Raise of EPF interest rate by a per cent to 9.5 for 2010-11. - ALLCGNEWS

ALLCGNEWS

Central Government Employment News

Post Top Ad

10 December 2010

Home EPFO Raise of EPF interest rate by a per cent to 9.5 for 2010-11.

Raise of EPF interest rate by a per cent to 9.5 for 2010-11.



   The additional quantum of interest on Employees Provident Fund deposits would be exempted from income tax, the Lok Sabha was informed today.

   The provident fund trustees had on September 15 decided to raise the EPF interest rate by a per cent to 9.5 for 2010-11.

"The matter has been discussed with Finance Ministry and they have informed that they will revise the notification to 9.5 per cent once it is approved by the Government," Minister of State for Labour and Employment Harish Rawat said in a written reply.
  
   The decision taken by the Central Board of Trustees of EPF to raise the interest rate would benefit 4.71 crore employees in both public and private sectors.

source-PTI

Tags
Posted by at
TAGS

No comments:

Post a Comment

Feel free to drop your comments and suggestions

Subscribe to: Post Comments (Atom)

Disclaimer

The contents and information given in this blog are purely informative in nature and should not under any circumstances be taken as authority. Allcgnews blog may contain typographical errors in its contents. All efforts had been made to ensure accuracy of the content on this blog. The same should not be construed as a statement of law or used for any legal purposes. ALLCGNEWS accepts no responsibility in relation to the accuracy, completeness or otherwise, of the contents. Users are advised to verify/check any information with the relevant departments and to obtain any appropriate professional advice before acting on the information provided in the blog. We cannot guarantee the availability linked pages at all times.

Post Top Ad