Month: May 2023

Higher EPS pension calculation: Know the extra amount you need to pay, returns you will get; should you go for it?

The Employees’ Provident Fund Organisation (EPFO) has come out with clarifications for many doubts regarding computation of the shortfall in contribution and accrued interest for those opting for the higher pension scheme. The provident fund body has notified the replacement mechanism for 1.16% additional contribution that the members were required to pay on a wage […]

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