Good afternoon All, I have some query about EPF. My current company is sharing the Employer amount but not sharing the EPS amount. That means total amount is going into my saving amount. When I raised the query, the clarification came out from them " from 2014, who has been joined on EPF there is no pension contribution." Please clear me.
From India, Cuttack
3From India, Cuttack
Hi,
For employee whose salary(Basic+Da) is 15000/- then employer Pf 12% will be deducted and the same will be bifurcated as 3.67% PF + 8.33% in pension fund. If Employee crossed age 58 then the total 12% of employer share will be paid in PF account.
Hope it helps.
From India, Jabalpur
For employee whose salary(Basic+Da) is 15000/- then employer Pf 12% will be deducted and the same will be bifurcated as 3.67% PF + 8.33% in pension fund. If Employee crossed age 58 then the total 12% of employer share will be paid in PF account.
Hope it helps.
From India, Jabalpur
Hello,
As per employee Basic salary is above Rs.15000/- PM in his first employment, in this case pension is not applicable to him. once he become a PF member in his earlier company it necessary to continue PF and Pension deduction on Rs.15000/- in new company even his salary is above Rs.15000/- PM
Thanks
Ashok B
From India, Mumbai
As per employee Basic salary is above Rs.15000/- PM in his first employment, in this case pension is not applicable to him. once he become a PF member in his earlier company it necessary to continue PF and Pension deduction on Rs.15000/- in new company even his salary is above Rs.15000/- PM
Thanks
Ashok B
From India, Mumbai
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#Subject List: pension fund pf account pension scheme Country-India City-India-Cuttack
EPS.DETAILS OF PENSION SCHEME.docx
EPS Raised age limit under pension scheme from 58 to 60 (1).pdf
