Fri, Dec 20, 2024
EPF Corpus Calculator: The interest earned on EPF is tax-free. EPF members can withdraw funds before maturity in case of emergencies like marriage, house construction or higher education.
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Wed, Nov 20, 2024
EPFO assigns each member a 12-digit number known as the UAN (universal account number). Even if an employee changes employers, his or her UAN remains the same.
Fri, Oct 04, 2024
EPF provides retirement benefits to employees on their retirement in the form of a pension. It also provides insurance benefits.
Fri, Aug 23, 2024
To get Rs 4 crore on retirement, one needs to contribute Rs 11,200 per month for 40 years. On maturity, you will get a total of Rs 4,02,59,738.7 at current interest rate of 8.25 per cent.
Mon, Aug 19, 2024
Retirement Corpus Calculator: Employees' Provident Fund Organisation (EPFO) offers an 8.25 compound per cent interest rate on EPF. Deposits up to Rs 1.50 lakh in a financial year in EPF provide tax benefits to an EPF subscriber under Section 80C of the Income Tax Act, 1961.
Mon, Aug 12, 2024
Retirement Planning: EPF offers an 8.25 per cent annual compound interest rate to its subscribers. Deposits up to Rs 1.50 lakh in a financial year under Section 80C of the Income Tax Act, the interest earned, and the maturity amount are tax free under the scheme.
Wed, Jul 17, 2024
EPF and PPF schemes have some similarities. They have long lock-in periods. Investments up to Rs 1.50 lakh in a financial year in each scheme are tax-exempted under Section 80C of the Income Tax Act, 1961. Both fall in the exempt-exempt-exempt (EEE) category, where investment, tax earned, and the maturity amount are tax-free.
Mon, Jul 15, 2024
EPF Calculator: The Employees' Provident Fund Organisation (EPFO) provides 8.25 per cent annual compound interest on EPF contributions. An employee can contribute a maximum of 12 per cent of their basic salary and dearness allowance (DA) to the EPF account. The employer matches the same amount and deposit in the employee's EPF account.
Fri, Jul 05, 2024
Retirement Planning: One can contribute a minimum of Rs 1,800 and a maximum of 12 per cent of their basic salary and dearness allowance (DA) to their EPF account. The employer also needs to match the same amount and deposit it into the employee's EPF account. However, the employer's 12 per cent contribution is deposited in two ways. While 3.67 per cent of its proportion goes to the EPF, 8.33 per cent goes to the Employee Pension Scheme (EPS).
Mon, Jul 01, 2024
EPFO: An employee can contribute up to 12 per cent of their basic salary and dearness allowance (DA) to their EPF account. The employer also contributes an equal amount, but its amount is distributed in two parts. While 3.67 per cent of it goes into the EPF account, 8.33 per cent goes to the Employee Pension Scheme (EPS) account. The EPF offers a lot of tax benefits. Deposits up to Rs 1.50 lakh in a financial year are tax-exempt under Section 80C of the Income Tax Act.
Thu, Jun 20, 2024
EPF Calculation: Employees' Provident Fund (EPF) is a popular retirement scheme that provides a lump sum amount and a monthly pension upon retirement. The central government decides the interest rate of the EPF interest rate every year. For the financial year 2023–24, the EPF interest rate is 8.25 per cent per year.
Mon, May 20, 2024
EPFO Interest Rate: Employees' Provident Fund (EPF) is a retirement scheme in which the employee and the employer deposit money in equal proportions. Deposits up to the limit of Rs 1.50 lakh in the scheme are tax exempt under Section 80C of the Income Tax Act, 1961. How much interest did you get on the money deposited in your EPF account? Know this calculation as well as how to check the interest rate in your EPF account.
Mon, May 06, 2024
As part of the exempt-exempt-exempt category, while deposits up to Rs 1.50 lakh in EPF provide tax exemption under Section 80C of the Income Tax Act, the interest earned on these deposits and the maturity amount are also tax-free.
Thu, May 02, 2024
An employee contributes a minimum of Rs 1,800 and a maximum of 12 per cent of their basic salary to their EPF. Their employer in the equal proportion also contributes to the employee account. From the employer's contribution 8.33 per cent goes to the Employee Pension Fund (EPS) and 3.67 per cent goes to EPF.
Fri, Apr 05, 2024
EPF scheme comes under the exempt-exempt-exempt (EEE) category where deposits, the interest earned and the withdrawals are tax free. The minimum amount from the employer's side for EPF contribution is Rs 1,800. Mutual fund investment through SIP is a market-linked investment. EPF and mutual fund investments provide compounding.
Thu, Mar 07, 2024
EPF Contribution Update: In its tweet, EPFO says that if the duration of default (of not contributing to EPF) is less than two months, the employer has to pay 5 per cent per annum of the total contribution to the employee's fund. Those who default for two to four months will have to pay damages at 10 per cent per annum.
Tue, Feb 27, 2024
The Employee Provident Fund is an important retirement savings plan in India, wherein the employer and employee contribute an equal amount towards the fund.
Mon, Jul 31, 2023
EPF vs PPF comparison: EPFO invests 15% of the fresh money collected every year in equities. This exposure to equity makes it vulnerable to market movements.
Sun, Jul 30, 2023
Government-backed schemes like Employee Provident Fund (EPF) and Public Provident Fund (PPF) are preferred retirement plans for lakhs of salaried and self-employed professionals in India. But both these pension plans vary in terms of interest rates, taxation, and terms of withdrawal. In this video we talk about the featured and differences of both these plans and where should investors park their retirement funds.
Tue, Jul 25, 2023
The government has increased the rate of interest on Employees' Provident Fund (EPF) deposits to 8.15% for the financial year 2022-23. This is the highest in 4 years and will benefit over 6 crore EPFO subscribers. The higher interest rate will help people save more money for their retirement and other financial goals.
Mon, Jul 24, 2023
EPFO: As per an official order issued on Monday, the EPFO has asked the filed offices for crediting the interest at 8.15 per cent on EPF for 2022-23 into the accounts of members.
Wed, Mar 29, 2023
EPFO interest rate hike: After the latest revision, the EPF interest rate stands at 8.15 per cent for the year 2022-23.
Sun, Mar 19, 2023
Paisa Wasool 2.0: National Pension System or Employees' Provident Fund, we answer which is the better tool as far post-retirement financial security is concerned.
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