The interest rate on PF for FY 2022-23 is set at 8.1%. To calculate the interest rate applicable for each month, the calculation is: 8.1%/12 = 0.675% If an employee joined a firm ABC in April 2022, the total PF contribution for April will be Rs. 2,350. There will be no interest...
The interest rate for FY 2021-22 8.10% Interest rate per month 0.675% Interest received 42.30 However, instead of making a manual calculation, you can calculate the EPF amount with the help of an online EPF calculator. How to use ET Money's EPF Calculator? ET Money's EPF Calculator is...
EPFO has stopped crediting interest to accounts that have not received contributions for 36 months continuously, classifying these inoperative. Around Rs 27,000 crore
there are certain rules related to this. Form 15G is for those whose age is below 60 years of age. Form 15H is for those whose age is above 60 years of age.