EPS Rule Change: Know how much your EPFO pension will be now.

The decision on EPS was stuck for a long time on removing the capping on EPS, now in whose favor this decision will come.

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Due to the lack of funds with the Employees' Provident Fund Organization, this matter has been stuck for a long time.

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The contribution of basic pay in EPS is 8.33%. However, the maximum limit of EPS pensionable salary is Rs 15,000. -

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In such a situation, only a maximum of Rs 1250 can be deposited in the pension fund every month.

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As per the upcoming new EPS rule

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Check Mode: Online

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According to the retired Enforcement Office of Bhanu Pratap Sharma, if the limit of Rs 15 thousand from EPS pension is abolished, then more than Rs 7,500 can be got pension.

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Formula for EPS calculation = Monthly Pension = (Pensionable Salary x No. of Contribution to EPS Account)/70.

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If you want to withdraw the amount of Employees Pension Scheme, then you can withdraw your amount at any time

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Employees' Provident Fund Organization will transfer PF interest as a gift to the subscriber

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Check Link

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EPS Rule Change: Know how much your EPFO ​​pension will be now.