Have you ever wondered how much the PF money deducted from your salary each month will translate into a pension upon retirement? If not, this news is for you. Nearly 70 million people in the country ...

Planning for retirement is one of the most important financial steps for any working professional. Most employees believe that pension benefits under the Employees' Provident Fund Organisation (EPFO) ...

EPFO has reinstated the option for employees to link their pension scheme contributions to their full basic salary. This move ...

On September 1, 2014, EPFO capped the pensionable salary at Rs 15,000 per month (basic plus DA). This effectively limited the maximum EPS pension to Rs 7,500 per month, regardless of how high an ...

The EPFO has launched 15 historic reforms to simplify social security for millions of employees. Key updates include the consolidation of withdrawal rules into three simple categories, a 75% immediate ...

The Board approved a new simplified SOP on EPF Exemption, consolidating four SOPs and the Exemption Manual into a single ...

The Employees' Provident Fund Organisation (EPFO) has clarified rules around the higher Employees' Pension Scheme (EPS) ...

Under EPS, 8.33 per cent of the employer’s EPF contribution is diverted towards pension. When the wage ceiling was enforced, pensionable salary calculations were capped, significantly lowering ...

The compound interest is credited by EPFO on a monthly running balance basis at the statutory rate declared for each year. For 2024-25, EPFO declared an interest of 8.25%.