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EPFO To Soon Credit Interest to Provident Fund Accounts

EPFO: ఈపీఎఫ్ చందాదారులకు శుభవార్త. ఎంప్లాయీస్ ప్రావిడెంట్ ఫండ్ ఆర్గనైజేషన్(ఈపీఎఫ్ఓ) అతి త్వరలో సుమారు ఆరు కోట్ల మంది చందాదారుల ఖాతాలలో ఎంప్లాయీస్ ప్రావిడెంట్ ఫండ్(ఈపీఎఫ్) వడ్డీని క్రెడిట్ చేయనున్నట్లు తెలుస్తుంది. ....

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EPF Interest Rates 2021: EPFO Keeps Interest Rates Intact


EPF Interest Rates 2021: EPFO Keeps Interest Rates Intact
Mar 06, 2021, 13:46 IST
The Central Board of Trustees of the Employees Provident Fund Organization (EPFO) on Thursday recommended that subscribers be given an 8.5% interest rate for PF contributions for 2020-2021, keeping the same rate as the previous year.
The EPFO s central board of trustees, who met in Srinagar, ratified the rate after assessing earnings and financial positions.
The decision was taken at the 228th meeting of the Central Board of Trustees, held in Srinagar under the chairmanship of Santosh Kumar Gangwar, Union Minister of State for Labor and Employment.
EPFO s financial advisory panel had already met on Wednesday evening, March 3, and recommended the retirement fund body s board to retain the interest rate at 8.5%. ....

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EPF interest rates: EPFO retains 8.5% rate for 2020-21


EPF interest rates: EPFO retains 8.5% rate for 2020-21
The EPFO s central board of trustees, who met in Srinagar, ratified the rate after assessing earnings and financial positions. The meeting was chaired by Labour and Employment Minister Santosh Kumar Gangwar
BusinessToday.In | March 4, 2021 | Updated 15:10 IST
EPFO s financial advisory panel had already met on Wednesday evening, March 3, and recommended the retirement fund body s board to retain the interest rate at 8.5%
The Employees Provident Fund Organisation (EPFO) on Thursday, March 4, kept the interest rate intact at 8.5% for fiscal 2020-21, keeping it unchanged from last year.
The retirement body s central board of trustees, who met in Srinagar, ratified the rate after assessing earnings and financial positions. The meeting was chaired by Labour and Employment Minister Santosh Kumar Gangwar. ....

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EPF interest taxation: Here's how TDS will be calculated on interest earned on contribution beyond Rs 2.5 lakh


Updated Feb 27, 2021 | 14:01 IST
While no details have been shared as to how TDS will be applied, calculations show that if an individual s annual basic salary is close to Rs 21 lakh or more, they will come under the EPF tax net.
EPF interest taxation: Here s how TDS will be calculated on interest earned on contribution beyond Rs 2.5 lakh 
New Delhi: Budget 2021 left some taxpayers unsatisfied as there were no rate cuts or standard deduction limit hike. This Budget has left income-tax rates and slabs unchanged. While the Finance Minister did not announce any hike in super-rich surcharge, she found a way to tax the rich and super-rich by taxing the interest earned on Employee’s Provident Fund (EPF) contributions in excess of Rs 2.5 lakh in a financial year. ....

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