WebApr 10, 2024 · KWASA DAMANSARA, 10 April 2024: The Employees Provident Fund (EPF) releases its Revised Qualified List of Fund Management Institutions (FMIs) and unit trust funds under the EPF Members Investment Scheme (EPF MIS). This revised list is taken into effect today. For the 2024/2024 period, a total of 299 funds from 18 FMIs were … WebApr 5, 2024 · The Ministry of Labour regulates EPF schemes in India. It is the main scheme under the Employee Provident Fund and Miscellaneous Provisions Act,1952. Employee Provident Fund Organisation ( EPFO) …
EPF scheme: Worked for more than 20 years under …
WebThe interest rate applicable to the EPF contributions is 8.1% for FY 2024-23. What is Voluntary Provident Fund? Voluntary Provident Fund (VPF) aka Voluntary Retirement Fund is the voluntary fund contribution from the employee towards his provident fund account. This contribution is beyond the 12% of contribution by an employee towards his … WebMay 25, 2024 · The Employee Provident Fund (EPF) is a scheme run by the Employees’ Provident Fund Organization (EPFO), which is aimed at providing social security and … schecter tempest 40th anniversary
How does Employee Provident Fund (EPF) work? - ET Money Blog
WebThe contributions made to the Employees' Provident Fund (EPF) in India are eligible for tax benefits under Section 80C of the Income Tax Act. This means that the contributions made by the employee up to a limit of INR 1.5 lakhs per financial year are … WebMar 14, 2024 · In 1995, the Employee Retirement Income Security Act (EPS) was enacted, which allowed both current and new PF Pension members to participate in the programme. Employer and employee contributions to the Employee Retirement Income Security Act are each equal to 12% of the employee’s pay (ERISA). WebThe PPF Account interest rate is set by the Ministry of Finance on a quarterly basis. As far as the current PPF interest rate is concerned, for the quarter ending in June 2024, it has been fixed at 7.1% per annum. How to use a PPF … schecter telecaster guitars