The revised draft of the direct tax code made public on Tuesday proposes substantial relief to individuals. Their long-term savings like provident fund life insurance proceeds
Government today said the modernisation project for online settlement of provident fund claim would be implemented by the next financial year in all EPFO offices.
Retirement fund manager EPFO's key advisory body Finance and Investment Committee (FIC) has recommended 8.5 per cent interest on provident fund (PF) deposits for 2010-11, the same return given to subscribers for the past five years.
Saving may get more attractive with a higher relief at Rs three lakh.
Government-owned lender State Bank of India has given a return of 9.7 per cent o
PF officials are understood to have planned to attach the personal bank accounts
Under pressure from employees and trade unions to raise interest rate, the EPF Board is meeting here on Tuesday to select a private financial player
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