Fri, Apr 19, 2024
Investors aiming to create a sizeable retirement corpus may opt for National Pension Scheme (NPS) or the Employees' Provident Fund (EPF). NPS is a voluntary contribution scheme where one can invest up to the age of 75. One can also withdraw 60 per cent of their corpus at age 60 and get a monthly pension for the rest of their annuities. EPF, on the other hand, provides a tax exemption on the maturity amount. EPF deposits up to Rs 1.50 lakh are tax free under Section 80C of the Income Tax Act.
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Mon, Sep 26, 2022
EPS 1995: Can a member of the Employees’ Provident Fund Organisation (EPFO) who has availed reduced pension at the age of 50 get his full pension after attaining 58 years of age. As per the rules of EPFO, once the pension is sanctioned, it cannot be altered
Thu, Aug 25, 2022
Pensionary benefits are dependent on the length of service and the average of last wages drawn. It does not depend on the actual amount lying in the pension fund account
Thu, Apr 18, 2019
If you are working as a government employee, you are entitled to get pension on monthly basis after your retirement. Barring government organizations, there are some large companies which also offer pension to their employees but not all employers do the same.
Sun, Feb 10, 2019
The new pension scheme promises to give Rs 3,000 per month to the labours working in the unorganised sector. However, there is a limitation in the scheme as workers above the of age 40 would not be eligible to join the scheme.
Wed, Jun 07, 2017
Retirement fund body EPFO has extended the deadline for submitting Aadhaar number to June 30 for its over four crore members. However, the deadline for submission of Aadhaar number would be September 30, 2017 in case of north-east states.
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