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)
From India, New Delhi
334The 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)
From India, New Delhi
Community Support and Knowledge-base on business, career and organisational prospects and issues - Register and Log In to CiteHR and post your query, download formats and be part of a fostered community of professionals.
Egazette HIV AIDS Rule 2018 eng.pdf
Provident fund.zip
PROVIDENT FUND.rar