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Maximum salary Rs. 15 thousand-Rs. 21 thousand: Automatic expansion of pension limit with pension

Punnami Newsroom Published:

Story highlights

  • Government employee's favorite!
  • 73 lakh employees of the members will benefit Employees' Provident Fund Organization (EPFO)...
  • With the increase in the maximum salary limit to be implemented from the 27th of this month, 73 lakh additional employees of states earning salaries between Rs.

Government employee’s favorite! 73 lakh employees of the members will benefit

Employees’ Provident Fund Organization (EPFO)… With the increase in the maximum salary limit to be implemented from the 27th of this month, 73 lakh additional employees of states earning salaries between Rs. 15 thousand and Rs. 21 thousand will come under the EPF ambit. With this increase, the pension limit received at the time of retirement will also increase significantly. The EPFO has recently released guidelines and regulations. To this extent, the microblogging platform has clarified the progress of sending proposals to the secretariat that will provide relief to employees. At a time when the demands pending for seven years regarding pension departments are about to be fulfilled by the end of this month, it is ready to disclose the details on a single platform. The maximum salary in the pension limit like bonus pay and CA will increase. 12 percent of the salary of employees will be deposited in the EPF account. The employers will give the same percentage. This 12 percent is Rs. 15 thousand above the maximum wage limit… and from then on, Rs. 21 thousand will come into effect.

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