As per my knowledge when a emloyer contributes 12 % of the salary of the employee, 3.67% goes to the Pf account and 8.33% goes to the Pension Scheme.
Now if a person draws a salary of 20,000 and wants to be a member of EPF, the employee and emloyer will both contribute 12% of 15,000. But the emloyee cannot be a member of pension Scheme because the limit is 15,000.
So how will an emloyer contribute 12 % in this case. Because he does not have a Pension account. 3.67% of 15,000 will go to the P.F account but where will 8.33% of 15,000 be deposited?
Now if a person draws a salary of 20,000 and wants to be a member of EPF, the employee and emloyer will both contribute 12% of 15,000. But the emloyee cannot be a member of pension Scheme because the limit is 15,000.
So how will an emloyer contribute 12 % in this case. Because he does not have a Pension account. 3.67% of 15,000 will go to the P.F account but where will 8.33% of 15,000 be deposited?