Web4 apr. 2024 · 2 min read . Updated: 04 Apr 2024, 08:49 AM IST Asit Manohar. New income tax rule on provident fund: The CBDT has notified that organisations need to maintain two separate PF accounts. One of the ... Web28 mrt. 2024 · The EPFO had lowered the interest rate on the scheme to 8.1% for 2024-22. A decision on the interest rate for provident fund deposits for 2024-23 is likely to be taken on Tuesday, on the second...
EPFO meeting in March end: EPF rate expected to be around 8
Web28 mrt. 2024 · NEW DELHI: The retirement fund body EPFO has fixed 8.15% interest rate on employees' provident fund for 2024-23. Last year, EPFO had declared 8.1% as the … Web2 apr. 2024 · Such interest is taxable provided the contributions are more than Rs 250,000 (Rs 500,000 where contributions are not made by Employer). In addition to EPF, it is common for individuals to contribute voluntarily towards PF (VPF). The limits for taxation as stated above, is determined after considering the aggregate of EPF and VPF contributions. dr tracy white
EPFO Interest for FY21-22 and FY22-23 Not Yet Credited in …
WebInterest rate - 8.1% Contribution made by an employee to the EPF account - (12% of emp. salary, i.e. ₹50,000) = ₹6000 Contribution made by an employer towards EPF account ( 3.67% of emp. salary, i.e. ₹50,000) = ₹1835 Contribution of the employer towards Employee pension scheme – 8.33% of emp. salary, i.e. ₹50,000) = ₹4165 Web10 apr. 2024 · In other words, the new interest rate announced will be valid from 1st April of one year to the year ending on 31st March of next year. The current EPF interest rate … WebNew PF interest Explained Updatify You#PFinterestchange #PFinterest #PF dr tracy windham little rock