Pension Under EPS-95: Anyone working in the organized sector in India is benefited by EPFO i.e. Employees Provident Fund Organization. It has provision for providing provident fund, insurance and pension. Both the employee and the employer contribute to it. EPFO is a government institution which is run by the Government of India. Every employee working in the organized sector has an account in EPFO. In which 12% of the salary is deposited. And the same contribution is made by the employer i.e. the company. But the contribution made by the…
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