Minimum Pension Under Employees’ Pension Scheme (EPS) 1995 The Government had, for the first time, provided a minimum pension of Rs.1000/- per month to the pensioners under Employees’ Pension Scheme (EPS), 1995 from 01.09.2014 by providing additional … [Read more...]
Extension of EPF contribution 24% for another 3 months
Cabinet approves the proposal to extend the EPF contribution 24% (12% employees share and 12% employers share) for another three months from June to August 2020 under PMGKY/AATMANIRBHAR BHARAT The Union Cabinet chaired by the Prime Minister Shri … [Read more...]
Lower EPF rates to be applicable for salary months of May, June and July 2020
The reduction in statutory rate of contribution from 12% to 10% for wage months May, June and July 2020 Ministry of Labour & Employment Lower rate of EPF subscription 10% with EPFO notified placing higher liquidity in the hands of employees and … [Read more...]