Here's how to calculate pension amount under Employees’ Pension Scheme
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Here's how to calculate pension amount under Employees’ Pension Scheme
Towards the provident fund, both the employer and the employee contribute 12 per cent each to the EPFO account every month. This cumulated share is then contributed to EPF and EPS. Out of the 12 per cent contribution by the employer, 8.33 per cent goes to the pension scheme and another 3.67 per cent is contributed to EPF every month.
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