PPF Interest Rate Oct 2019 - 7.9% (SBI and HDFC PPF Interest Rate Calculation and Calculator 2019-20) Govt Notified Revised Interest Rate of Public Provident Fund (PPF) from 1.10.2019 - 7.9.% The rate of interest for Public Provident Fund (PPF) from … [Read more...]
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Current Pension rate of Contributory Provident Fund (CPF) pensioners
Current Pension rate of Contributory Provident Fund (CPF) Pensioners Ministry of Finance Current Pension rate of Contributory Provident Fund (CPF) pensioners The Central Government employees who are covered by CPF Rules (India) 1962 and who retired … [Read more...]
EPFO Investment in Stocks through ETF
EPFO''s investment in stocks Whether it is a fact that the EPFO''s investment in stocks through Exchange Traded Funds (ETFs) would cross the Rs. 45,000 crore mark by the end of this fiscal? No. Whether it is also a fact that the rate of return on … [Read more...]
Central Government decides to withdraw the notification on withdrawal from EPF
Central Government decides to withdraw the notification on withdrawal from EPF Government Decides to withdraw the 10th February 2016 Notification with Immediate Effect Press Information Bureau Government of India Ministry of Labour & E … [Read more...]
Govt puts on hold new Provident Fund withdrawal norms till July 31
Govt puts on hold new Provident Fund withdrawal norms till July 31 The Govt puts on hold new Provident Fund withdrawal norms till July 31. New PF withdrawal norms proposes to bar withdrawal of employer's contribution to the provident fund corpus … [Read more...]
Reduction of Interest Rates on Public Provident Fund
Reduction of Interest Rates on Public Provident Fund Interest Rates on various Small Savings Schemes for the 1st Quarter of 2016-17 notified Additional Interest Rate spreads which the Government allows on Small Savings Schemes like PPF, Senior … [Read more...]
Premature Provident Fund withdrawal – Income tax will be imposed
Premature Provident Fund withdrawal - Income tax will be imposed Income Tax for Premature Provident Fund withdrawal of more than Rs.30,000 The Government has announced that income tax will be imposed if, at the time of premature withdrawal, the … [Read more...]
Centre Govt Allows 5% of PF Funds to be Invested in Share Market
Centre Govt Allows 5% of PF Funds to be Invested in Share Market The Central Government has allowed investing up to 5% of the Provident Fund capital in the stock market. As a result, Rs.5000 crore is expected to be released for investment this … [Read more...]
10% Tax Proposed on PF Withdrawals
10% Tax Proposed on PF Withdrawals The Employee Provident Fund Organization (EPFO) has decided to impose a tax of 10.3% on the amount withdrawn from the EPF within five years of starting the accounts. EPF accounts have to be created in all the … [Read more...]
Second Round of Tripartite Consultations on EPF & MP Act Amendments Held
Second Round of Tripartite Consultations on EPF & MP Act Amendments Held Bandaru Dattatreya Chairs Tripartite Consultations The Second Round of Tripartite Consultations on Employees Provident Fund and Miscellaneous Provisions Act,1952 (EPF … [Read more...]