EPS errors are more common than most employees realise, and fixing them early can save months of confusion when you change jobs or file a claim.
If your employer has misreported Employees’ Pension Scheme contributions, new EPFO guidelines outline how mistakes will be corrected and money moved to the right account.
A guide to what you qualify for under EPS 1995, how your monthly pension is calculated, and the small rules that change the final number.
Till now, the withdrawal benefit was being calculated on the basis of the period of contributory service in completed years and the wages on which EPS contribution has been paid.
Moneycontrol has found seven stocks from the Nifty 500 index that are likely to double earnings next year. These stocks are Shree Cement, Ceat, ACC, JK Cement, BEML, Motilal Oswal Financial and Birla Corp
In the last leg of the market rally, sectors such as banks, real estate, auto, consumer staples and infrastructure have delivered superior earnings growth. In FY23, Nifty earnings grew 16 percent over the previous fiscal year.
Valuations are currently not as stretched as they were during the high of January 2022
Numerous hurdles such as lack of the option to withdraw the application if not satisfied with EPFO’s calculations, limited access to past salary data, and no return of investment option take some of the shine off this scheme. Still, it can be beneficial to some