mukesh saini
12

Can we will deduct pension amount on prorata,
for example: an employee is join a stablishment on 15 day of the month, his basic is 16000, in this he earned 8000/- for 15 days. we deduct pf on 8000 is Rs 960/- but in case of pension schem 6500 meximum limit. for 15 days is pensionable basic is Rs 3250/-. we deduct pension on Rs 3250/- is Rs. 271/-
pls suggest me as per pension scheme, that is right or ????????????

From India, Bareli
Jitendra Tomar
7

Dear Saini Due to PF act it is right to deduct his pension contribution. regards J tomar 9313353831
From India, Ghaziabad
abbasiti
517

Dear Mukesh Saini,
As per EPS-95, statutory ceiling of monthly salary is Rs. 6500/-. If not opted for in excess of Rs. 6500/-, you may not deduct beyond that. Means whether he has worked for one month or one day, salary will only be taken into account.
Abbas.P.S

From India, Bangalore
bhagwan_07
51

Dear Mukesh, there is no need to deduct pension contrbution separately when u r deducting PF contribution. Its the part of PF contribution. I do hope that u know the % of the same. Rgds
From India, Mumbai
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