Hi all members,
I would like to clarify whether for employees who joined after 01/09/2014, the entire portion of the employer's contribution can go to the Employee Pension Scheme (EPS). If this is possible, please provide me with the circular or government resolution (GR) published by the Employees' Provident Fund Organization (EPFO) in India.
Thank you.
From India, Surat
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I would like to clarify whether for employees who joined after 01/09/2014, the entire portion of the employer's contribution can go to the Employee Pension Scheme (EPS). If this is possible, please provide me with the circular or government resolution (GR) published by the Employees' Provident Fund Organization (EPFO) in India.
Thank you.
From India, Surat
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Your entire contribution cannot be covered under EPS. However, if you wish to save for the future, you can increase your contribution percentage from 12% to the next ceiling level. Additionally, the company's contribution remains the same whether you contribute 12% or more.
In my opinion, it is advisable to focus on saving rather than solely relying on the PF saving method.
From India, Chennai
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In my opinion, it is advisable to focus on saving rather than solely relying on the PF saving method.
From India, Chennai
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Employee Pension Scheme, 1995.doc
Form10C.PDF for Employee Pension Scheme 1995.PDF