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Know why its important to have Provident Fund account and 5 benefits it provides

Know why its important to have Provident Fund account and 5 benefits it provides - Under Section 80C of the income tax act, an employee gets income-tax exemption on a PF contribution of up to Rs 1.5 lakh in a financial year. ....

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You could get an average of 7.7% salary hike this year, but there is a catch

You could get an average of 7.7% salary hike this year, but there is a catch
According to the study, 88% companies said that they intend to increase the salaries in 2021. Survey has projected a 7.7% increase in average salary.
(Image Source: Reuters)
Updated: Feb 24, 2021, 09:43 PM IST
This year the Indian companies are likely to give an average of 7.7% hike in salary to its employees. The India Salary Increase Survey by consulting firm Aon revealed this data. However, there is a clause to it. Before you jump into joy - know that the survey says salary hike this year may not lead to increase in take-home pay. ....

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New PF tax rules to come into effect from April 1, here's how it will affect you

New PF tax rules to come into effect from April 1, here's how it will affect you - Nirmala Sitharaman in Budget 2021 announced that interest on employee contributions to PF of over Rs 2.5 lakh per annum would be taxed from April 1. ....

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EPFO crediting 8.5% interest in PF accounts: Here's how to check your EPF balance

EPFO crediting 8.5% interest in PF accounts: Here's how to check your EPF balance - In March this year, during the COVID-19 induced nationwide lockdown, the EPFO had approved 8.5% interest rate on EPF for 2019-20. ....

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EPFO (Employees' Provident Fund) Is Crediting 8.5% Interest Rate In Accounts; Here's How To Check PF Balance Online

EPFO started crediting 8.5 per cent interest on EPF for 2019-20 for its over six crore members.
Provident Fund (PF) Balance: Recently, retirement fund body Employees Provident Fund Organisation (EPFO) announced that it has started crediting 8.5 per cent rate of interest on employees provident fund (EPF) for 2019-20 for its over six crore members. Now account holders can see their updated EPF accounts with credit of 8.5 per cent rate of interest for 2019-20. According to the EPF website - epfindia.gov.in, in an EPF account, an employee contributes 12 per cent of his or her salary towards the account, and an equal amount is contributed by the employer. EPFO is the nodal body of EPF and allows subscribers to view the EPF passbook online through its website. EFPO also provides the balance information via missed call facility and SMS service. ( ....

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