In EPF, an employee has to contribute 12% of his basic pay towards his provident fund account. An equal amount is contributed by his employer. Apart from contributing the normal 12% of his basic pay, employee may choose to put in contribute more than this, voluntarily he can do so at a...
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...
Here, the pensionable salary is the sum of basic pay and dearness allowance earned in the last 60 months, whereas pensionable service means the total number of years worked in the sector. Frequently Asked Questions + What are the benefits of opting for EPS higher pension scheme? The prim...
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Although I do not recommend it, I am happy to provide details about the revised EPS pension. First of all, you need to be a member of the EPS to be eligible for a revised pension. This means that if you are retired and only contributed up to Rs. 1250 per month in the EPS, it ...