Hi!
Please help me with this issue. An employee is turning 58 years old on 14th December 2017. Am I able to make payment for his EPS in advance? If yes, kindly share your suggestions and ideas.
Thanks in advance,
Uday Kumar
From India, Kelambakkam
Acknowledge(0)
Amend(0)
Please help me with this issue. An employee is turning 58 years old on 14th December 2017. Am I able to make payment for his EPS in advance? If yes, kindly share your suggestions and ideas.
Thanks in advance,
Uday Kumar
From India, Kelambakkam
Acknowledge(0)Amend(0)
470
Dear Anamika,
Employee Share of EPF towards EPS cannot be remitted in advance. The employee has to earn salary. From the salary, the employee's share of EPF is deducted and remitted along with the employer's share and other charges. What is the logic of paying advance contribution? Will the employee be alive till Dec-2017? Be specific in your query. In statutory matters, there is no room for suggestions or ideas.
From India, New Delhi
Acknowledge(0)Amend(0)
Employee Share of EPF towards EPS cannot be remitted in advance. The employee has to earn salary. From the salary, the employee's share of EPF is deducted and remitted along with the employer's share and other charges. What is the logic of paying advance contribution? Will the employee be alive till Dec-2017? Be specific in your query. In statutory matters, there is no room for suggestions or ideas.
From India, New Delhi
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
Employee Pension Scheme, 1995.doc
EPF - Pension contribution is zero WHY.jpg