The central government may soon raise the wage ceiling limit under the Employees’ Provident Fund (EPF) scheme to Rs 21,000 from Rs 15,000 currently. The government last increased the wage limit ...

The letter underscored the oversight faced by EPS 1995 pensioners in light of this new initiative. Furthermore, the Chennai EPF Pensioners’ Welfare Association expressed its desire for the ...

There are many benefits of being an EPF subscriber — from tax-free withdrawals to insurance coverage — that ensure stability ...

An Employee Pension Scheme (EPS) is administered by the Employees' Provident Fund Organisation (EPFO) in India. In this retirement plan, both the employer and employee contribute a portion of their ...

EPFO announces potential Rs 9000 minimum pension for private workers. Find out how this change could impact your retirement benefits!

EPF withdrawals within five years of opening the account are subject to tax. However, if the withdrawal amount is less than ...

Also, the pension rules can change in future Higher pension calculation: EPFO announces formula for calculating higher pension on actual salary Higher EPS pension: The long-awaited method of ...

The EPFO calculates the pension amount on a pro-rata basis, splitting the service period into pre and post 1 September 2014 periods. The methadology can reduce a person's pension by up to 30%.

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 ...

Employees with at least ten years of service are entitled to benefits under the Employees’ Pension Scheme (EPS). Members who ...

India and the UK have restarted negotiations for a free trade agreement, which had been in limbo for almost a year due to the 2024 general elections in the two countries. Besides negotiating ...

The Employee Pension Scheme (EPS) is a retirement plan for working people in organized sectors. If you're an EPF member, you automatically become a part of EPS. The good news is that it's backed by ...