Minimum Wage

PF Interest Declared for FY 2023-2024 – SGC Services

CA Nikhil GuptaComments Off on PF Interest Declared for FY 2023-2024 – SGC Services

In a recent notification issued by the EPFO (Employee Provident Fund Organization) with Notification No INV 11 2 2021 INV 1460 dated 31st May 2024, it has been declared that the rate of interest for the financial year 2023-2024 in the Provident Fund Account maintained with EPFO is 8.25%.

This announcement will impact all individuals who have a Provident Fund account with EPFO and will affect the interest earned on their savings for the specified period. It is important for account holders to take note of this update and plan their investments accordingly.

Thanks.

#TeamSGC #SGCSERVICES #PayrollOutsourcing

Visit us: www.sgcservices.com

FY_2023-24_8.25__Notification_of_ROI_for_FY_2023-24[1].pdf

CA Nikhil Gupta

Related Posts
Minimum Wage

Advisory for Payment of bonus to outsourced employees, employed through Contractors in NCT Delhi – SGC Services

CA Nikhil Gupta

The Government of NCT Delhi has issued an advisory regarding the payment of bonuses to outsourced employees employed through contractors. The advisory, issued under F No 15 46 Lab 2020 3401 3405, provides important information and guidelines for both employees and contractors involved in the outsourcing process. It is essential for all parties involved to […]
Minimum Wage

Revised Minimum Wages in Delhi from October 2024 – SGC Services

CA Nikhil Gupta

This is to inform you that the minimum wages in Delhi have been revised with effect from 1st October 2024. This means that workers in the capital city will now receive a higher minimum wage, ensuring better compensation for their hard work. The revision of minimum wages is a positive step towards improving the standard […]
Minimum Wage

West Bengal minimum wages – SGC Services

CA Nikhil Gupta

This is to inform you that the Minimum wages in West Bengal has been revised with effect from 01st July 2024. The amended rates for all the categories are as below:- WB Minimum Wages Rates for Shops and Establishment Effective for the period From 01/07/2024 to 31/12/2024 S.No Categories of Employees MONTHLY MINIMUM RATES OF […]