Srinath Sai Ram
Hr Manager
Hr Consultant

Thread Started by #sanithas2312

We mistakenly put under eps contribution for a new employee with salary greater than 15000and have no previous pf. Whether pension fund can be transferred to his pf account. Is it mandatory to join an employee under pf scheme if his salary is above 15000.
11th March 2017 From India, Hyderabad
Employer has to offer EPF to all employees, and it is up to employee to accept or decline from contributing, but the employee can not decline if 1) he has been EPF member in his past service/s 2) his basic + DA is below 15000 ( present ceiling limit)
11th March 2017
At the time of withdrawal, Submit-Form-10C for withdrawal of EPS Contribution lying therein which was erroneously remitted.Henceforth, Employer Share of EPF Contribution @12% should be remitted in A/C # 1
For EPS Wage Limit:mention as 0
15th March 2017 From India, New Delhi
Reply (Add What You Know) Start New Discussion

Cite.Co - is a repository of information created by your industry peers and experienced seniors. Register Here and help by adding your inputs to this topic/query page.
Prime Sponsor: TALENTEDGE - Certification Courses for career growth from top institutes like IIM / XLRI direct to device (online digital learning)

About Us Advertise Contact Us
Privacy Policy Disclaimer Terms Of Service

All rights reserved @ 2019 Cite.Co™