Given the Company's acquisition strategy, Pro-forma net loss (income) is more reflective of the expected run-rate. The Company considers the entity year end and respective quarter based on pre-acquisition year end of the acquired comp...
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 interest rate of India is decided by the central government with the consultation of Central Board of trustees. Compound interest as declared by Central Govt. is paid on the amount standing to the credit of an employee as on 1st April every year. ArticlesEPF Calculator-Method I:3.67%...
In EPF, 24% of an employee’s salary is diverted to the EPF as a mandatory retirement saving scheme.There is no clarity on how the amount mandatorily deducted from the employer’s contribution and put into the EPS will be invested. But we guess it would also be invested in NPS like Gov...
September 20, 2024Namaste UI (Author) Table of Contents What Is EPF (Employee Provident Fund)? Working Of An EPF Account Benefits Of Having EPF High Interest Rate Best Investment Scheme Partial Withdrawal Loan Financial Protection Positive Impacts ...