EPF INTEREST CREDIT
Documents required for ITR filing: 10 documents you need to file income tax return
Documents required for ITR filing: An individual should collect all the required documents such as Form 16, bank account statements, capital gains statement, depending on the incomes they have to make the ITR filing process easier. Here is the list of 10 documents that a taxpayer might need to file their income tax return this year.
General Provident Fund (GPF) interest rate for April-June 2024 quarter announced
The Ministry of Finance has announced the interest rate for the General Provident Fund (GPF) and other similar provident fund initiatives for April- June 2024 quarter.
New EPF auto-settlement claim rules for medical, education, marriage, housing: How to use this facility, eligibility
EPF auto-settlement of withdrawal claims: The EPFO in a press release has announced extending the coverage of auto-settlement of withdrawal claims to marriage, housing and higher education. The auto-settlement claim was earlier available for specified medical illness only. Read on to know who can apply for these claims, documents required to apply and other details.
When will EPF interest be credited for FY 2023-24? Here’s what EPFO has said, 4 ways to check PF balance
EPF interest for FY 2023-24: The Employees' Provident Fund Organisation (EPFO) announced the interest rate for provident fund deposits for the 2023–2024 fiscal year in February of 2024. The interest rate for 2023–24 was raised by the EPFO from 8.15% to 8.25% from the previous year.
EPF withdrawal claim: How many days does it take to settle an EPF withdrawal claim?
Settlement of EPF withdrawal claim: Many Employees' Provident Fund (EPF) members experienced difficulties after submitting withdrawal requests from their EPF accounts. Some of them voiced concern, noting that there has been no news on the situation since making a withdrawal claim.
The unintentional tax-saving investment that most salaried employees do
EPF as tax-saving investments: If you're a salaried employee and is/planning to opt for old tax regime for current FY 2023-24, then Employees' Provident Fund (EPF) contribution is one tax-saving investments that happens automatically. Many people forget to account the tax-benefit available under Section 80C on EPF investments while evaluating the total tax saving investments.
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Do EPF members suffer loss if interest payment is delayed by EPFO? Know how withdrawal works when interest credit is pending
Going by the trends seen in many previous years, though interest rate on EPF deposits for the financial year 2023-24 was announced in February to be 8.25% however, the actual payment of interest into respective EPF accounts may take longer. Most EPF members have this concern whether they will lose out earning more interest due to this delay. We tell you how it works.
EPF interest rate hiked to 8.25% for FY 23-24; 4 ways to check your EPF balance
EPF interest rate for FY2023-24: The interest rate will be formally announced in the government gazette if approved by the Ministry of Finance. EPFO will then credit the agreed rate of interest to its EPF subscribers' accounts.
EPFO Interest Rate Hike: EPFO declares 8.25% as EPF interest rate for FY 2023-24
EPFO Interest Rate Hike: The Employees Provident Fund is a mandated contribution for salaried employees. An employer is also obligated to make a matching contribution to the EPF account. On a monthly basis, an employee contributes 12% of his earnings to his EPF account. The employee's whole contribution is placed into the EPF account. In the case of the employer, just 3.67 percent is deposited into the EPF account. The remaining 8.33% goes to the Employees Pension Scheme (EPS).
PF interest rate set at 8.25% for FY24, the highest in three years; payout to top ₹1 lakh cr
The increase in interest rate by the EPFO comes on the back of strong financial returns earned by the retirement fund body this year, including on its investments in equity, and almost negligible Covid-19 withdrawals, officials said. EPFO's earnings in 2023-24 stand at ₹13 lakh crore, up 17.97% from ₹11.02 lakh crore in 2022-23, the labour and employment ministry said in a statement.
EPFO announces 8.25% interest rate for 2023-24
The central board of trustees of EPFO, headed by the labour and employment minister Bhupender Yadav, gave its go ahead to the proposed interest rate at the 235rd board meeting of EPFO on Saturday.
EPFO restricts credits, deposits into EPF accounts linked with Paytm Payments Bank from this date
The EPFO advised all its Field Offices to refrain from accepting claims associated with bank accounts in Paytm Payment Bank Limited with effect from next month.
EPFO disburses Rs 48,000 crore Covid advance to over 22 million subscribers in 3 years
As per the draft Annual Report 2022-23, EPFO disbursed Rs 17,106.17 crore in 2020-21 benefitting 6.92 million beneficiaries, Rs 19.126.29 crore in 2021-22 to 9.16 million beneficiaries and Rs 11,843.23 crore to 6.20 million beneficiaries in 2022-23.
