Employees’ Provident Fund (EPF) withdrawal rules & Interest Rate

Employees’ Provident Fund (EPF) withdrawal rules & Interest Rate

Employees’ Provident Fund or EPF, a government-run pension scheme, fetches an interest at the rate of 8.65 per cent. It is a mandatory contribution from the salary of an individual that every organisation with more than 20 employees has to deduct. EPF is regulated by retirement fund body EPFO or Employees’ Provident Fund Organisation. The…

Enhancement of salary limit of Employees Provident Fund

Enhancement of salary limit of Employees Provident Fund GOVERNMENT OF INDIA MINISTRY OF  LABOUR AND EMPLOYMENT RAJYA SABHA UNSTARRED QUESTION NO-748 ANSWERED ON-11.12.2013 Enhancement of salary limit of Employees Provident Fund 748 . SHRI RAMACHANDRA KHUNTIA (a)whether Government is considering to enhance the salary limit of employees of provident fund to Rs. 15000/- and reduce the number of workers from 20 to…