So the EPF interest rate applicable per month is = 8.50%/12 = 0.7083% Assume that you (the employee in this case) joined the job exactly on 1stApril 2020. So your and your employer’s EPF contributions started for the financial year 2020–21 from the month of April. Here is how it ...
EPF Interest Rate FY 2023-24 The EPF interest rate for the financial year 2023-24 is 8.15%. This was announced by the Employees' Provident Fund Organisation (EPFO) on July 24, 2023. It is the highest EPF interest rate in four years. The interest rate for the previous financial year, 20...
The EPF, by law, has a minimum dividend rate of 2.5%, but historically has had a much higher rate. For example, in 2014, the dividend rate was 6.75%. Your EPF contributions are tax-free up to a maximum of RM4,000 per annum, since they are deducted from your chargeable income for ...
EPFO Raises Provident Fund Interest Rate to 8.25% for 2023-24 The Employees' Provident Fund Organisation (EPFO) has announced an increase in the interest rate for employees' provident fund to 8.25% for the year 2023-24. This is the highest rate in three years. The decision was made by the...
The EPF, by law, has a minimum dividend rate of 2.5%, but historically has had a much higher rate. For example, in 2014, the dividend rate was 6.75%. Your EPF contributions are tax-free up to a maximum of RM4,000 per annum, since they are deducted from your chargeable income for ...
Companies with private EPF trusts are evaluated periodically on six parameters (100 points for each), such as: full and timely monthly remittances of EPF accumulations to the private trust; transfer of funds — for example on exit of employees; efficacy of making investments, the rate of return...
cash bundle-more than 3 times what they will get now-when they retire for old age security. A society that taxes its senior citizens at this rate cannot deliver social justice. Knowingly or unknowingly, two branches of the real custodian of provident funds in Sri Lanka have just done that....
However, in some cases like for advance, the reason may be genuine. Such scenarios usually take place in the cases of advance. Sometime, you may claim your advance due to the reasons like natural calamity, factory lockdown, strike, etc. For such reasons, you need to fill the certificate...
UAN Portal: Guide for UAN Status, Passbook & Account Balance Check December 19, 2019 EPF Balance Check: Know your PF status instantly with EPF passbook December 18, 2019 EPFO – What is EPFO, EPFO Latest News, Services & Functions
Last resort is to go for RTI. EPF Withdrawal Claim Status details EPF Claim amount in the bank account came on 22 Mar 2 days after 19 Mar EPF withdrawal claim amount in bank account 2-3 days after the date mentioned in the Claim Status ...