Is My New Employee with a Salary Over 15000 Eligible for EPS and Full EPF Contribution?

ravi-saini1
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.
nanu1953
Eligibility for EPS Membership

The employee is eligible for EPS membership. On and after September 1, 2014, if any employee joins as a fresh candidate, they will be eligible for EPS membership up to Basic & DA ₹15,000/-. If the Basic and DA exceed ₹15,000 per month, then the entire contribution will be deposited into the PF account only.

There is a circular from EPFO in August 2014 regarding the above subject. One may search on the EPFO site to find the same.

S K Bandyopadhyay (WB, Howrah) CEO-USD HR Solutions
If you are knowledgeable about any fact, resource or experience related to this topic - please add your views. For articles and copyrighted material please only cite the original source link. Each contribution will make this page a resource useful for everyone. Join To Contribute