‘Keeping the address of the house ‘Lok Kalyan Marg’ does not bring welfare to the people…, : Rahul Gandhi

Judith Zeng

New Delhi: The Modi governing administration at the Centre has announced a minimize in the fascination level on Employees’ Provident Fund Deposits (PF Interest) for 2021-22. Now you will get a return on PF at an curiosity fee of only 8.1 for each cent. Yesterday, the Union Finance Ministry has provided data in this regard. Let me notify you that final calendar year, the level was 8.5 %. This is the cheapest level of curiosity deposited by staff members in their retirement money due to the fact 1977-78. The price of curiosity on employees’ provident fund that calendar year was 8 for each cent.  

 

Previous Congress Nationwide President Rahul Gandhi has focused the Modi governing administration in excess of the government’s choice. In his tweet, he wrote, “Trying to keep the address of the household ‘Lok Kalyan Marg’ does not convey welfare to the people today. The Prime Minister has carried out the ‘Increase Inflation, Decrease Earnings’ design to wreck the existing and future of 6.5 crore personnel. Retweeting Rahul Gandhi’s tweet, Congress chief Pawan Khera wrote, “In look at of his deeds, Saheb himself did not get the title ‘Lok Kalyan Marg’ that is why he is now constructing a thousand crore ‘Modi Mahal’ for himself. ‘

What is the regulation about EPFO?

Allow us know that 12 for each cent of the quantity that is created by including the basic salary and dearness allowance of an staff is credited to the pf account of the personnel. Of the company’s 12 for each cent contribution, 3.67 per cent goes to the employee’s PF account (EPF) and the remaining 8.33 per cent goes to the Employees’ Pension Plan (EPS). Let us know that the contribution of the business is divided into two pieces, a person section goes to the pension fund i.e. EPS and the other portion goes to the EPF.  

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