The EPS pension amount is calculated using a specific formula: Pension = (Average Salary × Pensionable Service) ÷ 70. The ...

The Employees’ Pension Scheme (EPS), part of the Employees’ Provident Fund (EPF), provides salaried employees with a monthly pension after retirement, based on contributions made during their service.

New labour codes are set to redefine wage calculations, impacting salary structures, PF contributions, and gratuity payouts.

For most salaried employees, the Employees’ Provident Fund is familiar territory, but the Employees’ Pension Scheme that sits inside it is not. Every month, a part of your employer’s EPF contribution ...

EPF vs NPS Retirement Fund Calculations: After the new tax regime was implemented this April, a taxpayer's contribution to the National Pension System (NPS) came into the limelight. It was because the ...

Failing to transfer your EPF when you change jobs can cost you tax benefits, pension eligibility, and lakhs through lost ...

EPFO: Employees working in the private sector often harbor a fear about financial security in old age. But if your Provident ...

There has been concern that the new labour codes will reduce take-home salary due to higher PF calculations. However, the Labour Ministry has clarified that salaries will not shrink if PF deductions ...