CURRENT AFFAIRS

2018

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

How many percentage did Union Government Notifies on PF For 2017-18?

A	9.5 %
B	12.5 %
C	8.5 %
D	16.5 %

Explanation:

Detailed explanation-1: -The EPF rate was 8.65% in 2018-19 and 8.55% in 2017-18. In 2016-17, the EPF interest rate was at 8.65%.

Detailed explanation-2: -The TDS rate has been reduced from 30% to 20% on taxable withdrawal of EPF for individuals who do not posses PAN. The government has decided to retain the EPF interest rate of 8.1% for the financial year 2021-22.

Detailed explanation-3: -The interest rate of 8.10% has come into effect and will be applicable to EPF deposits made between April 2022 and March 2022. Even though the interest is calculated monthly, it is only deposited to the Employees’ Provident Fund account once a year on March 31st of the applicable fiscal year.

There is 1 question to complete.