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EPFO had declared 8.1 percent as the rate of interest for 2021-22, which is the lowest in four decades. The last time the interest rate slipped to 8 percent was in 1977-78
PF office conveys non-payment notice to 4,000 establishments PF office conveys non-payment notice to 4,000 establishments BySalonee MistrySalonee Mistry / Updated: Apr 27, 2021, 06:00 IST Financial crunch during the costs and other payments The pandemic has brought everything to a grinding halt. With only essential services functional for most of the last year, businesses have not had much of a chance to make any money. No business for many meant that meeting expenses in terms of fixed costs like paying rent and taxes or even paying employees was not feasible. A part of these fixed costs also included paying the company’s provident share on the employees’ behalf, something many have not been able to do.
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