NPS is more beneficial than EPF Is NPS better than EPF? The NPS is more complicated than EPF, but it may ensure a sufficient retirement kitty If there’s one investment option that has received generous tax breaks in the Budget, it is the National Pension System (NPS). In a watershed move, the … [Read more...] about NPS is more beneficial than EPF
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Employees Provident Fund
Employees Provident Fund(EPF) to be Provided two Options
Employees Under the Employees Provident Fund(EPF) to be Provided two Options The Union Finance Minister Shri Arun Jaitley has announced that with respect to Employees Provident Fund (EPF), the employee needs to be provided two options. Firstly, the employee may opt for EPF or the New Pension … [Read more...] about Employees Provident Fund(EPF) to be Provided two Options
Dedication of Portability through Universal Account Number (UAN) for Employees Provident Fund
“The minimum pension for employees has been introduced first time so that employees’ pension is not less than Rs. 1000 per month. The wage ceiling has been raised from Rs. 6500 to Rs. 15000 per month to ensure that vulnerable groups are covered under EPF Scheme”. Under the scheme complete … [Read more...] about Dedication of Portability through Universal Account Number (UAN) for Employees Provident Fund
Launching of Minimum Pension Scheme (Rs.1000) across 120 locations in India
Central has announced the launch of a guaranteed minimum pension of Rs 1000 per month under Employees’ Pension Scheme, 1995. Labour Minister Shri Tomar announces launch of Minimum Pension Scheme across 120 locations in India 37 Union Ministers to felicitate pensioners on September 30 The Union … [Read more...] about Launching of Minimum Pension Scheme (Rs.1000) across 120 locations in India