The rate of interest for the FY 2020-2021 is 8.5%.(Mint) The Central Board of Trustees of Employees' Provident Fund Organisation (EPFO) has recommended an 8.50% annual rate of interest to be ...

Declared EPF interest rate. The annual EPF interest rate is announced by the Employees’ Provident Fund Organisation (EPFO). For the financial year 2023-24, the EPF interest rate stands at 8.25%.

Provident Fund Calculation Formula. Once the interest rate for any Financial Year is notified, and the current year ends, the month wise closing balance is calculated.

Employees Provident Fund (EPF) is a savings scheme under the umbrella of Employee Provident Fund Organisation (EPFO). The governing act for EPF scheme in India is the Employees’ Provident Fund and ...

So, the sum of Rs 20,000 would be considered for the calculation. The interest accrued would be Rs 135.83 (20000 x 8.15 per cent)/12, which would be rounded off to Rs 136. A similar calculation has to ...

EPF Retirement Corpus Calculator: Employees' Provident Fund (EPF) is a retirement scheme where private sector employees get a ...

EPFO eases higher pension rules: Formula for calculation, list of documents, other details that you should know Employees have only 12 days left to apply for a higher EPS pension, with the EPFO ...

The scheme run by Employees' Provident Fund (EPFO) offers a lump sum amount at retirement in the form of a monthly pension. The employer also contributes an equal amount to the employee's account. The ...

The Employees’ Provident Fund Organisation (EPFO) has now specified the method for computing pension based on one’s actual salary, instead of the statutory limit of Rs 15,000. According to the ...

Employees Provident Fund contribution (EPF) calculation: Know how much an employee with 25% basic pay may get on retirement from EPFO. Written by PF Desk Updated: April 28, 2023 13:19 IST ...

This calculation is determined by using the formula: (Pensionable Salary X Pensionable Service)/70 = (15,000 x 35)/70 = Rs 7,500. Eligibility for EPF pension ...