22

Centre is considering linking the wage ceiling under EPFO to the consumer price index or some other measures to allow periodic revision

A key change was made to EPF rules to allow a person to withdraw PF corpus if one faces unemployment before retirement due to lockdown or retrenchment

The circular said the TDS will be deducted when the interest is paid to an EPF account.

Employees Provident Fund (EPF) contributions exceeding ₹ 2.50 lakh yearly will be taxed from today, i.e., April 1, 2022. That limit has been set for government employees at a higher end of ₹ 5 lakh.

Several new tax rule changes are coming into effect from April 1, when the new financial year begins. These include tax rules on Employee Provident Fund (EPF) interests, Tax Deducted at Source (TDS), and crypto-assets.