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Actually, let us tell you that the Employees Provident Fund Organization has said a big thing about this decision by issuing a circular on June 21 by EPFO, due to which these employees will get the benefit of salary increase.

A very big update has been made by the Employees' Provident Fund Organization for the account holders here. Which is going to affect lakhs of memberships.

Let us tell you that the Employees Provident Fund Organization has decided to stop deductions under the Group Insurance Scheme i.e. GIC for government employees joining the job after September 1, 2013.

So, due to this decision of the government, GIC has been stopped for government employees. Due to which their salary may increase. However, this effect will be on the employees who join the job on a fixed date. So let us tell you about it here.

EPFO issued a circular and said this big thing

Actually, let us tell you that the Employees Provident Fund Organization has said a big thing about this decision by issuing a circular on June 21 by EPFO, due to which these employees will get the benefit of salary increase.

Along with this, they will also get back the amount deducted from September 2013 till now. The Employees Provident Fund Organization has said that the deductions being made under GIS from the salary of all the employees who joined EPFO ​​after 1.9.2013 should be stopped immediately. So, if you have joined the job here on this date, then you are going to get a bumper benefit.

Salary of employees will increase

So, due to this big update of the Employees Provident Fund Organization, GIS has been stopped for government employees, their salary will increase. Regarding this, experts say that due to the stoppage of deductions under GIS, the take-home salary of the employees will not only increase but they will also get other benefits.

Due to which, as before, deductions were made from the monthly salary of the employees as per their pay scale to fund the GIS. In such a situation, now the deduction will stop for these employees as this scheme is not implemented.

Due to which they will get net-in-hand salary in their account. However, it is worth noting that it is not yet clear how much the salary will increase. Due to which it can be known later.