what i want to know is that if I have hired employees after 1 Sept 2014 and if their pay is more than Rs 15,000/- then I dont have to put anything for these new hires in EPS and that the entire employer share and employee share will go to EPF. Is this correct?

Dear Mr Addas P S,
Thanks for sharing the calculation sheet considering average salary as pas 60 months' salary. But in true sense it is not calculated by RPFC. They take the salary with effect from Nov 95 to Sept 14 as 6500/- and from Oct 14 as 15000/= per month and take weighted average for deriving pensionable salary. And last 60 months' average is not followed.
By this actual pension so calculated gets reduced substantially as major part of aforesaid calculation is from Nov 95 to Oct 14.
Please clarify whether this is followed uniformly across all RPFCs and they do not follow the rule of past 60 months' salary.
I have calculated in many cases of my company and found 60 months' average not followed so in no case, pension amount goes beyond 3100/- per month.
Please reply and we have to take a call as the guidelines not followed uniformly
S K Mahapatro

From India, Barhiya
Error Member is not a member of pension scheme. EPS contribution should be zero. found on line numbers
From India, New Delhi

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