Surabhi Returns on provident fund contributions are likely to remain close to the 8.25% interest rate announced for last fiscal with a downward revision of a few basis points likely. The Central Board of Trustees of the Employees’ Provident Fund Organisation is set to meet on February 28 to discuss the interest rate on provident … Read more
The Central Board of Trustees of the Employees’ Provident Fund Organisation is set to meet on February 28 with the interest rate on provident fund deposits for 2024-25 likely to be the top agenda item.The formal agenda for the meeting is yet to be circulated; sources indicated that finalising the interest rate for the current … Read more
The Employees Provident Fund (EPF) investment is a retirement savings scheme. However, its contributions offer several tax benefits, making it an effective tool for saving on taxes. Contributing a portion of your salary to the EPF account every month allows you to enjoy multiple tax benefits and ensure a financially secure future. Investing in EPF … Read more
The reduction in interest rate on employee provident fund deposits underlines the need for the salaried class to start retirement planning early in the career and consider a diversified portfolio to invest their savings, say experts. “The magic of compounding works wonders in terms of quantum of savings and helps limit (to some extent) the … Read more