Page 2 - Epf Contribution News Today

The Employees Provident Fund Organisation (EPFO) has extended the last date to apply for higher pension till 26 June 2023

Every employee must pay 12% of their basic monthly pay and deferred compensation (DA) into the EPF. Then, the employer is also required to make a similar contribution.

Salaried employees can check their Provident Fund balance at home without the internet with these 4 ways.

Investors should note that the interest rate on PPF accounts is calculated on the minimum balance between the fifth day of the month and the last day of the month. Therefore, when one deposits the money before the fifth of every month, he can earn the interest for the entire month.

Financial tasks must be completed by 31 March to avoid penalties.

KUALA LUMPUR: The RM9,000 individual relief that is automatically granted to Malaysians in their respective annual tax returns should be raised to RM12,000, says Datuk Seri Dr Wee Ka Siong (BN-Ayer Hitam).

On Friday, the top court struck down the requirement in the 2014 amendments mandating employee contribution of 1.16 percent of the salary exceeding Rs 15,000 per month.

A take-home salary or in-hand salary is also called the net salary that an employee gets in his account. 

The net salary that an employee receives in his account is often referred to as the take-home salary or in-hand salary.

Provident Fund Update: The EPFO regularly updates the subscribers about the monthly deposits into their PF accounts through SMS alerts.