Employee Pension Scheme (EPS) is a post-retirement pension plan guaranteed by the Government of India for the employees working in the organized sector. When an employee when joins an establishment covered under the Employees’ Provident Fund and Misc. Provisions Act,1952, he gets automatically enrolled for EPS. A member can start receiving a pension under EPS…
ELSS, short for Equity Linked Savings Scheme, is an open-ended, diversified mutual fund scheme in India. Investments made in ELSS tend to serve the purpose of tax saving and generate returns on the invested amount in the long term. Here’s what you should know about Equity Linked Savings Schemes : Equity Linked Savings Schemes are…
Central Government Health Scheme or CGHS is a model health care facility provider introduced by the Government, wherein all the central government employees and pensioners are offered healthcare facilities at government owned hospitals or polyclinics. The scheme is a one of its kind facility offered by the central government due to the large volume of…
With respect to extension of lockdown in the country, EPFO has decided to postpone the payment of March contributions till May 15. This decision is taken to provide relief to the subscribers of social security schemes run by the Employee Provident Fund Organisation (EPFO). The March contributions due on April 15 have now been extended…
