The EPFO Head Office in New Delhi, via their circular no. WSU/2023/19/para 26(6)(E-108547) dated 02.06.2023, provides for the enrollment of an employee as a member of the scheme whose monthly pay exceeds the statutory wage ceiling (currently INR 15,000 per month), i.e., those who are excluded from mandatory membership of the scheme. The paragraph also allows a scheme member to contribute based on actual (higher) pay in a specified manner with a joint request.
Regards,
Suresh
From India, Thane
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253Regards,
Suresh
From India, Thane
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Can you kindly elaborate on which scheme the provision relates to?
We know that a member enrolled after September 2014 and having a basic salary above 15,000/- cannot become a member under the PF pension scheme.
Regards,
From India, Delhi
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We know that a member enrolled after September 2014 and having a basic salary above 15,000/- cannot become a member under the PF pension scheme.
Regards,
From India, Delhi
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Epfo circular 070219 Pension-I_12_33 _96_Amendments_ Vol.IV_17154.pd f