EPFO’s New Formula for Calculating Higher Pension on Actual Salary (Circular June 2023)

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…

Should I Choose EPFO’s higher EPS Pension offer & contribute Lumpsum from EPF in 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…