The EPFO has released a circular in June 2023, which finally announces the new formula for computing pension on higher salary, instead of the existing statutory limits. That is, now we know what will EPFO use as pension calculation method…
Read More EPFO’s New Formula for Calculating Higher Pension on Actual Salary (Circular June 2023)
Should You Choose higher EPS Pension offer by EPFO & contribute a lumpsum from EPF in 2023? The EPFO subscribers have been in a dilemma about this over the last few months. And rightly so. The impact of the decision…
Read More Should I Choose EPFO’s higher EPS Pension offer & contribute Lumpsum from EPF in 2023?
The EPFO has INCREASED the EPF interest rate (Employees Provident Fund). The rates have been increased to 8.15% for FY2022-23. The rates earlier were 8.1% in FY 2021-22. So the answer to your questions about What is current EPF interest…
Read More EPF Rates Increased to 8.15% for FY2022-23 (from 8.10% earlier)
