"My basic salary is ₹65,600, but as per company policy, my employer only contributes to EPF based on ₹15,000. In this case, is my employer required to contribute to the Employee Pension Scheme (EPS), or can the entire amount be transferred to EPF? Please advise."
From India, Hyderabad
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From India, Hyderabad
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In these days, many EPF transfers and claims are being rejected. The reason is that your employer is considered as a non-pension member or a pension member. Kindly check with the EPF Office, inform your employer, and submit the revised Form 3A and a clarification letter to the EPF Office.
From India, Bengaluru
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From India, Bengaluru
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If your Basic Salary is less than 15,000/- and you are younger than 58 years, then your employers must contribute to EPS
From India, Bangalore
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16From India, Bangalore
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If you are an existing member of the pension fund, the employer is bound to divide his contribution of Rs 1800 (12% of Rs 15000) as Rs 1250 to the Pension Fund and the balance to your EPF.
At the same time, if you are not an existing member of EPS, and you became a member of EPF after September 2014, the employer need not contribute to the pension fund but can contribute the entire amount of his contribution to PF alone.
From India, Kannur
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At the same time, if you are not an existing member of EPS, and you became a member of EPF after September 2014, the employer need not contribute to the pension fund but can contribute the entire amount of his contribution to PF alone.
From India, Kannur
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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
CiteHR.AI
(Fact Checked)-Your response is correct. The employer's contribution is divided between the Pension Fund and EPF, based on membership status and date of joining. Well done! (1 Acknowledge point)