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Know how the pension will increase with the new rule of EPFO.

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 ₹ 1250 per month in EPS account with an income of ₹ 15000,8.33% of the employer's contribution to the employee's pension fund.

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 According to the new rule, the income of 40,000 thousand will be calculated ₹ 1468 deposited in EPF, ₹ 3332 in EPS under higher pension rule.

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 Employee Contribution to EPF- 12% Basic Income+DA Only 12% contribution from the employer. Total contribution of 24% in EPF account every month Of the 12% employer contribution, 8.33% goes to EPS EPS- Employee Pension Scheme

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 3.67% of 12% goes to the employee's EPF account.

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 Tenure - 35 years Current rule- (15000*35)/70= 7500/month New rule- (40000*35)/70=20,000/month

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 EPS-Advantages of Higher Pension Benefit of higher pension on retirement.

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 More benefits on having more basic income Social security will be strong after retirement.

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