My employee's salary details are as follows:
- Basic + DA = 15000
- HRA = 6000
- Conveyance Allowance = 1000
- Total Gross = 22000
Question: He is a new member, registering for EPF for the first time and has never been under EPF before. Is he eligible for EPS? Will the whole 12% employer contribution go to the EPF account?
Please guide me on the above matter in accordance with the notification released on September 1, 2014, for EPS wages of 15000.
- Basic + DA = 15000
- HRA = 6000
- Conveyance Allowance = 1000
- Total Gross = 22000
Question: He is a new member, registering for EPF for the first time and has never been under EPF before. Is he eligible for EPS? Will the whole 12% employer contribution go to the EPF account?
Please guide me on the above matter in accordance with the notification released on September 1, 2014, for EPS wages of 15000.