Income Tax

Breaking News : EPFO sets 8.15% interest rate on provident fund for this fiscal: Sources

The Employees Provident Fund Office (EPFO) has set the interest rate at 8.15 percent for provident fund for this fiscal, according to sources.

The EPFO had declared an 8.1 percent interest rate for 2021-22, which was the lowest in four decades. The last time the interest rate had slipped to 8 percent was in 1977-78.

The Ministry of Finance’s approval is required before the interest rate is officially declared in the government gazette, after which the EPFO will credit the interest rate into the accounts of its subscribers.

Disclaimer: The information provided in this post is based online sources. However, the reader is strongly advised to verify the information and check for any updates or corrections by referring to the official government notification or website. The author and publisher of this post do not guarantee the accuracy, completeness, or reliability of the information provided, and shall not be held responsible for any loss or damage caused directly or indirectly by the use of such information. The reader is solely responsible for any decisions or actions taken based on the information provided in this post.

Categories: Income Tax, Personal Finance

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