If you're an employee contributing to provident fund, your employer might be allocating a portion of it to the employee pension scheme (EPS) each month. Many employees wonder how this scheme works and whether they can access this portion before reaching retirement age.
It's essential to understand the distinction between EPS and Employee Provident Fund (EPF). An employer deducts 12% of your basic salary plus dearness allowance, if any, from your monthly salary to contribute to EPF account. It may also include retaining allowance and the cash value of food concessions, if applicable.
Denne historien er fra December 03, 2024-utgaven av Mint Mumbai.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent ? Logg på
Denne historien er fra December 03, 2024-utgaven av Mint Mumbai.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
Why You Need To Sort Your Messed Up Sleep Schedule
For a healthy heart, having a fixed bed time is more crucial than the hours you sleep, claims a new study
Winter Likely To Be Mild With Fewer Cold Wave Days, Says IMD
Above-normal temperatures forecast over most of India from December to February
A little attention can build deep connections
To build a life filled with authentic relationships, be proactive, seek out like-minded people, and lend time and care to nurture your tribe
To master the deadlift, go the trap bar way
The trap bar may look clunky but it's a safe bet to practice a deadlift
Long live the revolution of life-altering AI technology
Synthetic biology could lead to several breakthroughs, including drugs that work much better on us
Mauritius is a strategic gateway for our collaboration with Africa
In Mauritius, India has a reliable and uniquely located partner that offers Indian businesses easy access to African markets
COP-29 cop-out: Clean power needs to gain further appeal
The world must help poor countries decarbonize their economies
Don't blame education gaps on policy settings
A divergence in public schooling might well have led India's economy to lag China's. But this should arguably be attributed more to complex social constraints than to any policy design
Our new political-economy consensus needs a rethink
The policies our parties agree upon are not reformist. The challenge is to chalk out an agenda that is
Honey, who shrank the chatbot? Even AI needs to count calories
Shrinkflation is old but what it's doing to artificial intelligence is new—if not all that surprising
