DA Hike for July 2025: Crores of government employees (including central and state) eagerly wait for the dearness allowance (DA) hike as an increase helps their payouts meet rising inflation. The employees are more keen since this is set to be the last DA hike for the 7th CPC, which is set to end on…
The Employee Pension Scheme (EPS) is a pension scheme where employees receive a pension based on their years of service after the age of 58. Alternatively, you can take an early pension at 50 years of age. The pension fund is contributed to by both employers and employees. Let’s assume the salary of the individual…
The monthly pension of an employee is determined by the period of service, rounding up the number of years if the employee has completed six months or more. For example, 10 years and 7 months of service would be considered 11 years. Assuming an employee with a basic pay of Rs 79,000 and different periods…
The Employee Pension Scheme (EPS) is a retirement plan that provides a monthly pension to employees after age 58. You can also opt for an early pension at 50. Both employees and employers contribute to the pension fund. Let’s calculate the monthly pension for someone with a salary of Rs 84,000 and different years of…
The Supreme Court has directed the Mamata Banerjee-led state government in West Bengal to clear outstanding dearness allowance (DA) dues to eligible employees within the next three months, news agency Press Trust of India (PTI) reported on Friday. Source link
The Employee Pension Scheme (EPS) gives you a fixed income after retirement. You can start receiving a pension at 58 or opt for early pension at 50. If you leave your job 10 years before turning 58, you can withdraw the pension amount in one go at 58. Let’s calculate your monthly pension with a…