The minimum age to start receiving a pension is 58, provided the employee has completed at least 10 years of service. A ...
The minimum pension under EPS is Rs 1,000 per month, while the maximum pension a member can receive is Rs 7,500 per month.
Currently, PF is calculated at 12% of basic salary. With basic pay and allowances now forming a larger portion of ‘wages,’ ...
1don MSN
Labour code overhaul: Wages redefined, gratuity and benefits to soar for millions of employees
Redefined wages under India’s new labour codes will boost gratuity, provident fund and other employee benefits, reshaping salary structures across sectors.
This historic change is part of the broader overhaul of 29 old labour laws into four modern Labour Codes, aimed at improving ...
India enacts four Labour Codes, replacing the existing 29 laws, to ensure minimum wages, social security for gig and migrant ...
The new Labour Codes expand gratuity eligibility to fixed-term and contract employees after one year of service and extend ...
2don MSN
EPFO may raise wage ceiling to Rs 25,000, bringing over 1 crore more workers into pension cover
Under the present rules, only employees earning up to Rs 15,000 in basic pay must be brought under EPF and EPS. Those earning ...
RETIREMENT may feel like a distant milestone to many, but the truth is, it is never too early to start preparing.
A guide to what you qualify for under EPS 1995, how your monthly pension is calculated, and the small rules that change the ...
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