Tue, Dec 17, 2024
EPS Pension Calculator: A private sector employee with an Employees' Provident Fund (EPF) account becomes eligible for Employees' Pension Scheme (EPS) on completion of 10 years of service. The pension is calculated on the basis of the pensionable salary and service.
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Wed, Dec 11, 2024
EPF vs NPS vs SIP: Employees' Provident Fund (EPF) and National Pension System (NPS) are two retirement-centric central government schemes. Systematic Investment Plan (SIP) is a method of investing in mutual funds that can also be used to generate a retirement corpus in the long run.
Mon, Dec 09, 2024
Employees' Provident Fund Organisation (EPFO), a statutory body under the Ministry of Labour and Employment, Government of India manages the EPF scheme. Employees are insured under this scheme, meaning if an employee dies while employed, their families receive a lump sum amount.
Mon, Jun 10, 2024
An employee can contribute up to 12 per cent of their basic pay and dearness allowance (DA) to their EPF account. The employer also contributes an equal amount to the employee's account.
Thu, Apr 04, 2024
The EPF scheme is run by Employees' Provident Fund Organisation (EPFO), which offers a 8.25 per cent interest rate. As per the EPFO rule, an employee can contribute a maximum of 12 per cent of the basic wages+ dearness allowance+ retaining allowance. The employer, meanwhile, also contributes 12 per cent of pay, out of which 8.33 per cent of the pay is diverted to pension fund and the rest 3.67 per cent goes to EPF. EPF is one of the few categories that enjoys the exempt-exempt-exempt (E-E-E) status from the Income Tax Department.
Mon, Sep 11, 2023
With the use of an EPF calculator, an EPFO member can estimate the corpus fund for retirement. The EPF maturity amount may depend on several factors like basic salary, age of entry, retirement age, and interest rate.
Sun, Mar 19, 2023
Paisa Wasool 2.0: National Pension System or Employees' Provident Fund, we answer which is the better tool as far post-retirement financial security is concerned.
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