Dear All, Can you please share if any circular /Notification regarding non-coverage of new employees (including IW) under EPS, if their monthly salary is more than Rs.15000/-
From India, Bangalore
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31From India, Bangalore
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If the establishment is covered under EPF, then they have to offer all labor welfare facilities in a uniform practice to all employees. However, if the employee:
1) does not have any active UAN or membership from past service/s
2) does not want to participate in EPF
then they have to submit Form 11 with a request letter stating their choice of not participating in EPF. The employer has no choice to exclude or include. Additionally, if the member has any past record of EPF relations, then they would not be exempt from contributions.
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1) does not have any active UAN or membership from past service/s
2) does not want to participate in EPF
then they have to submit Form 11 with a request letter stating their choice of not participating in EPF. The employer has no choice to exclude or include. Additionally, if the member has any past record of EPF relations, then they would not be exempt from contributions.
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As per EPF Scheme, Para 69, (5) - Any member who withdraws the amount due to him under subparagraph (2) shall, on obtaining re-employment in a [factory or other establishment] to which the Scheme applies, be required to qualify again for the membership of the Fund. On qualifying for membership, the member shall be treated as a fresh member thereof.
From India, Bhogpur
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From India, Bhogpur
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Mr. Sharma and Mr. Mahesh,
Thank you for your response. I am seeking information about EPS. I have been informed that in the case of a new employee whose salary exceeds Rs. 15,000, they "should be" exempted from EPS. Could you please clarify this for me? It would be greatly appreciated if you could also attach any circular related to this issue.
Thank you.
From India, Bangalore
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Thank you for your response. I am seeking information about EPS. I have been informed that in the case of a new employee whose salary exceeds Rs. 15,000, they "should be" exempted from EPS. Could you please clarify this for me? It would be greatly appreciated if you could also attach any circular related to this issue.
Thank you.
From India, Bangalore
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once the EPS account is created, it can not be excluded in further increment or re-appointment
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In case the salary is more than $15,000, then the employee can be excluded from PF deduction. If you enroll him as a PF member and his age is over 58 years, then he will be exempt from EPS, and the entire amount (employee + employer share) will go to his EPF account.
From India, Bhogpur
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From India, Bhogpur
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Gazette Notification EPF Withdrawal-Circ ular-No.-WSU-39 12017-Housing-S cheme.pdf