2021
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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7%
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5%
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4%
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3%
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Detailed explanation-1: -EPFO approves diversification of investments to up to 5% of annual deposits.
Detailed explanation-2: -EPFO invests 85 per cent of its funds in debt instruments and the remaining 15 per cent in ETFs, in accordance with the investment pattern notified by the Centre.
Detailed explanation-3: -The central board of trustees of the Employees’ Provident Fund Organisation (EPFO) has approved the government’s proposal to allow the retirement fund body to invest up to 5% of its annual deposits in alternative investments funds including the infrastructure investment trusts (InvITs).
Detailed explanation-4: -Currently the retirement fund body invests 85 percent of incremental deposits in debt instruments, mostly “AA” or above securities. EPFO’s debt investments are worth about Rs 14.46 trillion. Starting 2015, the government allowed it to invest 5 percent of the investable deposits in equities.
Detailed explanation-5: -As per a recent update, interest accrued on EPF contributions which earlier used to be taxfree will now be taxable starting April 1, 2022. Interest earned on EPF contributions exceeding Rs. 2.5 lakh will be taxable starting April 1, 2022. For government employees, the limit has been set at Rs.