The Employees Provident Fund Organization has slashed the return on statutory savings to 8.25% for the current fiscal from 9.5% last year
Maneesh Kumar (B.Com M.Com STUDENT CWA IPCC) (507 Points)
16 March 2012The Employees Provident Fund Organization has slashed the return on statutory savings to 8.25% for the current fiscal from 9.5% last year
Manish Khandelwal
(Chartered Accountant)
(354 Points)
Replied 16 March 2012
it is a rubbish decision taken by the organisation in the era of inflation
RAMESH KUMAR VERMA
( CS PURSUING )
(43848 Points)
Replied 16 March 2012
In 2010-11, the EPF rate was raised to 9.5% from 8.5%, after the EPFO claimed it had discovered 'hidden reserves' of around Rs 1,700 crore.
Ramesh verma
freelance Journalist
CAclubindia
