The provident fund laws state that if an employee ... The formula for calculating EPS pension is: (Number of years of ...
It allowed employees who were members of the Employees' Provident Fund (EPF) on or before 31 August 2014 or had retired by that date to contribute 8.33% of their actual basic pay towards the EPS ...
In September 2014, the Centre had last fixed the minimum pension amount at Rs 1,000 under the Employees’ Pension Scheme (EPS) governed by the EPFO. Under EPF, employees deposit 12% of their ...
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