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kavin palanismay
Hi, I am able to see Pension Contribution column in our account summary like below
/Pension /Contribution
Questions:
1.Can you explain me how it is calculated?
2.The pension amount will be given to us while adding with all amounts I mean (Employee Share , Employer Share)?

From India, Chennai
manju-kamble
29

Once an employee becomes the member of EPF (Employee Provident Fund) they automatically get enrolled for EPS (Employee Pension scheme). Total contribution towards EPF is 12% and it’s an equal contribution from both the side. 12% of Employee contribution goes in EPF A/C and 12% of Employer contribution is divided into 3.67% which goes in EPF A/C and remaining 8.33% goes in EPS.
In short only Employer share of 8.33% goes in EPS.

From India, Pune
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