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.
Every month, a portion of your salary is deducted for PF (Provident Fund), but most salaried individuals don't know where this money goes and how much they will receive after retirement. Many people b ...
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 ...
Retirement is a major milestone in every working person’s life. Along with emotional changes, financial security becomes the biggest concern. To ensure stability after retirement, the Employees’ ...
Under EPF, both the employer and the employee contribute to a pool of funds. The contribution from both stands at a maximum of 12 per cent of the basic salary and dearness allowance (DA) of an ...
Monthly pension: The Employees Provident Fund Organization (EPFO) offers its members a pension scheme under the Employees' Pension Scheme (EPS). Each member can get a monthly pension of Rs 10,000.
In addition to the pension, EPFO also offers life insurance and tax-saving benefits, making it a comprehensive support system for employees in the organised sector. (Image: Financial Express) EPF ...
Today is last day to apply for higher pension from EPFO If opted EPS contribution will be calculated based at 8.33% of the actual salary of the employee Read to know how to apply, eligibility criteria ...
If you are an EPF member, your employer also puts a share into the Employees’ Pension Scheme (EPS 1995). You generally need at least 10 years of pensionable service to get a monthly pension. Full ...