Provident Rule Changes For Employees Who Joined Post September 1st 2014 - CiteHR
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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

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