The need of the hour is a thorough overhaul of the Indian Pension System. The ultimate solution may not be going back to the pre-2004 government pension system or going ahead with the hurriedly introduced NPS, but something in between.
Notifications
- Leave encashment tax benefit limit revised from 3 lakhs to 25 lakhs effective 1st April 23
- EPFO circular dated 9.5.23 regarding validation joint option – Higher Pension
- EPFO provided delete facility while applying for higher pension online if want to correct errors and submit fresh application
- For employees found eligible for higher pension, employer contribution is increased to 9.49%
- Provisions related to rate of PF Contribution under social security code 2020 enforced from 3.05.2023
- EPFO extends date for filing higher pension applications
- Revised Haryana Minimum Wages from 1.01.2023
- Goa Factories Amendment Act 2023
- Punjab Shops Act Amendment Rules 2023
- EPFO circular about scrutiny of higher pension proposals
- Delhi Revised Minimum Wages w.e.f. 1.04.2023
- Bihar Revised Minimum Wages from 1.04.2023