WebDec 30, 2024 · Hence, the following pensioners can apply for higher pension: a) The pensioners who as employees had contributed on salary exceeding the then prevalent wage ceiling of Rs 5,000 or Rs 6,500; and b) Exercised joint option under the Employees’ Pension Scheme of the pre-amendment scheme while being members of EPS-95, and 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 …
How to Calculate Pension Under EPS (Employees Pension …
WebDec 18, 2024 · Illustration: Calculation of Pension for Scenario-1 (joined after 15.11.1995) Example 1. What pension Mr. X will get if he works for 14 years from 1 Jun 2015 with his average salary of Rs. 20,000 p.m. EPS Pension = Average Salary X Number of Years of Service. 70. EPS Pension = 15000 X 14 = 3,000 pm So Mr. X’s pension from 1 Jun … WebNov 5, 2024 · Employees who were existing EPS members as on September 1, 2014 can contribute up to 8.33 per cent of their 'actual' salaries —as against 8.33 per cent of the pensionable salary capped at Rs 15,000 a month — towards pension. The EPS, which is administered by the EPFO, aims to provide employees with pension after the age of 58. shooting shorts velcro belt
Employee Pension Scheme (EPS) - Calculation,Eligibility ... - Scripbox
WebFeb 7, 2024 · EPS formula: (Pensionable Salary * service period) / 70. Here, Pensionable Salary is capped at Rs 15,000 and service period at 35 years. Therefore, irrespective of … WebApr 8, 2024 · There seems to be no end to the challenges faced by the employees, who were in service on or after September 1, 2014, to ensure higher pension under EPS 95. Though EPFO has put in an online application link for employees to go for joint application with their employer however the have put in such conditions that a large number of … WebApr 13, 2024 · PF की बड़ी खबर PF अकाउंट के नाम पर हुई 80,000 रुपये की लूट//Eps-95 pension supreme Court latestnews #eps95news# ... shooting shorts