Dear Friends,
I have a little confusion I want to know if International Employees are covered or not in EPS. As per my knowledge, any employee who becomes a member from 1st September 2014 will not be covered in EPS. However, I don't have a copy of any circular; I only found this information on the internet.
So, please, if someone has the circular, kindly share it with me.
Thanks
From India, Delhi
I have a little confusion I want to know if International Employees are covered or not in EPS. As per my knowledge, any employee who becomes a member from 1st September 2014 will not be covered in EPS. However, I don't have a copy of any circular; I only found this information on the internet.
So, please, if someone has the circular, kindly share it with me.
Thanks
From India, Delhi
the amendment was only for domestic employees, rules stands same for international workers as earlier.
From India, New Delhi
From India, New Delhi
Dear Arvind , Please find the attached file for your desired information. Mohit Singh Mob. No. 9785060066
From India, Gurgaon
From India, Gurgaon
Dear Mohit I also got this EY alert but didnt have any notification or EPFO released document, I want any notification to confirm this EY alert, Thanks
From India, Delhi
From India, Delhi
1) International workers to get PF advances or not (if yes or not). If yes, which para & scheme (EPF). If no, which para & scheme (EPF).
2) If an international worker wants to settle the amount through the employer, then what documents need to be submitted to the EPF office.
From India, Hyderabad
2) If an international worker wants to settle the amount through the employer, then what documents need to be submitted to the EPF office.
From India, Hyderabad
Dear Shrikant ji, you may be right, and all of us are right, but without documents, how can we justify the same? If you have read my post, I have used the word "confusion" because I don't have a legal document for the same. I have searched a lot but received only the EY Notification, and in the EPFO E return tool data entry detail, PF is asking for any notification or signed documents. As you are asking about the Gazette Notification, please help me search for it as I have put in a lot of effort, but I have found no result.
From India, Delhi
From India, Delhi
Notification: [URL] http://www.epfochennai.tn.nic.in/pdf/RO_IW_guidelines.pdf
Definition of international workers: [URL] http://www.epfindia.com/site_docs/PDFs/Circulars/Y2017-2018/IWU_Definition_InternationalWorker_5041.pdf
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From India, Mumbai
Definition of international workers: [URL] http://www.epfindia.com/site_docs/PDFs/Circulars/Y2017-2018/IWU_Definition_InternationalWorker_5041.pdf
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From India, Mumbai
More info at EPFO || International Workers
Please let me know if you need any further assistance.
From India, Mumbai
Please let me know if you need any further assistance.
From India, Mumbai
Dear Shrikant Ji,
Thank you, but you haven't read my thread properly before replying. I know every international employee has to pay PS on gross salary, effective from 1st Nov 2008, as mentioned in the notification issued on 7th Jan 2009. However, I am speaking about the notification effective from 1st September 2014.
From India, Delhi
Thank you, but you haven't read my thread properly before replying. I know every international employee has to pay PS on gross salary, effective from 1st Nov 2008, as mentioned in the notification issued on 7th Jan 2009. However, I am speaking about the notification effective from 1st September 2014.
From India, Delhi
Dear All,
Please find EPS Circular dated 29/08/2014, according to which new EPF members whose entry-level EPF wages are more than Rs15,000/- cannot become members of EPS. However, those who are already EPF members in their previous employment and have not withdrawn PF amount can continue to be members of EPS, irrespective of their EPF wages being more than Rs15,000/-.
Thank you.
From India, New Delhi
Please find EPS Circular dated 29/08/2014, according to which new EPF members whose entry-level EPF wages are more than Rs15,000/- cannot become members of EPS. However, those who are already EPF members in their previous employment and have not withdrawn PF amount can continue to be members of EPS, irrespective of their EPF wages being more than Rs15,000/-.
Thank you.
From India, New Delhi
Here is the EPFO notification confirming that any IW joining establishment on or after 01.09.2014 is not entitled to join the EPS scheme.
From India, Bengaluru
From India, Bengaluru
Dear Seniors,
With respect to this notification from the PF office, one query has been raised by our external auditor. If an employee's basic salary is more than 15,000/- and he is a fresh PF member, is it compulsory to make him an EPS member and allocate his funds to PF and EPS? Suppose an employee's basic salary is more than 15,000/- at the time of becoming a PF member, and we restricted his contribution up to 15,000/-. In such a case, do we need to pay EPS also? The external auditor is saying that since we have restricted the PF contribution to Rs. 15,000, we need to pay for his pension also.
Please advise on the above-mentioned query.
Thanks,
Santosh
From India, Mumbai
With respect to this notification from the PF office, one query has been raised by our external auditor. If an employee's basic salary is more than 15,000/- and he is a fresh PF member, is it compulsory to make him an EPS member and allocate his funds to PF and EPS? Suppose an employee's basic salary is more than 15,000/- at the time of becoming a PF member, and we restricted his contribution up to 15,000/-. In such a case, do we need to pay EPS also? The external auditor is saying that since we have restricted the PF contribution to Rs. 15,000, we need to pay for his pension also.
Please advise on the above-mentioned query.
Thanks,
Santosh
From India, Mumbai
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