What is the interest rate of Dsopf?
8.8\% per annum
DSOPF is a very flexible instrument which provides tax exemption under Income Tax Section 80C up to a maximum of Rs 1 Lakh. The rate of interest is also reasonable at 8.8\% per annum, though it is bound to go down now since the general interest rates in the economy as such are headed southwards.
Is interest on DSOP taxable?
The interest gained on these bonds is completely tax-free which makes it a suitable choice. These bonds are long-term investments as the tenor is usually of 10-20 years. So, ensure that you can keep aside those funds till the maturity date.
What is the interest rate on Army provident fund?
EPF is a compulsory retirement saving option that is available to salaried people in the organised sector. In this case, contributions are made by both the employee and the employer. The interest rate on EPF for FY 2020-21 is 8.5\%; the governemtn is yet to declare the rate for FY 2021-22.
Is EPF and DSOP same?
Funds are different from the EPF. The D.S.O.P. Fund and the A.F.P.P. Fund (I) 1962 [Contributory Provident Fund (India) 1962] Rules, while the EPF is managed by the Employees’ Provident Fund Organization (EPFO).
What is the rate of interest on provident fund?
The government has approved 8.5\% rate of interest on employees’ provident fund for the 2020-21 fiscal, a source said. Just ahead of Diwali, this is a good news for over five crore subscribers of the Employees Provident Fund Organisation (EPFO).
How is PF calculated in retirement?
Employee Provident Fund (EPF) is a retirement benefit scheme governed by Employee Provident Fund Organisation (EPFO). Both employer and employee contribute to the scheme throughout the tenure of the employment….EPF Interest Rates.
| Year | EPF Interest Rate |
|---|---|
| 2016-17 | 8.65\% |
| 2107-18 | 8.55\% |
| 2018-19 | 8.65\% |
| 2019-20 | 8.50\% |
https://www.youtube.com/watch?v=0WGe_xKpIAk