Anonymous
15

As the EPS 1995 scheme is amended whereby the Excluded Employees as defined under para 2( f) of the EPF & MP Scheme 1952 on becoming a PF subscriber are not eligible to be enrolled under the EPS 1995.
Due to the exclusion from EPS membership of PF subscriber having pay more than RS 15,000/- p.m. the cases are coming up of revision of EPs contribution and/or of merging EPS contribution back to Employer share if Employee is not eligible for the EPs membership.
It is noticed that some PF offices has taken a stand not to re-adjust the contribution and ask the employer to pay the amount either in EPS or EMployer contributions. This amount to extra contributions from EMployer which also attracts penal interest and damages u/s. 7 Q and 14B.
IS any one has any EPFO circular whereby the process to re-adjust contribution for back period is provided so that such offices should follow up the procedure and re-adjust contribution instead of demanding extra contribution in the accounts as the case may be.

From India, Mumbai
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.





Contact Us Privacy Policy Disclaimer Terms Of Service

All rights reserved @ 2024 CiteHR ®

All Copyright And Trademarks in Posts Held By Respective Owners.