WebThe interest rate on PF for FY 2024-23 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 2024, the total PF contribution for April will be Rs. 2,350. There will be no interest earnings on PF for the month of April. WebSo, if the annual interest rate is 8.10%, the monthly rate is 8.10/12, or 0.675%. The interest earned will be totalled together and deposited in the EPF account at the end of …
PF Calculator - Employee Provident Fund (EPF) Calculator …
WebJan 1, 2004 · It is announced for general information that during the year 2024-2024, accumulations at the credit of subscribers to the General Provident Fund and other similar funds shall carry interest at the rate of 7.1% (Seven point one percent) w.e.f. 1st April, 2024 to 30th June, 2024. This rate will be in force w.e.f. 1st April, 2024. WebMar 27, 2024 · In March 2024, the government had declared 8. 1% EPF rate for 2024-22, the lowest level since 1977-78. It is expected that the interest levels will be maintained … jean schiffman
EPF Interest Rate 2024 - 8.15% for FY 2024-23 - NAVI …
WebSo, if the annual interest rate is 8.10%, the monthly rate is 8.10/12, or 0.675%. The interest earned will be totalled together and deposited in the EPF account at the end of the year. As a result, 0.675% of Rs.6268 is Rs.42.30, which is the second-month interest calculated on your EPF. WebEPF interest rate fixed at 8.15% for FY 2024-23 by EPFO; hikes interest rate by 0.05%. The Employees Provident Fund Organisation (EPFO) has fixed the interest rate at 8.15% for financial year 2024-23 as per the sources quoted by news agency PTI. WebMar 28, 2024 · Organizations suffering an annual loss much more as compared to their net value; Coir, guar gum, beedi, brick and jute industries; Organizations operating under the wage limit of Rs. 6,500; ... EPF interest rate retained at 8.50% for FY 2024-21 – Announced on March 4th, 2024. EPFO, on March 4th, 2024, announced the EPF rate of interest at … luxitude four chamber shower soap dispenser