Pension Contribution ??????

mukesh saini
Can we will deduct pension amount on prorata,
for example: an employee is join a stablishment on 15 day of the month, his basic is 16000, in this he earned 8000/- for 15 days. we deduct pf on 8000 is Rs 960/- but in case of pension schem 6500 meximum limit. for 15 days is pensionable basic is Rs 3250/-. we deduct pension on Rs 3250/- is Rs. 271/-
pls suggest me as per pension scheme, that is right or ????????????
Jitendra Tomar
Dear Saini
Due to PF act it is right to deduct his pension contribution.
regards
J tomar
9313353831
abbasiti
Dear Mukesh Saini,
As per EPS-95, statutory ceiling of monthly salary is Rs. 6500/-. If not opted for in excess of Rs. 6500/-, you may not deduct beyond that. Means whether he has worked for one month or one day, salary will only be taken into account.
Abbas.P.S
bhagwan_07
Dear Mukesh,
there is no need to deduct pension contrbution separately when u r deducting PF contribution.
Its the part of PF contribution.
I do hope that u know the % of the same.
Rgds
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