Provident Funds

Govt slashes interest on GPF to 7.9% after decline in overall rates in financial system

In April this year, the government had retained the interest rate for GPF and other related schemes at 8 percent for the April-June quarter.

PFs, retail investors to figure in NSE's new debt segment

The bourse has already held mock sessions for the separate debt trading segment to familiarise market participants.

EPFO flip-flop: pay back excess interest

The EPFO is now getting in touch with present employers of such PF members and asking for refunds, as wrongful credits of excess interest were made to such member on their past PF balances.

Extension of tax waiver to private provident fund trusts likely

In the absence of waiver, annual accretion to the PF is considered part of salary and is thus taxable.