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.
Bu hikaye Mint Mumbai dergisinin December 03, 2024 sayısından alınmıştır.
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Bu hikaye Mint Mumbai dergisinin December 03, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
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