Business Standard

Epfo Interest Rate

How much tax do you have to pay on income from EPF? All scenarios explained

According to the rule change announced in the Union Budget 2021, effective from April 1, 2021, interest earned on employee contributions to EPF exceeding Rs 2.5 lakh per annum is taxable

How much tax do you have to pay on income from EPF? All scenarios explained
Updated On : 23 Jul 2024 | 11:30 AM IST

EPF members now receiving FY 2023-24 interest payments: Here's how to check

Pension manager says it has settled more than 2.304 mn claims and disbursed an amount of Rs 9,260 crore

EPF members now receiving FY 2023-24 interest payments: Here's how to check
Updated On : 12 Jul 2024 | 11:21 AM IST

Your EPF money is set to rise at faster rate, 8.25% interest highest in 3 yrs

In 2021-2022 and 2022-2023, the EPF interest rates were 8.1 per cent and 8.15 per cent, respectively, which means the 2023-2024 interest rate is the highest in three years.

Your EPF money is set to rise at faster rate, 8.25% interest highest in 3 yrs
Updated On : 13 Feb 2024 | 11:07 AM IST

8.15% Interest for EPFO subscribers 'in pipeline', to be credited 'shortly'

The interest rate on EPF is reviewed annually, and for the fiscal year 2022-23, it is set at 8.15 per cent, up from the 7.59 per cent interest rate provided in FY22.

8.15% Interest for EPFO subscribers 'in pipeline', to be credited 'shortly'
Updated On : 13 Nov 2023 | 11:08 AM IST

EPF: When can you withdraw, how is the money taxed, and how to avoid it

Withdrawals before five years are tax-free in cases of serious illness, employer discontinuation of operations, withdrawals not authorized by the employer, and advances under the EPF Scheme

EPF: When can you withdraw, how is the money taxed, and how to avoid it
Updated On : 22 Jun 2023 | 3:04 PM IST

EPFO wage ceiling likely to be raised from Rs 15,000 per month to Rs 21,000

The ceiling was last revised in 2014 from Rs 6,500 per month to Rs 15,000 and is applicable only to enterprises that have more than 20 workers

EPFO wage ceiling likely to be raised from Rs 15,000 per month to Rs 21,000
Updated On : 24 Nov 2022 | 4:43 PM IST

EPFO board recommends extending proportionate pension benefits to members

Decision to extend pension scheme beyond 35 years of service taken in 232nd CBT meet on Monday; withdrawal benefits available even to those who've contributed for less than six months

EPFO board recommends extending proportionate pension benefits to members
Updated On : 31 Oct 2022 | 9:34 PM IST

How to check pension status on EPFO portal: Here's a step-by-step guide

Any EPF pensioner can get the PPO number using either the bank account number or PF number

How to check pension status on EPFO portal: Here's a step-by-step guide
Updated On : 27 Oct 2022 | 6:04 PM IST

Fresh formal job creation falls below 1-million mark in August: EPFO

The unemployment rate shot up to 8.3 per cent, which was the highest, compared with the rates in the past 12 months

Fresh formal job creation falls below 1-million mark in August: EPFO
Updated On : 20 Oct 2022 | 10:14 PM IST

EPFO looks to hire law firms to provide legal opinion, associated services

The approved law firms will be empanelled with the EPFO headquarters in New Delhi for an initial period of one year, which can be extended to three years

EPFO looks to hire law firms to provide legal opinion, associated services
Updated On : 07 Oct 2022 | 6:42 PM IST
Updated On : 04 Jun 2022 | 6:10 AM IST
Updated On : 16 Mar 2022 | 11:16 AM IST

Provident fund interest rate for FY22 lowered to four-decade low of 8.1%

EPFO has a surplus of around Rs 450 cr after paying at a rate of 8.1%. Employee representatives sought higher interest rates but the Central Board of Trustees settled for 8.1%

Provident fund interest rate for FY22 lowered to four-decade low of 8.1%
Updated On : 12 Mar 2022 | 9:31 PM IST

CPI leader Binoy Viswam urges FM to reconsider EPFO rate slash

In a letter he wrote to the minister, Viswam accused the BJP-led government of showing its true colours just after the party secured electoral victories in four states

CPI leader Binoy Viswam urges FM to reconsider EPFO rate slash
Updated On : 12 Mar 2022 | 7:30 PM IST

EPFO to take call on interest rate for 2021-22 in March meeting

In March 2020, EPFO had lowered interest rate on provident fund deposits to a seven-year low of 8.5 per cent for 2019-20, from 8.65 per cent provided for 2018-19.

EPFO to take call on interest rate for 2021-22 in March meeting
Updated On : 14 Feb 2022 | 12:44 AM IST

Top headlines: Bengaluru 'most liveable' city; 8.5% EPF interest for FY21

WhatsApp to introduce audio, video calling on desktop app, Kerala BJP pitches for making Sreedharan NDA CM candidate, and other top news of the day

Top headlines: Bengaluru 'most liveable' city; 8.5% EPF interest for FY21
Updated On : 04 Mar 2021 | 5:01 PM IST

EPFO stops correction in member profiles online over fraudulent withdrawals

The organisation in its circular, issued ahead of 2020-21 interest announcement, has ordered its field offices to not entertain any such request for correction in name

EPFO stops correction in member profiles online over fraudulent withdrawals
Updated On : 17 Feb 2021 | 8:58 AM IST

EPFO begins crediting 8.5% interest for 2019-20; to reflect from Jan 1

Retirement fund body EPFO on Thursday started crediting 8.5 per cent rate of interest on employees' provident fund (EPF) for 2019-20 for its over six crore members, a senior official said. A large number of members of the Employees Provident Fund Organisation (EPFO) would be able to see their updated EPF accounts with credit of 8.5 per cent rate of interest for 2019-20, a senior official told PTI. The official further informed that the labour ministry has already sent the direction to credit the 8.5 per cent interest on EPF for 2019-20 to the EPFO and the body has already started crediting interest into members account for the last fiscal. Labour Minster Santosh Gangwar said, "We had said that it would be our endeavour to provide 8.5 per cent rate of interest on EPF for 2019-20. We have issued a notification to provide 8.5 per cent rate of interest on EPF for 2019-20. We have also began the process to credit the said rate of interest into subscribers account." The minister also sai

EPFO begins crediting 8.5% interest for 2019-20; to reflect from Jan 1
Updated On : 31 Dec 2020 | 5:43 PM IST

EPFO likely to credit 8.5% interest for 2019-20 by December in one go

In March this year, the EPFO's apex decision making body Central Board of Trustees headed by Labour Minister Santosh Gangwar had approved 8.5 per cent interest rate on EPF for 2019-20

EPFO likely to credit 8.5% interest for 2019-20 by December in one go
Updated On : 13 Dec 2020 | 11:41 AM IST

Subscribers to get 8.5% EPF savings interest at one go on 'market boost'

The EPFO had decided that 8.15 per cent interest from its debt income would be credited immediately

Subscribers to get 8.5% EPF savings interest at one go on 'market boost'
Updated On : 09 Dec 2020 | 6:05 AM IST