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The EPFO's top decision-making body is the Central Board of Trustees (CBT), [2] [3] a statutory body established by the Employees' Provident Fund and Miscellaneous Provisions (EPF&MP) Act, 1952. [4] As of 2021, more than ₹ 15.6 lakh crore (US$209 billion) are under EPFO management.
Legally, the EPF is only obligated to provide 2.5% dividends (as per Section 27 of the Employees Provident Fund Act 1991). [8] The EPF claims that the lowered dividend is the result of its decision to invest in low-risk fixed revenue instruments, which produce lower returns but maintains the principal value of its members' contributions.
Download QR code; Print/export Download as PDF; Printable version; In other projects Wikidata item; Appearance. move to sidebar hide. Employees Provident Fund or ...
In 2017 Union budget of India, 25% exemption of the contribution made by an employee has been announced as a form of premature partial withdrawal in NPS. [26] This amendment will take effect on 1 April 2018 and will, accordingly, apply in relation to the assessment year 2018-19. [27] [28] NPS is a market-linked annuity product. [29]
If a subscriber wants to choose this option, he must submit Form H to the bank where he has a PPF account within one year from the maturity date (before completing 16 years in PPF). With this option, the subscriber can only withdraw a maximum of 60% of his PPF amount (the amount in the PPF account at the beginning of the extended period) within ...
California could offer rebates for electric vehicle purchases if the incoming Trump administration eliminates a federal tax credit for people who buy electric cars, Gov. Gavin Newsom said Monday.
“In some form or fashion, whether it’s at our place, their place, we’re going to see the Chiefs again. Whether it’s the divisional round, the AFC championship, or whatever it may be, we ...
The Ministry of Labour & Employment is one of the oldest and most important Ministries of the Government of India.This is an India's federal ministry which is responsible for enforcement of labour laws in general and legislations related to a worker's social security. [2]