Dear Shrikant Ji
Thanks , but you havent read my thread properly befor reverting, I know Every International employee have to pay PS on Gross salary effected from 1st Nov 2008 as mention in notification issued on 7th Jan 2009, but I am speaking avbout the notification effected fro 1st September 2014,
From India, Delhi
1Thanks , but you havent read my thread properly befor reverting, I know Every International employee have to pay PS on Gross salary effected from 1st Nov 2008 as mention in notification issued on 7th Jan 2009, but I am speaking avbout the notification effected fro 1st September 2014,
From India, Delhi
Dear All,
Please find EPS Circular Dated 29/08/2014, according to which New EPF Members whose Entry level EPF Wages is more than Rs15,000/- can not become Members of EPS.However, those who are already EPF Members in their Previous Employment & have not withdrawn PF Amount can continue to be Members of EPS, Irrespective of their EPF Wages being more than Rs15,000/-
From India, New Delhi
Please find EPS Circular Dated 29/08/2014, according to which New EPF Members whose Entry level EPF Wages is more than Rs15,000/- can not become Members of EPS.However, those who are already EPF Members in their Previous Employment & have not withdrawn PF Amount can continue to be Members of EPS, Irrespective of their EPF Wages being more than Rs15,000/-
From India, New Delhi
Hi Hr/ Experts ,
My question is regarding EPS ..
I JOINED VODAFONE FOR 4 MONTH 10 DAYS AND I GOT TRANSFRERED TO DIFFERENT COMPANY HUAWEI FOR 3 MONTH AGAIN GOT TRANSFERED IN SAMSUNG FOR 4 MONTHS AND NOW IM IN NOKIA..
IN SHORT I CHANGED 3 COMPANIES AND COMPLETED 4/3/4 MONTHS RESPECTIVILY ..
BUT NOW IM IN NOKIA AND WILL BE WORK LONG OR YOU CAN SAY MIN 180 DAYS .
SO TELL ME THE PROCESS SO THAT I CAN GET MY ALL MONEY PF AND EPS OF ALL FOUR COMPANY ..HOWEVER I TRANSFER MY ALL PREVIOUS EMPLOYEMENT TO CURRENT EMPLOYER ...
SUPPOSE I WORK FOR 1 YR IN NOKIA ,THEN WOULD I GET ALL MONEY EPF AND EPS OF ALL 4 COMPANIES ...
YOUR VALUEABLE INPUT IS HIGHLY APPRUCIATED ...
7580878831
From India
My question is regarding EPS ..
I JOINED VODAFONE FOR 4 MONTH 10 DAYS AND I GOT TRANSFRERED TO DIFFERENT COMPANY HUAWEI FOR 3 MONTH AGAIN GOT TRANSFERED IN SAMSUNG FOR 4 MONTHS AND NOW IM IN NOKIA..
IN SHORT I CHANGED 3 COMPANIES AND COMPLETED 4/3/4 MONTHS RESPECTIVILY ..
BUT NOW IM IN NOKIA AND WILL BE WORK LONG OR YOU CAN SAY MIN 180 DAYS .
SO TELL ME THE PROCESS SO THAT I CAN GET MY ALL MONEY PF AND EPS OF ALL FOUR COMPANY ..HOWEVER I TRANSFER MY ALL PREVIOUS EMPLOYEMENT TO CURRENT EMPLOYER ...
SUPPOSE I WORK FOR 1 YR IN NOKIA ,THEN WOULD I GET ALL MONEY EPF AND EPS OF ALL 4 COMPANIES ...
YOUR VALUEABLE INPUT IS HIGHLY APPRUCIATED ...
7580878831
From India
Here is the EPFO notification confirming that any IW joining establishment on or after 01.09.2014 is not entitled to join the EPS scheme.
From India, Bengaluru
From India, Bengaluru
Dear Seniors,
With respect to this notification from PF office, one query is raised by our external auditor.
If employee's basic salary is more than 15000/- and he is fresh PF member then is it compulsory to make him EPS member and allocate his funds to PF and EPS.
Suppose employee's basic salary is more than 15000/- at the time of becoming PF member and we restricted his contribution upto 15000/-, then in such a case, we need to pay EPS also.
External auditor is saying that since we have restricted PF contribution to Rs.15000, we need to pay for his pension also.
Please advise for the above mentioned query.
Thanks,
Santosh
From India, Mumbai
With respect to this notification from PF office, one query is raised by our external auditor.
If employee's basic salary is more than 15000/- and he is fresh PF member then is it compulsory to make him EPS member and allocate his funds to PF and EPS.
Suppose employee's basic salary is more than 15000/- at the time of becoming PF member and we restricted his contribution upto 15000/-, then in such a case, we need to pay EPS also.
External auditor is saying that since we have restricted PF contribution to Rs.15000, we need to pay for his pension also.
Please advise for the above mentioned query.
Thanks,
Santosh
From India, Mumbai
Dear Team,
I have transferred my PF account from Rajasthan to Delhi but only PF of employee and Employer transferred to my new organisation but amount of EPF approx Rs.1.00 not not transferred to my new co. I have completed more that 15 years in my old organisation.
Kindly tell me how to get EPS amount in my new organisation.
From India, Delhi
I have transferred my PF account from Rajasthan to Delhi but only PF of employee and Employer transferred to my new organisation but amount of EPF approx Rs.1.00 not not transferred to my new co. I have completed more that 15 years in my old organisation.
Kindly tell me how to get EPS amount in my new organisation.
From India, Delhi
Dear Neena ,
but amount of EPF approx Rs.1.00 not not transferred to my new co-I presume you are referring to EPS Contributions reflected in your Pass Book.Consequent to transfer pf PF Accumulations, EPS Service details will also be transferred to respective PF Office.The contribution mentioned therein will have no relevance in determining your Pension eligibility.
Since you have complete more than 15 Years membership, you are not eligible for withdrawal of EPS Accumulations.But you are eligible for EPS after completion of 58/50 Years.Since you are presently Employed & covered under EPS, the question of availing Pension does not arise.
From India, New Delhi
but amount of EPF approx Rs.1.00 not not transferred to my new co-I presume you are referring to EPS Contributions reflected in your Pass Book.Consequent to transfer pf PF Accumulations, EPS Service details will also be transferred to respective PF Office.The contribution mentioned therein will have no relevance in determining your Pension eligibility.
Since you have complete more than 15 Years membership, you are not eligible for withdrawal of EPS Accumulations.But you are eligible for EPS after completion of 58/50 Years.Since you are presently Employed & covered under EPS, the question of availing Pension does not arise.
From India, New Delhi
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INTERNATIONAL-W ORKERS-IWs-UNDE R-THE-EMPLOYEES ’-PROVIDENT-FUN D-SCHEME-1952-A ND-THEIR-COMPLI ANCE.pdf