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Govt hikes interest rate on Employees Provident Fund for 2022-23 to 8.15%

The hike has been made from a 4-decade low of 8.10% for FY 2021-22.

FILE Photo: Employees provident fund organisation head office , EPFO office.
Updated on Jul 24, 2023 02:16 PM IST
PTI |

How to apply for EPF higher pension on the portal? Check here

At present, both employees and employers contribute 12% of the employee's basic salary, dearness allowance to the EPF.

EPF higher pension: At present, both employees and employers contribute 12% of the employee's basic salary.(HT File)
Published on Mar 03, 2023 05:12 PM IST

New PF withdrawal rule: Check this in FY24 while filing Income Tax Return

According to the Income Tax rule, if money is withdrawn from the EPF account before the completion of five years of the account opening, the whole withdrawal amount would remain taxable.

Gender analysis of the data showed that enrolment of net female members in EPFO stood at 406,000 in July, up by 34.84% year-on-year. (File Photo)
Published on Feb 05, 2023 01:52 PM IST
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