Dear Fraternity,
Need to know on one of our EPS Case that we register one of our employee with 15,000 permissible wages for EPF & EPS but while generating his EPF challan error showing that need to exclude EPS wages for that particular employee. When we ask one of our legal fellow on same we received a two inputs.
1. If we marked his EPS wages more than 14999/- a month system will not consider his/her EPS contribution
2. Or if his previous history shows his Basic more than 15,000/- than also you can not contribute his EPS
Then i crossed check his EPFO history his first deduction was made without EPS and contrinuted like 1800 for Employee EPF & 1800 for Employer EPF.
Its appreciable for your kind experienced suggestion over it how should we go through it as an employer??
From India, Ahmedabad
Need to know on one of our EPS Case that we register one of our employee with 15,000 permissible wages for EPF & EPS but while generating his EPF challan error showing that need to exclude EPS wages for that particular employee. When we ask one of our legal fellow on same we received a two inputs.
1. If we marked his EPS wages more than 14999/- a month system will not consider his/her EPS contribution
2. Or if his previous history shows his Basic more than 15,000/- than also you can not contribute his EPS
Then i crossed check his EPFO history his first deduction was made without EPS and contrinuted like 1800 for Employee EPF & 1800 for Employer EPF.
Its appreciable for your kind experienced suggestion over it how should we go through it as an employer??
From India, Ahmedabad
Hi,
need little clarity in your doubt:-
I am thinking your current new joiner who is having issue already worked in previous organization, where his basic salary is more than 15000, so as per EPF new rules he is Pension excluded employee, Since UAN is same so in your organization also he will be pension excluded case, his pension basic need to make 0 and employer contribution fully need to deposit in EPF and pension head need to be 0 in ECR uploading.
Thanks.
From India, Durgapur
14need little clarity in your doubt:-
I am thinking your current new joiner who is having issue already worked in previous organization, where his basic salary is more than 15000, so as per EPF new rules he is Pension excluded employee, Since UAN is same so in your organization also he will be pension excluded case, his pension basic need to make 0 and employer contribution fully need to deposit in EPF and pension head need to be 0 in ECR uploading.
Thanks.
From India, Durgapur
Dear Concern,
Thanks for your revert, as per your trailing message yes employee's history showing that his previous employer excluded his EPS and deposited full amount in Employer EPF contribution hence now onward we unable to contribute his Pension %
From India, Ahmedabad
Thanks for your revert, as per your trailing message yes employee's history showing that his previous employer excluded his EPS and deposited full amount in Employer EPF contribution hence now onward we unable to contribute his Pension %
From India, Ahmedabad
Dear sir,
You cant remit his contribution in EPS account, so you should remit his 12 % contribution to EPF account only , he will not eligible for EPS.
i have attached a sample for your reference , you do follow it.
From India, Madurai
You cant remit his contribution in EPS account, so you should remit his 12 % contribution to EPF account only , he will not eligible for EPS.
i have attached a sample for your reference , you do follow it.
From India, Madurai
Dear Mr Ponmurugapandian, Please Clarify when EPF Wages is Rs15,000/-PM & below, why he will be excluded for EPS. Please verify your attachment & revert.
From India, New Delhi
From India, New Delhi
could you share your error screenshot ? If some one have less than 15000 salary per month, we can remit in EPF & EPS account. if it is equal to 15000 or more we cant remit in EPS
From India, Madurai
From India, Madurai
Dear Mr Ponmurugan Sir,
Please Clarify, if EPF Wages is Rs15,000/- you can not remit EPS.Pl go through EPS Circular attached herewith.If EPF Wages is Rs15,000/- & below, Employee has to compulsorily become EPS Member.
If EPF Wages is more than Rs15,000/- PM & Employee does not have active EPS Membership pertaining Prior to Sep 2014, they can not become members of EPS.For your information.
From India, New Delhi
Please Clarify, if EPF Wages is Rs15,000/- you can not remit EPS.Pl go through EPS Circular attached herewith.If EPF Wages is Rs15,000/- & below, Employee has to compulsorily become EPS Member.
If EPF Wages is more than Rs15,000/- PM & Employee does not have active EPS Membership pertaining Prior to Sep 2014, they can not become members of EPS.For your information.
From India, New Delhi
Dear Srinath, okay, only there is a chance for this trouble is you may entered his gross salary as more than 15000/- while you submit your monthly ECR, please check it.
From India, Madurai
From India, Madurai
Dear Mr Ponmurugan Pandian,
Please note there is no Limit for Gross Salary.Please make note o your Reply " okay, only there is a chance for this trouble is you may entered his gross salary as more than 15000/- while you submit your monthly ECR, please check it."
EPF Contribution is not remitted on Gross Salary.
From India, New Delhi
Please note there is no Limit for Gross Salary.Please make note o your Reply " okay, only there is a chance for this trouble is you may entered his gross salary as more than 15000/- while you submit your monthly ECR, please check it."
EPF Contribution is not remitted on Gross Salary.
From India, New Delhi
Community Support and Knowledge-base on business, career and organisational prospects and issues - Register and Log In to CiteHR and post your query, download formats and be part of a fostered community of professionals.
No contribution on salary exceeding statutory limit under EPS 8.11.2013.pdf