EPFO: More than 6.5 crore people of the country will get a shock! This thing is coming to light
For crores of people doing private jobs in the country, PF is a big support for the future. Along with getting higher interest in PF, one also gets the benefit of income tax exemption on investment. Now good news is not coming for PF account holders.
The news is that the interest on PF may be reduced in the future. If this happens, it will shock more than 6.5 crore people of the country. If reports are to be believed, the Central Government may take a decision to reduce PF interest.
This is being considered as the reason for EPFO incurring a deficit even after estimating a surplus during the financial year 2021-22. In fact, during 2021-22, it was estimated that EPFO would get a surplus of Rs 449.34 crore, whereas on the contrary it had to face a loss of Rs 197.72 crore.