EPS Pension New Rule Know 30,000 X 30/70 How Much your EPFO Pension.
Employees Provident Fund Organization may soon decide to remove camping from EPS
Arguments have been presented on both sides it is difficult to say in whose favor the verdict will be.
The EPFO board may take a decision on the CBT on the monthly capping of Rs 15,000 for the Employees' Pension Scheme.
The Supreme Court will give its verdict today on the petitions of Union of India and EPFO.
The contribution of the basic salary in the Employees' Pension Scheme is 8.33 percent. However, the maximum limit of EPS pensionable salary is Rs 15,000. In such a situation, only a maximum of Rs 1250 can be deposited in the pension fund every month.
According to the rules, if the basic salary of an employee is 15 thousand rupees or more, then 1250 rupees will be deposited in the pension fund.
If the limit of Rs 15 thousand is abolished from EPS pension, then more than Rs 7500 pension can be received.
If the limit of 15 thousand is removed by Employees' Provident Fund Organization and your salary becomes 30 thousand then you will get pension according to the formula of (30,000 x 30) / 70 = Rs 12,857