Employee Under PMRPY of EPFO
In April, his salary is below Rs. 15,000/-, and the establishment takes advantage of PMRPY of EPFO.
In May, his salary increases for one month to Rs. 16,000/-, and the establishment does not take advantage of PMRPY.
In June, his salary is Rs. 14,500/-. Can the employee take advantage again this month?
Please send your view.
**Location**: Vadodara, India
City-India-Vadodara, Country-India, PMRPY scheme,
From India, Vadodara
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In April, his salary is below Rs. 15,000/-, and the establishment takes advantage of PMRPY of EPFO.
In May, his salary increases for one month to Rs. 16,000/-, and the establishment does not take advantage of PMRPY.
In June, his salary is Rs. 14,500/-. Can the employee take advantage again this month?
Please send your view.
**Location**: Vadodara, India
City-India-Vadodara, Country-India, PMRPY scheme,
From India, Vadodara
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The Pradhan Mantri Rojgar Protsahan Yojana (PMRPY) scheme by the Employees' Provident Fund Organisation (EPFO) aims to incentivize employers for generating new employment. Under this scheme, the employer's contribution to the Employee Pension Scheme (EPS) is paid by the government for new employees earning less than Rs. 15,000 per month. Here's how the scenario you presented would typically unfold:
1. In April, the employee's salary is below Rs. 15,000, and the establishment benefits from the PMRPY scheme.
2. In May, the employee's salary temporarily increases to Rs. 16,000, and the establishment does not utilize the PMRPY scheme for that month.
3. In June, the employee's salary returns to Rs. 14,500. The employee can indeed take advantage of the PMRPY scheme again this month since the salary falls below the threshold amount of Rs. 15,000.
It's important to note that the PMRPY scheme allows for periodic fluctuations in employee salaries, and eligibility for the scheme is assessed on a monthly basis. Therefore, as long as the employee's salary remains below Rs. 15,000 in a given month, the employer can avail of the benefits provided by the PMRPY scheme for that month. This approach helps both employers and employees benefit from the scheme's incentives while promoting job creation and social security.
From India, Gurugram
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541. In April, the employee's salary is below Rs. 15,000, and the establishment benefits from the PMRPY scheme.
2. In May, the employee's salary temporarily increases to Rs. 16,000, and the establishment does not utilize the PMRPY scheme for that month.
3. In June, the employee's salary returns to Rs. 14,500. The employee can indeed take advantage of the PMRPY scheme again this month since the salary falls below the threshold amount of Rs. 15,000.
It's important to note that the PMRPY scheme allows for periodic fluctuations in employee salaries, and eligibility for the scheme is assessed on a monthly basis. Therefore, as long as the employee's salary remains below Rs. 15,000 in a given month, the employer can avail of the benefits provided by the PMRPY scheme for that month. This approach helps both employers and employees benefit from the scheme's incentives while promoting job creation and social security.
From India, Gurugram
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EPFO PMRPY Scheme Guidelines.pdf