CURRENT AFFAIRS

Detailed explanation-1: -For the FY 2019-20, the interest rate notified is 8.5%. 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-2: -Current EPF Interest Rate 2022-23 The current EPF interest rate stands at 8.10%. This interest rate is valid for all the transactions made from 1st April 2022 to 31st March 2023.

Detailed explanation-3: -The government has approved an 8.1 per cent interest on EPF deposits for the 2021-22 fiscal ended March 31 to over 5 crore subscribers.

Detailed explanation-4: -Allaying fears of crores of its subscribers, the Employees’ Provident Fund Organisation (EPFO) has said that it has started crediting interest for the financial year 2021-22, and there will be no loss of interest.

Detailed explanation-5: -EPFO interest credit for 2021-22 news The Employees’ Provident Fund Organisation (EPFO) has begun the process of crediting interest for 2021-22 from Monday (October 31). The credited interest will soon reflect in the UAN/EPFO accounts of beneficiaries.