Dear Forum,
Could you please help me understand why my pension contribution is ZERO since joining? I can see only provident fund contributions credited on a monthly basis. I have attached an EPFO portal screenshot for your reference. Also, note that my Basic salary is above Rs. 15,000.
Thank you.
From India, Mumbai
Acknowledge(0)
Amend(0)
6Could you please help me understand why my pension contribution is ZERO since joining? I can see only provident fund contributions credited on a monthly basis. I have attached an EPFO portal screenshot for your reference. Also, note that my Basic salary is above Rs. 15,000.
Thank you.
From India, Mumbai
Acknowledge(0)Amend(0)
For employees with a salary of above Rs. 15,000, the pension is not applicable. The entire contribution payable by the employer will be credited to the employee's PF account. This is the practice as per the amendment of 2014.
From India, Kannur
Acknowledge(0)Amend(0)
From India, Kannur
Acknowledge(0)Amend(0)
As per my knowledge if your age is above 58 then your entire contribution will go to PF and no contribution to EPS.
From India, undefined
Acknowledge(0)Amend(0)
From India, undefined
Acknowledge(0)Amend(0)Engage with peers to discuss and resolve work and business challenges collaboratively. Our AI-powered platform, features real-time fact-checking, peer reviews, and an extensive historical knowledge base. - Register and Log In.
EPF Pension.xls
EPF PENSION JUDGEMENT IN ENGLISH.pdf