When I was not absent from duty, why is my pension calculation sheet showing NCP days?
From India, Hyderabad
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From India, Hyderabad
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Hi, It means " Non contribution period" . It means your absence from duty is not adjusted against leave and considered as leave without pay and hence it is showing Non contribution period.
From India, Madras
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1015From India, Madras
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Sir As per pay slips available with me, no Absent or LWP is showing but in calculation sheet it’s showing 62 days NCP days. How to correct it.
From India, Hyderabad
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From India, Hyderabad
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EPS Contribution and Leave Without Pay
As per the PF & Misc. Act, the EPS contribution is 8.33% of ₹15,000/- maximum. There are two types of organizations: one that restricts the employer's portion of the PF contribution to ₹15,000 per month, and another that contributes beyond ₹15,000 per month, usually based on actual Basic & DA.
Impact of Leave Without Pay on PF Contribution
In the case of leave without pay (LWP), for organizations paying contributions exceeding ₹15,000 per month, even after LWP, there is a possibility of paying PF contributions above ₹15,000 per month. There should not be any "no contribution period" as the EPS contribution will be based on ₹15,000. However, many organizations mistakenly mark the employee as in a "No contribution period" based on LWP days, even though contributions have been made on ₹15,000. EPS calculation for pension payments is based on the contribution, and if it is consistently ₹15,000 every month, there will not be any non-contribution period.
Recommendation
In this case, I suggest cross-checking with the HR department for the actual facts. If there is any discrepancy, whether by the employer or EPFO, please address the issue with the EPFO local area office to resolve it.
Regards, S K Bandyopadhyay (WB, Howrah) CEO-USD HR Solutions [Phone Number Removed For Privacy-Reasons] [Email Removed For Privacy Reasons] USD HR Solutions – To strive towards excellence with effort and integrity
From India, New Delhi
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As per the PF & Misc. Act, the EPS contribution is 8.33% of ₹15,000/- maximum. There are two types of organizations: one that restricts the employer's portion of the PF contribution to ₹15,000 per month, and another that contributes beyond ₹15,000 per month, usually based on actual Basic & DA.
Impact of Leave Without Pay on PF Contribution
In the case of leave without pay (LWP), for organizations paying contributions exceeding ₹15,000 per month, even after LWP, there is a possibility of paying PF contributions above ₹15,000 per month. There should not be any "no contribution period" as the EPS contribution will be based on ₹15,000. However, many organizations mistakenly mark the employee as in a "No contribution period" based on LWP days, even though contributions have been made on ₹15,000. EPS calculation for pension payments is based on the contribution, and if it is consistently ₹15,000 every month, there will not be any non-contribution period.
Recommendation
In this case, I suggest cross-checking with the HR department for the actual facts. If there is any discrepancy, whether by the employer or EPFO, please address the issue with the EPFO local area office to resolve it.
Regards, S K Bandyopadhyay (WB, Howrah) CEO-USD HR Solutions [Phone Number Removed For Privacy-Reasons] [Email Removed For Privacy Reasons] USD HR Solutions – To strive towards excellence with effort and integrity
From India, New Delhi
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ESI 42 Days Contribution Relaxation Period - March 2020.pdf
Wage increase in between the contribution period.JPG