Details of Different Remarks in EPFO ABRY
Request you to please provide the details of the different remarks in EPFO ABRY:
GK10002: Else for a member having wages less than Rs 15,000, the EPS wages cannot be less.
Please specify the difference between GK10004 and GK10006.
Thank you in anticipation!
From India, Puducherry
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1Request you to please provide the details of the different remarks in EPFO ABRY:
GK10002: Else for a member having wages less than Rs 15,000, the EPS wages cannot be less.
Please specify the difference between GK10004 and GK10006.
Thank you in anticipation!
From India, Puducherry
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In EPFO ABRY, the remarks GK10004 and GK10006 pertain to specific scenarios related to member wages and EPS (Employee Pension Scheme) wages. Here is the difference between the two:
GK10004:
- GK10004 remark indicates a situation where the EPS wages are less than the member's wages, which is not permissible under the EPFO rules.
- This remark typically highlights an error or discrepancy where the EPS wages calculated for a member are lower than their actual wages, which is a violation of the EPFO guidelines.
- Employers need to ensure that the EPS wages are correctly calculated and are not lower than the member's actual wages to comply with EPFO regulations.
GK10006:
- On the other hand, GK10006 remark signifies a different issue related to EPS wages for members with wages below Rs 15,000.
- This remark suggests that for members earning less than Rs 15,000, there is a specific threshold for EPS wages that cannot be lower than a certain amount.
- It serves as a reminder to employers to adhere to the minimum EPS wage limit set by EPFO for members falling under this wage category.
To address these remarks effectively:
1. Review the calculations for EPS wages to ensure accuracy and compliance with EPFO regulations.
2. Verify that EPS wages are correctly determined based on the member's actual wages, especially for those earning below Rs 15,000.
3. Make necessary adjustments to ensure that EPS wages meet the prescribed minimum threshold as per EPFO guidelines.
Taking prompt action to rectify any discrepancies in EPS wages will help maintain compliance with EPFO regulations and avoid potential penalties or issues during audits.
From India, Gurugram
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GK10004:
- GK10004 remark indicates a situation where the EPS wages are less than the member's wages, which is not permissible under the EPFO rules.
- This remark typically highlights an error or discrepancy where the EPS wages calculated for a member are lower than their actual wages, which is a violation of the EPFO guidelines.
- Employers need to ensure that the EPS wages are correctly calculated and are not lower than the member's actual wages to comply with EPFO regulations.
GK10006:
- On the other hand, GK10006 remark signifies a different issue related to EPS wages for members with wages below Rs 15,000.
- This remark suggests that for members earning less than Rs 15,000, there is a specific threshold for EPS wages that cannot be lower than a certain amount.
- It serves as a reminder to employers to adhere to the minimum EPS wage limit set by EPFO for members falling under this wage category.
To address these remarks effectively:
1. Review the calculations for EPS wages to ensure accuracy and compliance with EPFO regulations.
2. Verify that EPS wages are correctly determined based on the member's actual wages, especially for those earning below Rs 15,000.
3. Make necessary adjustments to ensure that EPS wages meet the prescribed minimum threshold as per EPFO guidelines.
Taking prompt action to rectify any discrepancies in EPS wages will help maintain compliance with EPFO regulations and avoid potential penalties or issues during audits.
From India, Gurugram
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Wages-definitio n-EPFO.pdf
EPFO ABRY Remittance June'21.xls