EPS Full Form

EPS Full Form: What Does EPS Stand For?

Do you want to know what is full form of EPS is? Then, here you will come to know what Does EPS stand for? Also all possible Full Form of EPS.

EPS Full Form

The term EPS has many full forms, but out of which most relevant full form is-

EPS Full Form is – Employees Pension Scheme

The full form of EPS is “Employees Pension Scheme”. As we know that 12% of the basic salary and DA of the employees working in the company is deposited in EPF (Employees Provident Fund), and the same (12%) is also deposited by the EMPLOYER (Employer). Still, Very few people know that this EPS (Employees Pension Scheme) is also deposited in pension. Out of the 12% EPF deposited by the EMPLOYER (employer), 8.33 per cent goes to the EPS account, and it is received as a pension by the employee after attaining the age of 58 years. This is called EPS (Employees Pension Scheme).

But for this, there are some rules under EPS-95 such that the employee has to be a participant of EPF for at least nine years five months; that is, if any employee is employed in any company for 9.5 years or more, then he will be eligible for EPS. Becomes entitled and can apply for a pension on attaining the age of 58 years and can take advantage of this scheme. At present, 8.33 percent of the 12% EPF deposited by the employer is deposited in EPS, But the government is now trying to bring a voluntary pension scheme, under which the employee can get more pension than the currently employed pension, so let’s know more about pension in this block today.

How much money gets deposited in EPS?

As we mentioned that 12% from Basic Pay (BASIC) and DA of each employee is deposited in EPF and the same 12% is deposited by the employer of which 8.33 percent is deposited in EPS.

Who can take the benefit of EPS?

All employees who are associated with any organization sector and participate in EPF from their salary per month can take advantage of this scheme. If they work for 9.5 years or more in any one organization, then 58 years Can take advantage of pension on attaining the age of age, or if his tenure is less than this, he can withdraw the EPS deposited in his pension under EPF along with EPF.

What is Time limit to get the benefit of EPS?

Suppose an employee has contributed more than 9.5 years in EPF. In that case, he becomes eligible to benefit from pension, which is given EMPLOYEES PENSION SCHEME CERTIFICATE after the age of 58 years and by this certificate, he can get the use of a pension. If his tenure is less than 9.5 years, then he can withdraw EPS money under EPF.

How To Calculate EPS?

Calculation of EPS (EMPLOYEES PENSION SCHEME) Pension

Pension under the pension scheme is calculated with the help of this formula – the total number of years of work of the employee multiplied by the pensionable amount divided by 70

Suppose an employee is a participant in EPF in an organization for 15 years and his pensionable amount is ₹7000. So 7000 times 15 divided by 70

7000*15/70

=1500

Highlights of EPS (EMPLOYEES PENSION SCHEME) Pension

If an employee is a participant of EPF in any organization for more than 9.5 years, then he is eligible for EPS pension.

At the age of 58, if the employee is employed or is unemployed, then in both these situations, one can take the benefit of pension.

The pensioner will get this pension for life, and after his death, his spouse and two children whose age is less than 25 years will get it.

The pensioner can ensure who gets the pension after his/her death.

What is EPS Full Form in Cars?

Electric Power Steering

What Does EPS Stand For?

EPS stands for – Earnings Per Share

Earnings Per Share (EPS) is a financial measure equal to the ratio of the company’s net profit available for distribution to the average annual number of common shares.

Earnings per share is one of the main financial indicators used to evaluate a company on the stock market, to compare the investment attractiveness of companies and their effectiveness.

In order to calculate EPS correctly, it is important to determine the number of shares used in the denominator, taking into account all the changes in their composition during the year, as well as taking into account the effect of capital dilution.

The formula for calculation:

EPS (Profit – Dividends on Preferred Shares) / Number of Common Shares

FTP Full Form

What is Full Forms of EPS

Now, here is the complete Full-Form list of the term EPS.

FAQ’s

What is EPS Full Form in Banking?

Earnings Per Share

What is EPS Full Form in Medical?

Intracardiac Electrophysiology Study

What is EPS Full Form in Computer?

Encapsulated PostScript

What is EPS Full Form in Stock Market?

Earnings Per Share

Final Words:

I hope you get what you want to know about EPS. If you want to know the full forms of other term, then please ask by comments or email. Your valuable comments are always welcome.