Hi all,
i have query whether an employee can contribute (above statutory contribution by employer) towards Pension Scheme under EPF & MP Act?
Presently, my employer contributes @ 8.33% of my salary (Basic Salary+DA) towards Pension Fund, subject to a maximum limit of Rs. 15,000/- Is it possible for me too to contribute (by way of deduction from Salary), apart from my employers contributions, to Pension Fund, so that i could get a higher pension on my retirement?
i have query whether an employee can contribute (above statutory contribution by employer) towards Pension Scheme under EPF & MP Act?
Presently, my employer contributes @ 8.33% of my salary (Basic Salary+DA) towards Pension Fund, subject to a maximum limit of Rs. 15,000/- Is it possible for me too to contribute (by way of deduction from Salary), apart from my employers contributions, to Pension Fund, so that i could get a higher pension on my retirement?