If you are also an employee, then there can be a bumper increase in your salary. There is going to be a big increase in your income in the year 2023. Let us tell you that these days there is talk of implementing the old pension scheme across the country. Let us tell you that under which plan the government is going to increase the salary and pension.

Let us tell you that in the midst of the demand for the restoration of the old pension, the government is planning to increase the minimum salary limit of the employees. In the year 2023, a big lottery for the employees is going to be held. It is believed that the government will directly increase the minimum salary from Rs 15,000 to Rs 21,000.

PF contribution will increase

Let us tell you that after increasing the minimum salary limit of the employees, there will be a bumper increase in the pension. Before this, last time in the year 2014, the government had increased this limit. At present, in the new year, the government is planning to increase the salary once again. With the increase in salary, the contribution to PF will also increase and at the same time the pension will also increase.

How much will the contribution of PF increase

Talking about the contribution of Provident Fund, the minimum salary is calculated at Rs 15,000, due to which only a maximum of Rs 1250 can be contributed to the EPS account. If the government increases the salary limit, then the contribution will also increase. After the increase in salary, the monthly contribution will be Rs 1749 (8.33% of Rs 21,000).

The post Pension and Salary Rules: Pension and salary will increase on this day, the government has decided! first appeared on Rightsofemployees.com.