Higher pension under EPS can lead to lower EPF contribution; what to know before applying
The Employees' Provident Fund Organisation (EPFO) has extended the last date to apply for higher pension till 26 June 2023
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The Employees' Provident Fund Organisation (EPFO) has extended the last date to apply for higher pension till 26 June 2023
Every employee must pay 12% of their basic monthly pay and deferred compensation (DA) into the EPF. Then, the employer is also required to make a similar contribution.
Salaried employees can check their Provident Fund balance at home without the internet with these 4 ways.
Investors should note that the interest rate on PPF accounts is calculated on the minimum balance between the fifth day of the month and the last day of the month. Therefore, when one deposits the money before the fifth of every month, he can earn the interest for the entire month.
Financial tasks must be completed by 31 March to avoid penalties.