Amitraje
5

Dear Forum, Could you please help me to understand why my pension contribution is ZERO since joining...i can see only provident fund contribution credited on a monthly basis. EPFO portal screenshot attached for your ready reference. Also note my Basic salary is above Rs.15000.
From India, Mumbai

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File Type: jpg EPF - Pension contribution is zero WHY.jpg (102.6 KB, 144 views)

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Madhu.T.K
Industrial Relations And Labour Laws
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Amitraje
Payroll Analyst - Shipping Industry
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Madhu.T.K
3768

For employees with salary of above Rs 15000, the pension is not applicable. The entire contribution payable by the employer will be credited to the employee's PF account. This is the practice as per the amendment of 2014.
From India, Kannur
RAVI RAKESH
1

As per my knowledge if your age is above 58 then your entire contribution will go to PF and no contribution to EPS.
From India, undefined

Attached Files (Download Requires Membership)
File Type: pdf Pf Notificatoin 2014.pdf (259.5 KB, 178 views)

Sherkhan B. Pathan
5

Dear Friend In the attached notification of PF office, there is no clause about the Zero pension. There should be at least Rs. 1000/- pension for the basic salary of Rs. 15,000/-
From India, Mumbai

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