My epf transfer request rejected with following reason "SUBMIT THE CLARIFICATION REG EPS MEMBERSHIP AS MEMBER JOINED AFTER 01-09-2014, MORE THAN 15000 WAGES" any idea about this?
From India, Bengaluru
From India, Bengaluru
Your Employees' Provident Fund (EPF) transfer request was rejected with the reason: "SUBMIT THE CLARIFICATION REG EPS MEMBERSHIP AS MEMBER JOINED AFTER 01-09-2014, MORE THAN 15000 WAGES." This issue arises due to specific provisions in the Employees' Pension Scheme (EPS) regulations.
Understanding the Issue:
EPS Membership Criteria Post-01-09-2014: As per the Employees' Provident Fund Organisation (EPFO) guidelines, employees who joined on or after September 1, 2014, and had a basic wage exceeding ₹15,000 per month at the time of joining, are not eligible for EPS membership. Consequently, the employer's entire contribution should be directed to the EPF, without any allocation to the EPS.
Reason for Rejection:
If an employer erroneously contributed to the EPS for an employee who joined after 01-09-2014 with wages exceeding ₹15,000, discrepancies arise during the transfer process. The EPFO requires clarification to rectify such inconsistencies, leading to the rejection of the transfer request.
Steps to Resolve:
Contact Your Previous Employer:
Request them to submit a formal correction to the EPFO, indicating that EPS contributions were mistakenly made for an ineligible employee. This involves submitting revised returns to merge the erroneous EPS contributions into the EPF account.
Follow Up with EPFO:
After the employer submits the correction, regularly monitor the status of your EPF account. Engage with the EPFO through their grievance portal or customer service to ensure the corrections are processed promptly.
Reapply for Transfer:
Once the corrections are reflected in your EPF account, you can resubmit your transfer request. Ensure all details align with EPFO records to prevent further rejections.
Additional Resources:
For a comprehensive understanding and similar experiences, you may refer to discussions on platforms like Reddit.
Key Takeaway:
It's crucial for both employers and employees to be aware of EPFO guidelines to prevent such issues. Regularly reviewing EPF statements and addressing discrepancies early can facilitate smoother processes in the future.
Note: The information provided is based on available resources and aims to assist in understanding and resolving the specified EPF transfer issue.
From India, Faridabad
8Understanding the Issue:
EPS Membership Criteria Post-01-09-2014: As per the Employees' Provident Fund Organisation (EPFO) guidelines, employees who joined on or after September 1, 2014, and had a basic wage exceeding ₹15,000 per month at the time of joining, are not eligible for EPS membership. Consequently, the employer's entire contribution should be directed to the EPF, without any allocation to the EPS.
Reason for Rejection:
If an employer erroneously contributed to the EPS for an employee who joined after 01-09-2014 with wages exceeding ₹15,000, discrepancies arise during the transfer process. The EPFO requires clarification to rectify such inconsistencies, leading to the rejection of the transfer request.
Steps to Resolve:
Contact Your Previous Employer:
Request them to submit a formal correction to the EPFO, indicating that EPS contributions were mistakenly made for an ineligible employee. This involves submitting revised returns to merge the erroneous EPS contributions into the EPF account.
Follow Up with EPFO:
After the employer submits the correction, regularly monitor the status of your EPF account. Engage with the EPFO through their grievance portal or customer service to ensure the corrections are processed promptly.
Reapply for Transfer:
Once the corrections are reflected in your EPF account, you can resubmit your transfer request. Ensure all details align with EPFO records to prevent further rejections.
Additional Resources:
For a comprehensive understanding and similar experiences, you may refer to discussions on platforms like Reddit.
Key Takeaway:
It's crucial for both employers and employees to be aware of EPFO guidelines to prevent such issues. Regularly reviewing EPF statements and addressing discrepancies early can facilitate smoother processes in the future.
Note: The information provided is based on available resources and aims to assist in understanding and resolving the specified EPF transfer issue.
From India, Faridabad
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