Declaration of rate of interest on EPF Account for FY 2021-22 Employee’s Provident Fund Scheme 1952 to credit interest @ 8.10% for the year 2021-22
EPF interest rate for FY 2021-22 reduced to 8.10%
The Ministry of Labour and Employment, Government of India has issued circular no. INV-11/2/2021-INV/4670 dated 3rd June 2022 conveying the approval of the Central Government under Para 60(1) of the Employee’s Provident Fund Scheme 1952 to credit interest @ 8.10% for the year 2021-22 to the account of each member of the EPF Scheme as per the provision under para 60 of the EPF Scheme 1952.
Read EPFO Order Click Here >>
- Object of assessment proceedings is not to find empirically correct solution on every fact issue – HC
- Penalty u/s 270A deleted as assessee filed revised computation during scrutiny
- Penalty u/s 271B for unfilled column 40 in Tax Audit Report Form 3CD deleted by ITAT
- Merely ex-parte rectifying computation without amending assessment order not make it nullity- ITAT
- Once assessee discharges primary onus, it shifts to AO to bring evidence to contrary – ITAT
