Epf Contribution News Today

For the financial year 2022-23, the retirement fund organisation said it has credited the interest to the accounts of 28.17 crore members’ banks

Learn about the latest EPFO rules on submission of digital joint requests to increase your EPF contribution. Find out how to submit a joint request and permission under the EPF Scheme, 1952.

The Employees Provident Fund Organisation (EPFO) subscribers who wish to contribute more than the statutory limit must submit a joint request and permission under EPF Scheme, 1952, Paragraph 26(6).

While it’s not possible to directly raise your compulsory EPF contribution beyond the stipulated 12% (divided equally between the employee and employer), the voluntary provident fund offers an excellent opportunity to enhance your savings and take advantage of the higher EPF interest rate.

The total corpus of various schemes under the National Pension System (NPS) and Atal Pension Yojana has increased to Rs 10.9 lakh crore, a 27.9 per cent surge YoY as of December 31, 2023.

CPF comes from two main contributions, and there are different accounts. Find out how much you and your employer are contributing, and how you can invest your CPF funds.

The Delhi High Court has allowed the deduction for the employee’s contribution towards the provident fund as the due date fell on a national holiday.The bench of Justice Rajiv Shakdher and Justice...

You will have to rely on a home loan to buy the house. If we consider a loan of ₹1 crore for 20 years then the equated monthly instalment (EMI) for the same could be approximately ₹87,000 at an interest rate of 8.5% p.a.

Once the Employees Provident Fund deduction has been deducted from an employees salary, an employer must deposit the same in the EPF account within the prescribed time limit. However, there have been instances where an employer has failed to deposit the same on time. If the deposit is not made by the employer, it is ultimately a loss for an employee.

Employees Provident Fund Organisation (EPFO) data, accessed by ET, show that Byjus made payments worth Rs 14.6 lakh, in the names of 738 employees, for June, as against 24,818 employees for the month of May.