Dear Fraternity,
I need to know about one of our EPS cases. We registered one of our employees with permissible wages of 15,000 for EPF & EPS. However, when generating his EPF challan, an error shows that we need to exclude EPS wages for that particular employee. When we consulted one of our legal colleagues, we received two inputs:
1. If we mark his EPS wages as more than 14,999 a month, the system will not consider his EPS contribution.
2. Or if his previous history shows his Basic as more than 15,000, you also cannot contribute to his EPS.
Upon cross-checking his EPFO history, his first deduction was made without EPS, and he contributed 1800 for Employee EPF and 1800 for Employer EPF.
I appreciate your experienced suggestions on how we should proceed as an employer.
From India, Ahmedabad
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I need to know about one of our EPS cases. We registered one of our employees with permissible wages of 15,000 for EPF & EPS. However, when generating his EPF challan, an error shows that we need to exclude EPS wages for that particular employee. When we consulted one of our legal colleagues, we received two inputs:
1. If we mark his EPS wages as more than 14,999 a month, the system will not consider his EPS contribution.
2. Or if his previous history shows his Basic as more than 15,000, you also cannot contribute to his EPS.
Upon cross-checking his EPFO history, his first deduction was made without EPS, and he contributed 1800 for Employee EPF and 1800 for Employer EPF.
I appreciate your experienced suggestions on how we should proceed as an employer.
From India, Ahmedabad
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Hi,
I need a little clarity on your query. I understand that your current new joiner is facing an issue despite having worked in a previous organization where his basic salary was more than 15000. According to the new EPF rules, he is considered a Pension-excluded employee. Since the UAN (Universal Account Number) remains the same, in your organization as well, he will fall under the pension-excluded category. Therefore, his pension basic should be set to 0, and the employer's contribution should be fully deposited in the EPF account. The pension head should also be set to 0 when uploading the ECR (Electronic Challan-cum-Return).
Thanks.
From India, Durgapur
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23I need a little clarity on your query. I understand that your current new joiner is facing an issue despite having worked in a previous organization where his basic salary was more than 15000. According to the new EPF rules, he is considered a Pension-excluded employee. Since the UAN (Universal Account Number) remains the same, in your organization as well, he will fall under the pension-excluded category. Therefore, his pension basic should be set to 0, and the employer's contribution should be fully deposited in the EPF account. The pension head should also be set to 0 when uploading the ECR (Electronic Challan-cum-Return).
Thanks.
From India, Durgapur
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Dear Concern,
Thank you for your response. As per your previous message, the employee's history indicates that his previous employer excluded his EPS and deposited the full amount in the Employer EPF contribution. Therefore, moving forward, we are unable to contribute to his Pension %.
From India, Ahmedabad
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Thank you for your response. As per your previous message, the employee's history indicates that his previous employer excluded his EPS and deposited the full amount in the Employer EPF contribution. Therefore, moving forward, we are unable to contribute to his Pension %.
From India, Ahmedabad
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Dear sir,
You can't remit his contribution in the EPS account, so you should remit his 12% contribution to the EPF account only. He will not be eligible for EPS. I have attached a sample for your reference; please follow it.
From India, Madurai
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You can't remit his contribution in the EPS account, so you should remit his 12% contribution to the EPF account only. He will not be eligible for EPS. I have attached a sample for your reference; please follow it.
From India, Madurai
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Dear Mr Ponmurugapandian, Please Clarify when EPF Wages is Rs15,000/-PM & below, why he will be excluded for EPS. Please verify your attachment & revert.
From India, New Delhi
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From India, New Delhi
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could you share your error screenshot ? If some one have less than 15000 salary per month, we can remit in EPF & EPS account. if it is equal to 15000 or more we cant remit in EPS
From India, Madurai
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From India, Madurai
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Dear Mr. Ponmurugan Sir,
Please clarify if EPF wages are Rs15,000/-, you cannot remit EPS. Please go through the EPS Circular attached herewith. If EPF wages are Rs15,000/- & below, the employee has to compulsorily become an EPS member. If EPF wages are more than Rs15,000/- per month & the employee does not have active EPS membership pertaining before Sep 2014, they cannot become members of EPS.
For your information.
From India, New Delhi
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Please clarify if EPF wages are Rs15,000/-, you cannot remit EPS. Please go through the EPS Circular attached herewith. If EPF wages are Rs15,000/- & below, the employee has to compulsorily become an EPS member. If EPF wages are more than Rs15,000/- per month & the employee does not have active EPS membership pertaining before Sep 2014, they cannot become members of EPS.
For your information.
From India, New Delhi
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Dear Srinath, okay, only there is a chance for this trouble is you may entered his gross salary as more than 15000/- while you submit your monthly ECR, please check it.
From India, Madurai
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From India, Madurai
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Dear Mr. Ponmurugan Pandian,
Please note there is no limit for Gross Salary. Please make note of your reply: "Okay, only there is a chance for this trouble if you may have entered his gross salary as more than 15000/- when you submit your monthly ECR. Please check it." EPF contribution is not remitted on Gross Salary.
From India, New Delhi
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Please note there is no limit for Gross Salary. Please make note of your reply: "Okay, only there is a chance for this trouble if you may have entered his gross salary as more than 15000/- when you submit your monthly ECR. Please check it." EPF contribution is not remitted on Gross Salary.
From India, New Delhi
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No contribution on salary exceeding statutory limit under EPS 8.11.2013.pdf