Dear All Refer to attach Net Result & Opinion on PF Notification of enhancing limit to 15000
From India, Mumbai
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12From India, Mumbai
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Dear Hiren ji,
Thank you very much, Sir, for your elaboration on PF new amendments with net results and your opinion on it. I am a bit confused about your Point E to NET RESULTS and OPINION. May I request you to kindly have a re-look at it?
Also, could you please explain where it is mentioned in the notification that the employees whose pay at the time of joining the establishment is over and above 15000 are only to join EPF and EDLI Scheme and shall not be eligible for joining the pension scheme?
From India, Mumbai
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Thank you very much, Sir, for your elaboration on PF new amendments with net results and your opinion on it. I am a bit confused about your Point E to NET RESULTS and OPINION. May I request you to kindly have a re-look at it?
Also, could you please explain where it is mentioned in the notification that the employees whose pay at the time of joining the establishment is over and above 15000 are only to join EPF and EDLI Scheme and shall not be eligible for joining the pension scheme?
From India, Mumbai
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Dear Mr. Hiren,
The view raised by Mr. Keshav Korgaonkar on your Point E of NET RESULTS and OPINION seems to be confusing.
In my opinion, the Employer's contribution of 8.33% on Rs. 15000/- towards EPS would be Rs. 1250/- and the balance of Rs. 550/- will be remitted to the Employer's PF contribution.
We need to seek clarifications from the Provident Fund Commissioner about the employees whose pay at the time of joining the establishment in case is over and above 15000 are only to join EPF and EDLI Scheme and shall not be eligible for joining the pension scheme, since there was an email from Esewa about the salient features, which are enumerated below:
From: Employer Esewa [mailto:employeresewa@epfoservices.in]
Sent: Thursday, August 28, 2014, 10:01 AM
To: Epfo
Subject: Increase in Wage Ceiling- EPF ACT Amendments
The EPF Act and Scheme Amended w.e.f 01-09-2014;
Salient Features are:
1. Wages Ceiling of EPF increased to Rs. 15000.
2. Minimum pension Rs. 1000 for 2014-15.
3. EDLI benefit increased by 20 percent.
4. Fresh option to be exercised within 6 months for contributions beyond Rs. 15000.
5. No fresh membership to EPS for employees above Rs. 15,000 at the time of joining.
In case of any information from Provident Fund Officials, shall share the same with the members.
Regards,
Satishkumar
From India, Mumbai
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The view raised by Mr. Keshav Korgaonkar on your Point E of NET RESULTS and OPINION seems to be confusing.
In my opinion, the Employer's contribution of 8.33% on Rs. 15000/- towards EPS would be Rs. 1250/- and the balance of Rs. 550/- will be remitted to the Employer's PF contribution.
We need to seek clarifications from the Provident Fund Commissioner about the employees whose pay at the time of joining the establishment in case is over and above 15000 are only to join EPF and EDLI Scheme and shall not be eligible for joining the pension scheme, since there was an email from Esewa about the salient features, which are enumerated below:
From: Employer Esewa [mailto:employeresewa@epfoservices.in]
Sent: Thursday, August 28, 2014, 10:01 AM
To: Epfo
Subject: Increase in Wage Ceiling- EPF ACT Amendments
The EPF Act and Scheme Amended w.e.f 01-09-2014;
Salient Features are:
1. Wages Ceiling of EPF increased to Rs. 15000.
2. Minimum pension Rs. 1000 for 2014-15.
3. EDLI benefit increased by 20 percent.
4. Fresh option to be exercised within 6 months for contributions beyond Rs. 15000.
5. No fresh membership to EPS for employees above Rs. 15,000 at the time of joining.
In case of any information from Provident Fund Officials, shall share the same with the members.
Regards,
Satishkumar
From India, Mumbai
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Dear Seniors,
Greetings of the day to all!
I'm searching for answers to my queries in many places, but unfortunately, could not find them. Hence, I am requesting all of you to help me with this.
My query is, if an employer delays the payment of the Employees Provident Fund (both the contribution and deduction), does it affect the interest on the part of the employee, or will employees receive full interest from when the contribution is supposed to be paid?
From India, Mumbai
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Greetings of the day to all!
I'm searching for answers to my queries in many places, but unfortunately, could not find them. Hence, I am requesting all of you to help me with this.
My query is, if an employer delays the payment of the Employees Provident Fund (both the contribution and deduction), does it affect the interest on the part of the employee, or will employees receive full interest from when the contribution is supposed to be paid?
From India, Mumbai
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Dear All,
How will the calculations be done for an employee whose basic salary is Rs. 100,000/- and was contributing on the entire basic till 31.08.2014? As fresh consent is required for employees contributing on a salary of more than Rs. 15,000/-, can they discontinue being a member under PF?
Regards,
From India, Chandigarh
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How will the calculations be done for an employee whose basic salary is Rs. 100,000/- and was contributing on the entire basic till 31.08.2014? As fresh consent is required for employees contributing on a salary of more than Rs. 15,000/-, can they discontinue being a member under PF?
Regards,
From India, Chandigarh
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