WebNov 3, 2024 · The Supreme Court on Friday upheld the amended Employees’ Pension Scheme (EPS), which caps the basic salary of an employee at Rs 15,000 a month for the pension component derived from it to be calculated. TO READ THE FULL STORY, SUBSCRIBE NOW NOW AT JUST RS 249 A MONTH. Key stories on business … WebNov 30, 2024 · Pension Increase: JANUARY 2024. The pension increase is determined after considering various factors, including the pension increase policy, the Rules of the Fund, …
EPFO members now eligible for higher pension: Should …
WebFeb 23, 2024 · The employee’s entire contribution goes to EPF, while the 12% contribution by the employer is split as 3.67% to EPF and 8.33% to EPS. The Government of India … WebNov 29, 2024 · If the retirement age is increased then the members will be able to save more and will also be able to get more pensions. The pension is greater by 4 percent, at 59 years. If an employee opts at 60 years then he will be entitled to 8 per cent higher pension. shut down setting windows 11
Higher pension from EPFO: How to fill up the new form, …
WebMar 1, 2024 · The Employees' Provident Fund Organisation (EPFO) issued circulars on December 29, 2024, and February 20, 2024, providing instructions to eligible employees … WebApr 12, 2024 · Every employee of India contributes 12 per cent of his basic salary and dearness allowance to the EPF account every month. For example the employee’s contribution will be 12% of Rs.60,000 i.e. Rs.7,200. That is, after retirement, you will continue to get Rs 7200 as pension throughout your life. Newsncr.com latest publishes news from … WebMar 3, 2024 · A step-by-step guide 1 min read . Updated: 03 Mar 2024, 07:26 AM IST Sangeeta Ojha The employee's entire contribution goes to EPF while the 12 per cent contribution by the employer is split as... shutdown settings windows 10 missing