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Can you withdraw pension share of your EPF early? Know the rules
Mint Mumbai
|December 03, 2024
A low-down on how your provident fund contributes to Employee Pension Scheme, and what it means for you
If you're an employee contributing to provident fund, your employer might be allocating a portion of it to the employee pension scheme (EPS) each month. Many employees wonder how this scheme works and whether they can access this portion before reaching retirement age.
It's essential to understand the distinction between EPS and Employee Provident Fund (EPF). An employer deducts 12% of your basic salary plus dearness allowance, if any, from your monthly salary to contribute to EPF account. It may also include retaining allowance and the cash value of food concessions, if applicable.
Denne historien er fra December 03, 2024-utgaven av Mint Mumbai.
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FLERE HISTORIER FRA Mint Mumbai
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