Skip to main content

Posts

Showing posts from July, 2022

Explained: EPF vs EPS

Hey buddies, haven't you wondered or confused regarding EPF & EPS, I'm sure you are so if your a fresher or at initial stages of your employment so lets dive into the content EPF Schemes: Plans for your Financial Future with your Employer “what is EPF wages?”  T he Employees’ Provident Fund (EPF) and the Employees’ Pension Scheme (EPS) are two programs put in place by the Indian government as a way of looking out for the interests of employees in the country. Simply put, these schemes are designed to help people plan and save money for their retirement. EPF schemes are also not optional: the government mandates that any company with over 20 employees put some money aside to take care of their employees’ future financial interests.  EPF wages means, in other words, a guaranteed store of cash and source of income after your retirement. Let’s dive into these programs in a little more detail now.  EPF: The Employees’ Provident Fund (EPF) is way for you and your employer...