Dear Forum,
Could you please help me understand why my pension contribution is ZERO since joining? I can see only provident fund contributions credited on a monthly basis. I have attached an EPFO portal screenshot for your reference. Also, note that my Basic salary is above Rs. 15,000.
Thank you.
From India, Mumbai
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5Could you please help me understand why my pension contribution is ZERO since joining? I can see only provident fund contributions credited on a monthly basis. I have attached an EPFO portal screenshot for your reference. Also, note that my Basic salary is above Rs. 15,000.
Thank you.
From India, Mumbai
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For employees with a salary of above Rs. 15,000, the pension is not applicable. The entire contribution payable by the employer will be credited to the employee's PF account. This is the practice as per the amendment of 2014.
From India, Kannur
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From India, Kannur
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As per my knowledge if your age is above 58 then your entire contribution will go to PF and no contribution to EPS.
From India, undefined
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From India, undefined
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Epf circular on full salary 230317 Pension on full salary as per SC order 23.3.2017.pdf