Higher EPS pension calculation: Know the extra amount you need to pay, returns you will get; should you go for it?

The Employees’ Provident Fund Organisation (EPFO) has come out with clarifications for many doubts regarding computation of the shortfall in contribution and accrued interest for those opting for the higher pension scheme. The provident fund body has notified the replacement mechanism for 1.16% additional contribution that the members were required to pay on a wage…

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Netflix: How to transfer profile to a new account

Netflix officially began its crackdown on password sharing in the US. The streaming service is sending out emails to all US subscribers who share passwords with another user outside their household to limit the act. “Your Netflix account is for you and the people you live with — your household,” Netflix wrote in the email….

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India Records 552 Covid Cases In 24 Hours, 6 Deaths

The number of deaths has increased to 5,31,849 with six deaths which includes three fatalities reconciled by Kerala, the data updated at 8 am stated. New Delhi: India has recorded 552 new coronavirus infections while the active cases have decreased to 6,591 from 7,104, according to the Union Health Ministry data updated on Wednesday.The number…

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Does eligible employee have an exit option to get out of higher EPS pension application?

The Employees’ Pension Fund Organisation (EPFO) issued a circular on May 11, 2023, clarifying that eligible employees and pensioners are required to provide a written consent within a specified time limit to transfer or deposit the funds from their Employees’ Provident Fund (EPF) account to the Employees’ Pension Scheme (EPS) account. According to the circular,…

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