Dear Forum, Could you please help me to understand why my pension contribution is ZERO since joining...i can see only provident fund contribution credited on a monthly basis. EPFO portal screenshot attached for your ready reference. Also note my Basic salary is above Rs.15000.
From India, Mumbai
5From India, Mumbai
For employees with salary of above Rs 15000, 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
From India, Kannur
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
From India, undefined
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EPF Pension.xls
EPF PENSION JUDGEMENT IN ENGLISH.pdf