New Delhi EPFO ​​New Update: If you are an EPFO ​​employee then this news can be very important for you. Let us tell you that recently EPFO ​​has started the process of applying for pension under the Employees Pension Scheme (EPS). The body handling this fund had said that both the employee and the employer would be able to apply for it. On the other hand, for information, let us tell you that in 2022, the Supreme Court had continued the Employees Pension Scheme in 2014.

Before this, the EPS amendment of August 22, 2014 had increased the pensionable salary limit from Rs 6500 per month to Rs 15 thousand per month. Along with this, permission was given to the members and their employees to contribute 8.33 per cent of their salary. But the board completely rejected it. But after many efforts, EFFO has agreed to it. After which it can be transferred this week.

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How much is contributed in PF account

Let us tell you that 12% of the salary and DA is deposited in the PF account. This amount is deposited by the employer of the employee. On retirement, the entire amount of the employee fund is received by applying interest. At the same time, 12 percent of the employee’s share is directly deposited in the EPF account. At the same time, the employer deposits 3.67 percent out of 12 percent in EPF and the remaining amount is deposited in 8.33 percent EPS account.

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Online registration facility is available

EPFO in an office order has informed about the handling of joint option forms by its field offices. EPFO said that a facility will be given. For which very soon the URL will also be told. After this, Regional PF Commissioner will give information through notice board and banner for public notice. As per the order, all the applications will be registered. will be logged in digitally and a receipt number will also be given to the applicant. It further states that the in-charge of the office will scrutinize all cases of joint option on higher salary. After this, the applicant will be informed about its decision through email and post and later through message.

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