New employees (who was not pf member previously) pf contribution is 1800 as his basic is more than 15k. And employers contribution is dividing in epf and EPS 550+1250.
My question is that is it correct to divide employers amount in this way regarding new employee as they are not eligible for eps as per the 1sept 2014 notification.
19th June 2018 From India, Kolhapur
Employee share of PF Contribution is Rs1,800/- (EPF Wages Rs15,000) Admitting that Employee has become PF Member Fresh/First Time
Epmloyer share of PF Contribution:EPF:550 EPS:1250
This is perfectly in order.Please perus ethe notification which you are referring once again.
If said Employees EPF Wages was more than Rs15,000 & EPF Contribution was more than Rs1,800/-, then it would have amounted to violation of Circulation.But in this case, it is perfectly in order.
20th June 2018 From India, New Delhi