New Delhi. Although, in this world of news, the movement of uncountable news continues, but if you too do a personal job of 8 hours in an office like us, then believe me, after being aware of this news, you can get a big shock. You will be surprised but if you are sensitive, then believe me you may also be upset, because Union Finance Minister Nirmala Sitharaman has reduced the Employees’ Provident Fund ie EPFO from 8.5 percent to 8.1 percent. After this decision, all those people are going to get a big blow, who work and earn EPFO deducted in their salary for their future. He further said that the rate was not reduced for 40 years and the newly reduced rate reflects today’s realities. Rates are even lower on other small savings schemes.
However, now after this decision of the government, what is the reaction from the employed people. For now, only time will tell. But, before that you should know that Union Finance Minister Nirmala Sitharaman said in the Upper House of Parliament that there has never been any reduction in the rate in the last 40 years. Keep in mind that after many years the above announcement has been made by the Union Finance Minister. Come, let us know in the next report that what have been the rates of EPFO in the last years before this.
- FY 2015- 8.75
- FY 2016- 8.80
- FY 2017 – 8.65
- FY 2018 – 8.55
- FY 2019 – 8.65
- FY 2020 – 8.50
- FY 2021 – 8.50
- FY 2022 – 8.10
So after knowing all this, if the question is arising in your mind that what is EPFO, then you should know that EPFO is a central agency board, which works to decide what should be the rate. So after being aware of the above news, what do you have to say on this decision. Don’t forget to tell us by commenting. Till then, keep reading to be aware of all the big news of the country and the world. anytv.com….