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employee provident fund

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WhatsApp helpline is now functional in all the 138 regional offices of EPFO.(HT File Photo)

EPFO keeps interest rates on provident fund deposits unchanged at 8.5%

By hindustantimes.com | Written by Kanishka Sarkar
UPDATED ON MAR 04, 2021 03:32 PM IST
According to the latest report released by the National Statistical Office (NSO), net new enrolments with retirement fund body EPFO stood over 1.25 million in December, up from 870,000 in November 2020.
The rupee appreciated by 6 paise to close at 73.49 (provisional) against the US dollar on Monday, tracking weakness in the American currency and positive domestic equities(REUTERS)
The rupee appreciated by 6 paise to close at 73.49 (provisional) against the US dollar on Monday, tracking weakness in the American currency and positive domestic equities(REUTERS)

EPF payments of 4 million staff held up

By Prashant K Nanda
PUBLISHED ON FEB 15, 2021 12:17 AM IST
This is because of a KYC mismatch of employees at the employers’ end, and the retirement fund manager’s field offices are reaching out to these establishments, the authorities said.
West Bengal chief minister Mamata Banerjee in an addresses in Kolkata. (PTI)
West Bengal chief minister Mamata Banerjee in an addresses in Kolkata. (PTI)

News updates from HT: BJP replicating Tripura model in poll-bound Bengal

UPDATED ON FEB 04, 2021 08:55 PM IST
Here are today’s top news, analysis and opinion. Know all about the latest news and other news updates from Hindustan Times.
The budget has capped the tax exemption on interest earned on EPF, VPF and exempted PF trusts where annual employee contribution is above <span class='webrupee'>₹</span>2.5 lakh.(Mint Archives)
The budget has capped the tax exemption on interest earned on EPF, VPF and exempted PF trusts where annual employee contribution is above 2.5 lakh.(Mint Archives)

Interest on EPF over 2.5 lakh a year to be taxed

Livemint | , New Delhi
PUBLISHED ON FEB 02, 2021 12:18 AM IST
The rule will apply on Ulips issued on or after 1 February 2021. However, the claim received from such Ulips on the death of the policyholder will remain tax-exempt
The finance ministry has been nudging the labour ministry for aligning the EPF interest rate with other small saving schemes run by the government like the public provident fund and post office saving schemes. (Photo
The finance ministry has been nudging the labour ministry for aligning the EPF interest rate with other small saving schemes run by the government like the public provident fund and post office saving schemes. (Photo

Interest rate on provident fund cut to 8.5% for this year, says labour minister

Hindustan Times, New Delhi | By HT Correspondent
UPDATED ON MAR 05, 2020 02:39 PM IST
The EPFO had provided 8.65 per cent rate of interest on EPF for 2018-19 to its around six crore subscribers. The decision was taken at a meeting of the EPFO apex decision making body -- the Central Board of Trustee.
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