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Supreme Court Ruling on Higher EPS Pension by Nipasha Mahanta is a document available to read on EtoBox.

What is Supreme Court Ruling on Higher EPS Pension about?

The Supreme Court ruled that eligible employees can opt to contribute to the Employee Pension Scheme (EPS) on wages exceeding Rs. 15,000 per month, providing access to a higher pension benefit. The EPFO circular dated February 20th, 2023 clarifies the procedure for employees to exercise this option through an online application by May 3rd, 2023. If opted, monthly EPS contributions will be calculated on full wages without any ceiling, significantly increasing pension amounts but reducing monthly PF contribut

Author

Nipasha Mahanta

Language

EN