This is the lowest interest rate since 1977-78 on deposits. Interest rate on employees provident fund at that time was 8%
The central government employees currently get tax deduction of 14% on investments made in the NPS.
Central government employees 14% get tax deduction on NPS investments.
Year-on-year comparison shows an increase of around 10.22 per cent in net payroll additions in October 2021
Total outstanding bonds are estimated to be around Rs 15,000 crore
Only a monthly contribution of Rs 500 may be required to join back
For establishments having more than 1,000 workers, the reimbursement is restricted to 12% of the employees' contribution
The (EPFO) will credit the interest amount to almost 60 million beneficiary accounts once the approval is officially communicated to the fund body.
MOSPI released payroll data showing 1.32 million new subscribers added to the Employees State Insurance Corporation, down from 1.33 million in July
The report also showed that the new subscribers with ESIC were 1.15 crore in 2020-21 as against 1.51 crore in 2019-20 and 1.49 crore in 2018-19