The interest rate of Employees' Provident Fund is notified by the government in each financial year. Salaried individuals contribute a fixed amount each month towards the Employee Provident Fund and a ...
The Employee Pension Scheme (EPS) plays a crucial role in ensuring employees' financial stability in their retirement years by providing them with lifelong pension benefits and social security.
If you're a salaried employee in India, you might have noticed a portion of your salary being deducted each month. This deduction contributes to the Employees’ Provident Fund (EPF), a ...
The Employee Provident Fund (EPF) is a retirement benefit scheme that allows salaried individuals to contribute some percentage of their basic salary and dearness allowance towards their retirement.
The Employees’ Provident Fund (EPF) stands as a crucial retirement savings scheme facilitated by the Central government, catering to both salaried employees and private sector workers. With monthly ...
EPFO Higher Pension Calculation 2023: If you are an EPF member from before 1st September 2014, you will soon have the option to contribute 8.33% of your Basic Salary and Dearness Allowance (if ...
A big uncertainty in re-calculating contributions to be eligible for higher pension is the amount of money you would need to keep aside if you opt for higher pension. The Employees’ Provident Fund ...
The Employees' Provident Fund Organisation for the third time has extended the last date to apply for the higher pension scheme till July 11, 2023. The EPFO subscribers are entitled to a pension at ...
For most salaried employees, the Employees’ Provident Fund is familiar territory, but the Employees’ Pension Scheme that sits inside it is not. Every month, a part of your employer’s EPF contribution ...
As per the EPFO rules, every establishment having 20 or more employees is mandated to offer EPF facility to its employees. Under the EPF scheme, the employee contributes 12 per cent of his basic ...
Employees Provident Fund (EPF) is a savings scheme under the umbrella of Employee Provident Fund Organisation (EPFO). The governing act for EPF scheme in India is the Employees’ Provident Fund and ...