Cite.Co is a repository of information and resources created by industry seniors and experts sharing their real world insights. Join Network
Dear All,
The EPFO circular what Mr. Sanjiv Kumar Verma has been enclosed and point no. 8 of the said circular is a clear indication of non eligibility of EPS membership those who have joined employment on or after 01.09.2014 with more than Rs.15,000/- salary. My interpretation of the circular are as follows:-
1. Those who are member of EPS prior to 01.09.2014 will continue even their salary has been increased more than Rs.15,000/-
2. Those who have joined on or after 01.09.2014 and salary Rs.15,000/- or below will be the member of EPS and in future even their salary increase above Rs.15,000/- will continue.
3. Those who have joined on or after 01.09.2014 and salary is above Rs.15,000/- are not eligible for EPS membership. Their entire amount will be deposited to PF A/c only if the organization ready to pay voluntarily.
Thanks & Regds.,
S K Bandyopadhyay ( Howrah, WB)
+91 98310 81531
From India, New Delhi
The EPFO circular what Mr. Sanjiv Kumar Verma has been enclosed and point no. 8 of the said circular is a clear indication of non eligibility of EPS membership those who have joined employment on or after 01.09.2014 with more than Rs.15,000/- salary. My interpretation of the circular are as follows:-
1. Those who are member of EPS prior to 01.09.2014 will continue even their salary has been increased more than Rs.15,000/-
2. Those who have joined on or after 01.09.2014 and salary Rs.15,000/- or below will be the member of EPS and in future even their salary increase above Rs.15,000/- will continue.
3. Those who have joined on or after 01.09.2014 and salary is above Rs.15,000/- are not eligible for EPS membership. Their entire amount will be deposited to PF A/c only if the organization ready to pay voluntarily.
Thanks & Regds.,
S K Bandyopadhyay ( Howrah, WB)
+91 98310 81531
From India, New Delhi
This discussion thread is closed. If you want to continue this discussion or have a follow up question, please post it on the network.
Add the url of this thread if you want to cite this discussion.
Add the url of this thread if you want to cite this discussion.
#Listed In: family pension City-India-Ernakulam employer contribution pension scheme epf account pension fund pf account no pf family pension scheme employees pension scheme epf scheme Country-India
Egazette HIV AIDS Rule 2018 eng.pdf
Provident fund.zip
PROVIDENT FUND.rar
