Why should you check if your EPF interest is credited on a regular basis

Quick Summary:

Recent tax rules state that interest on contributions exceeding Rs 2.

In a country where retirement savings form the backbone of financial security for millions of workers, the Employee Provident Fund (EPF) stands as a crucial pillar of social security.

The EPF interest is calculated on a monthly basis, but credited at the end of the financial year.

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Article Details

Category: BusinessFinance

Markets: India

Topics: Interest Credits EPF balance EPF interest compounding EPF interest tax Financial Security Tax Liability Retirement Planning EPF EPF account EPF Balance EPF interest delay EPF interest

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-11 @ 17:55:50 (2 days ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 508 words

Reading Time: 3 minutes read

Sentences: 19 lines

Sentence Length: 27 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 23515011

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About Business Standard

Main Topics: BusinessFinance

Official Website: business-standard.com

Update Frequency: 260 posts per day

Year Established: 1975

Headquarters: India

News Last Updated: 2 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +5:00

Content Availability: Worldwide

News Language: English

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Publisher ID: #49

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