Branch Head
Korgaonkar K A

Cite.Co is a repository of information and resources created by industry seniors and experts sharing their real world insights. Join Network
PFA circular dated 8.6.2018 issued by EPFO on the subject. Thanks
From India, Malappuram

Attached Files
File Type: pdf Pension_HigherWages_2896.pdf (486.3 KB, 399 views)

Hello I want to understand that higher wages means pension revision on the basis of revision in the wage after the retirement of the pensioners. Please help me to understand Thanks Rajan
From India, Faridabad
Dear Rajan ji,
I will explain you in very short.
Pension contribution is restricted on Rs. 15000 (earlier Rs. 6500). Pension is calculated on this pensionable salary.
What SC said, if you want more pension you have to contribute more. So you can now contribute more to get more pension, retrospectively, if your salary is more than threshold.
Hope you understand it.

From India, Mumbai
Could you please tell, where the admin charge of 1.16% on Pension Contribution beyond Rs.15000 is to be deposited? It has been mentioned in the ceircular that the admincharge on the ceiling wage i.e 15000 to be born by the employee itself.

From India
This discussion thread is closed. If you want to continue this discussion or have a follow up question, please post it on the network.
Add the url of this thread if you want to cite this discussion.

About Us Advertise Contact Us
Privacy Policy Disclaimer Terms Of Service

All rights reserved @ 2020 Cite.Co™