Wednesday, February 21, 2018

Employees Pension Scheme

 


There is really a pension! At a summary level, one-seventieth of the PF wages (currently up to the maximum of 15,000 INR per month) for each year of service is the pension formula. There is a maximum of 50% of the PF wages and a minimum pension of 1,000 INR per month. One has to have at least 10 years of EPS contributions to qualify for a full pension at age 58. As the earnings threshold increases, so will the pension amount.

Many perceive the EPF as an important long term savings vehicle. With the EPFO and the benefits rapidly evolving, it is important that members actively monitor their EPF benefits in the future and the role it plays in their short and longer terms financial plans.






Invest Rs 1,50,000 and Save Tax up to Rs 46,350 under Section 80C. Get Great Returns by Investing in Best Performing ELSS Funds. Save Tax Get Rich

For further information contact SaveTaxGetRich on 94 8300 8300

OR

You can write to us at

Invest [at] SaveTaxGetRich [dot] Com

OR

Call us on 94 8300 8300

0 comments: