EPFO

EPF interest rate for FY 2021-22 reduced to 8.10%

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 >>

Share

Recent Posts

  • Income Tax

Non issue of notice u/s 143(2) for even belated ITR filed u/s 148 makes assessment void ab initio

Non issuance of notice u/s 143(2) for return filed u/s 148 even though belatedly, makes the assessment framed bad in…

3 days ago
  • Insurance

Calculation of functional disability depends on victim’s earning capacity in open market – SC

Calculation of functional disability depends on assessing the victim’s earning capacity in the open, competitive market – Supreme Court In…

4 days ago
  • Income Tax

Appeal against ITAT shall lie only before High Court within whose jurisdiction AO is situated

Appeal against every decision of ITAT shall lie only before the High Court within whose jurisdiction the Assessing Officer who…

5 days ago
  • Excise/Custom

SC recommends action against Customs Officer who relied upon AI generated fake case laws

Supreme Court recommends action against Commissioner of Customs who relied upon non-existent AI generated case laws. Supreme Court recommends action…

6 days ago
  • Income Tax

Non- payment of cost imposed can’t trigger automatic confirmation of an invalid exparte assessment.

ITAT power to pass such orders "as it thinks fit" implies a judicial discretion to be exercised within the parameters…

1 week ago
  • Income Tax

Non-deduction of TDS does not make transaction as unexplained in the hands of deductee – ITAT

Mere non-deduction of TDS by the deductor on a transaction does not change the character of the transaction to make…

1 week ago