We mistakenly put under EPS contribution for a new employee with a salary greater than 15,000 and have no previous PF. Can the pension fund be transferred to his PF account? Is it mandatory to join an employee under the PF scheme if his salary is above 15,000.
Ensure proper paragraph formatting:
We mistakenly put under EPS contribution for a new employee with a salary greater than 15,000 and have no previous PF. Can the pension fund be transferred to his PF account?
Is it mandatory to join an employee under the PF scheme if his salary is above 15,000.
From India, Hyderabad
Acknowledge(1)
Amend(0)
1Ensure proper paragraph formatting:
We mistakenly put under EPS contribution for a new employee with a salary greater than 15,000 and have no previous PF. Can the pension fund be transferred to his PF account?
Is it mandatory to join an employee under the PF scheme if his salary is above 15,000.
From India, Hyderabad
Acknowledge(1)Amend(0)
Employers have to offer EPF to all employees, and it is up to the employee to accept or decline from contributing. However, the employee cannot decline if:
1) He has been an EPF member in his past service/s.
2) His basic + DA is below 15000 (present ceiling limit).
Acknowledge(0)Amend(0)
1) He has been an EPF member in his past service/s.
2) His basic + DA is below 15000 (present ceiling limit).
Acknowledge(0)Amend(0)CiteHR is an AI-augmented HR knowledge and collaboration platform, enabling HR professionals to solve real-world challenges, validate decisions, and stay ahead through collective intelligence and machine-enhanced guidance. Join Our Platform.
EPF Scheme Guidelines For Implementation Of PMGKY Credit Of Employers And Employee Contribution .pdf
SC Judgment-No obligation to excess contribution than Statutory Limit.docx