Employee Provident Fund(EPF) is one of the main platforms of savings in India for nearly all people working in Private sector Organizations. This article is about what isEmployee Provident Fund(EPF),Employee Pension Scheme(EPS),Employees Deposit Linked Insurance Scheme (EDLIS),how the contributions...
The central government made an amendment to the EPS act and capped the EPS wages at ₹ 15,000 in 2014. According to this amendment, the maximum amount an employer can contribute towards EPS is 8.33% of ₹ 15,000 which is ₹ 1,250. Higher pension scheme Employees who joined EPFO be...