From "m_harish" : Hi all,
i have query whether an employee can contribute (above statutory contribution by employer) towards Pension Scheme under EPF & MP Act?
Presently, my employer contributes @ 8.33% of my salary (Basic Salary+DA) towards Pension Fund, subject to a maximum limit of Rs. 15,000/- Is it possible for me too to contribute (by way of deduction from Salary), apart from my employers contributions, to Pension Fund, so that i could get a higher pension on my retirement?
15th February 2017 From India, Bangalore

Glidor 282
better the employee select the NPS contribution for additional pension,
15th February 2017
swetley 5
Definitely the scheme provides that you can contribute above the statutory limit i.e. Rs. 15,000/- with Rs.1,250/- EPS contribution.
However, looking at the meagre pension doled out to members compared to the amount contributed during their service, it will not be wise to contribute higher amount.
16th February 2017 From India, Mumbai
A platform for business and professional insights. Register at Cite.Co and grow professionally with your peers around the world.

Disclaimer: This network and the advice provided in good faith by our members only facilitates as a direction towards the actions necessary. The advice should be validated by proper consultation with a certified professional. The network or the members providing advice cannot be held liable for any consequences, under any circumstances.

About Us - Advertise - Contact Us - RSS   On Google+  
Privacy Policy | Disclaimer | Terms Of Service
Facebook Page | Follow Us On Twitter | Linkedin Network