EPS, EDLISwhich covershow the contributions are calculated based on basic salary and dearness allowance,what are the EPF interest rate, how much would one save in EPF, how would one know about
Save in a company-run exempt fund, EPF Private Trust, recognised by the EPFOand which pays at least the same interest as the EPF. EPF Trust has to do the duties and responsibilities like EPFO. EPF Private trusts are formed by firms that manage the money and accounts of their workers them...
EPF and EPS corpus amounts post-retirement under both schemes are calculated using the above data and the interest rate offered by EPFO on EPF accumulations, which is assumed to be 7.5% per year. The monthly pension is calculated based on the following pension formula: Pension = (Pensionable...
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revised pension. This means that if you are retired and only contributed up to Rs. 1250 per month in the EPS, it is unlikely that will be going to get a revised pension. Simply because you are not eligible for it as you are no longer a part of EPS and there is no employer ...