WebEPFO provides a rate of interest only after it is ratified by the government through the finance ministry. In 2024, the interest rates on deposits were set at 8.5% and the rates for the current financial year will depend on the income projections for the year. Source: LM WebApr 12, 2024 · EPF is the main scheme under the Employees' Provident Funds and Miscellaneous Act, 1952. The employee and employer each contribute 12% of the employee's basic salary and dearness allowance towards EPF. Currently, the rate of interest on EPF deposits is 8.10% p.a. EPFO (Employee Provident Fund Organization)
Update on Provident Fund Taxation by Finance Act 2024 and …
WebThe PPF Account interest rate is set by the Ministry of Finance on a quarterly basis. As far as the current PPF interest rate is concerned, for the quarter ending in June 2024, it has been fixed at 7.1% per annum. How to use a PPF … WebJun 22, 2024 · The Employees' Provident Fund (EPF) is a scheme in which retirement benefits are accumulated. Under the scheme, an employee has to pay a certain contribution towards the scheme and an equal … cynk now foods
EPF RELEASES REVISED LIST OF UNIT TRUST FUNDS FOR 2024/2024
WebNov 12, 2024 · PMRPY was announced in August 2016, with the Centre providing for full employers’ contribution of 12 per cent (EPF and Employees’ Pension Scheme), for three … WebApr 11, 2024 · PETALING JAYA: The Employees Provident Fund (EPF) has released its revised qualified list of a total of 299 funds from 18 fund management institutions (FMIs) approved under the EPF Members Investment Scheme (EPF MIS), of which 184 funds are qualified to be offered to EPF members for the 2024/2024 period. WebAug 15, 2024 · Employer’s contribution towards EPF = 3.67% of Rs 50,000 = Rs 1835 So the Total EPF contribution every month = Rs 6000 + Rs 1835 = Rs 7835. The EPF interest rate for FY 2024-2024 was 8.65%. So let’s use this for the example. As mentioned earlier, interest on EPF is calculated monthly. cynk solgar ceneo