I was employed with Ericsson as my first employer, and my basic salary was less than 15,000 at that time. I had left the organization for higher studies and had completely withdrawn my EPF and EPS amounts (with zero balance in both EPF and EPS accounts).
After completing my higher education, I am now employed with EY, where my basic salary is more than 15,000. I am unsure if I am still a member of the EPS scheme. Can you please provide me with a detailed explanation?
Thank you in advance for your help!
From India, Kolkata
Acknowledge(0)
Amend(0)
After completing my higher education, I am now employed with EY, where my basic salary is more than 15,000. I am unsure if I am still a member of the EPS scheme. Can you please provide me with a detailed explanation?
Thank you in advance for your help!
From India, Kolkata
Acknowledge(0)Amend(0)
If the Universal Account Number (UAN) was generated at the time of first employment, I doubt if your UAN is still active. If it is active, you will be covered by the Pension Fund as an existing member. At the same time, if you could get a new UAN, then you will be excluded from the Employee Pension Scheme (EPS).
I hope others would give some inputs. Please leave comments in this practical scenario (not the AI-generated comments!)
From India, Kannur
Acknowledge(0)Amend(0)
4770I hope others would give some inputs. Please leave comments in this practical scenario (not the AI-generated comments!)
From India, Kannur
Acknowledge(0)Amend(0)Engage with peers to discuss and resolve work and business challenges collaboratively - share and document your knowledge. Our AI-powered platform, features real-time fact-checking, peer reviews, and an extensive historical knowledge base. - Join & Be Part Of Our Community.
EPS - Wage Limit increase_01.09. 2014.pdf
Calcu. pf Emp.eps.epf sample sheet for HR site..xls