EPF Diwali gift for you: Govt starts crediting EPF interest for FY 2022-23 into provident fund accounts; how to check EPF balance
The Employees' Provident Fund Organisation (EPFO) has begun crediting interest into provident fund (PF) accounts, according to a PIB statement from November 1, 2023.
When will EPF interest for FY 2022-23 be credited, how to check EPF account balance
EPF interest rate for FY 2022-23: Salaried workers are required to make a contribution to the Employees Provident Fund. Additionally, an employer is required to contribute in a matched manner to the EPF account.
Will your EPF account earn tax-free interest even after you leave job?
Many salaried workers make monthly contributions to the Employees' Provident Fund (EPF) account knowing that the account will mature at the time of retirement. However, not many people are aware of the finer details of the scheme. How long money can be kept in the EPF account after leaving job? If an interest will be earned on those EPF accounts.
Govt notifies interest rate of 8.15% on EPF deposits
The Union government on Monday notified 8.15% as the interest rate on deposits under the EPF scheme for 2022-23, as recommended by the retirement fund body’s Central Board of Trustees in March this year. On Monday, EPFO also directed its field offices to credit the interest into the accounts of over 6 crore active members as of March 2023. Interest rate on PF accounts declared in March this year was marginally higher than the four-decade low of 8.1% declared by the government in 2021-22.
EPFO declares 8.15% as EPF interest rate for FY 2022-23
The EPFO has announced the interest rate for EPF accounts for the financial year ended on March 31, 2023. The interest rate for FY 2022-23 has been hiked by 0.05%
No EPF nominee? How PF money will be paid after EPFO member's death
. Employees' Provident Fund (EPF) account allows nominees to receive a portion of PF accumulations, EDLI benefits, and pension payments in the case of a member's death.
General Provident Fund (GPF), CPF interest rates announced for July-September 2023 quarter
The Ministry of Finance has announced the interest rate for the General Provident Fund (GPF) and other similar provident fund initiatives.
Central govt employees: General Provident Fund (GPF), CPF interest rates announced for April-June 2023 quarter
The interest rates of GPF, All India Services Provident Fund and other similar funds will be 7.1 per cent for the April-June quarter, 2023, said the Department of Economic Affairs (DEA), Ministry of Finance in a resolution on April 10, 2023. All you need to know.
EPF interest rate fixed at 8.15% for FY 2022-23 by EPFO; hikes interest rate by 0.05%
The Employees Provident Fund Organisation (EPFO) has fixed the interest rate at 8.15% for financial year 2022-23 as per the sources quoted by news agency PTI. If this interest rate is finalised by the Central Board of Trustees (CBT), then there is hike in interest rate by 0.05%. The EPFO board is meeting for two days to decide the interest rate on EPF account.
Crucial EPFO board meeting begins today; EPF interest rate for FY2022-23 likely to be announced by tomorrow
The Central Board of Trustees of the EPFO is holding a crucial two-day meeting commencing on Monday in the national capital to decide the EPF interest rate on the retirement corpus for 2022-2023.
EPF rate likely to stay at around 8%
According to an official, return on EPFO investments this year have been strong while the Covid withdrawals have come down significantly. With better returns expected on equity investment, there is a possibility of either retaining the interest rate at 8.1% or bringing it a tad lower to 8%, the official said.
Some EPF subscribers are yet to receive interest: How to check EPF interest credit status
Time and again the EPFO has assured its subscribers that its interest credit is an ongoing process. EPF who have not received their interest took it to twitter to complain.
Interest rate on PF deposits may be near 8% for FY23
The central board of trustees of EPFO is expected to meet later this month or in early March to decide on the interest rate that will be recommended by its Finance Investment and Audit committee based on the earnings for 2022-23. The retirement fund body had announced the interest rate of 8.1% for 2021-22, which was the lowest in four decades.
Who are the eligible nominees under EPF, EPS and EDLI
When joining the Employees' Provident Fund (EPF)/Employees' Pension Scheme (EPS), members must nominate their nominees, who would get the PF amount to their credit as well as the pension.
EPF interest: Why interest credited into EPF account is not visible, finance ministry clarifies
According to the Finance Ministry, there will be no interest rate loss for Employees' Provident Fund Organisation (EPFO) subscribers, and the delay in crediting interest rate for FY22 is due to a software upgrade due to tax changes made last year.
No loss of interest for EPF subscribers: Finance Ministry
"There is no loss of interest for any subscriber. The interest is being credited in the accounts of all EPF subscribers. However, that is not visible in the statements in view of a software upgrade being implemented by EPFO (Employees' Provident Fund Organisation) to account for change in the tax incidence," the ministry tweeted late on Wednesday night.
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