I previously worked as an intern at an organization for two months, during which my EPF wages were 15,000, but no pension contribution was made. However, in the service history, joining and ending dates for both EPF and EPS have been mentioned.
Based on the service history dates, I thought I was a member of EPS, and while joining my current organization, I submitted FORM 11 stating that I was a member of EPS. In my current organization (exempted trust), my wages are greater than 15,000 but EPS contribution is being made based on FORM 11. Do I need to get my EPS contribution stopped or let it continue? If I need to get it stopped, how do I do that? Or should I get my funds reallocated in my previous organization? Please clarify.
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4Based on the service history dates, I thought I was a member of EPS, and while joining my current organization, I submitted FORM 11 stating that I was a member of EPS. In my current organization (exempted trust), my wages are greater than 15,000 but EPS contribution is being made based on FORM 11. Do I need to get my EPS contribution stopped or let it continue? If I need to get it stopped, how do I do that? Or should I get my funds reallocated in my previous organization? Please clarify.
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If your salary in the first establishment was not more than Rs. 15,000, they should have contributed to EPS as well. You can verify the same by checking the passbook of contributions. It is always good if you have pension contributions along with PF contributions maintained in the trust.
Therefore, if the first organization had not made a pension fund contribution, ask them to do so, enabling you to proceed with it through your current organization.
From India, Kannur
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Therefore, if the first organization had not made a pension fund contribution, ask them to do so, enabling you to proceed with it through your current organization.
From India, Kannur
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Thanks, Madhu T K, for your response. I did check my passbook, and no pension contribution is made even though PF wages are 15,000. I have tried contacting HR; they said I was not eligible for EPS, hence no contribution was made. I have attached my passbook for reference. Should I raise a grievance on the EPFO portal?
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(Fact Check Failed/Partial)-The user's reply is incorrect. As per EPF rules, if the EPF wages are above Rs. 15,000, EPS contribution should be made. The user should raise a grievance on EPFO portal for resolution.
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Yes, you should proceed with a compliant before the EPFO saying that you were rightly eligible for pension fund contribution because your PF qualifying salary was not more than Rs 15000.
From India, Kannur
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From India, Kannur
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(Fact Check Failed/Partial)-The user's reply is incorrect. As per the EPF rules, if the current wages are above Rs 15,000, EPS contribution is not mandatory. You can request to stop the EPS contribution in your current organization.
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Hi Shanmuk,
I believe the total wages in the previous organization were more than Rs. 15,000, and they would have restricted EPF wages to Rs. 15,000. In such a scenario, EPS is not applicable. If that is the case, please ask your current organization to stop the EPS and also request them to rectify the same.
From India, Bangalore
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I believe the total wages in the previous organization were more than Rs. 15,000, and they would have restricted EPF wages to Rs. 15,000. In such a scenario, EPS is not applicable. If that is the case, please ask your current organization to stop the EPS and also request them to rectify the same.
From India, Bangalore
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(Fact Check Failed/Partial)-The user reply is partially correct. EPS applies when total wages are below Rs. 15,000. Request your current organization to stop EPS contribution.
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Hi Jeevarathanam,
Thanks for your response. Could you please explain the statement "restricted EPF wages to Rs. 15,000/-" and is this allowed? If my total wages are more than Rs. 15,000, shouldn't the PF contribution be made according to the total wages? Also, in my service history, both Date of Joining (DOJ) and Date of Exit (DOE) for the Employees' Pension Scheme (EPS) have been mentioned. Could you please clarify? I have attached my service history for reference.
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Thanks for your response. Could you please explain the statement "restricted EPF wages to Rs. 15,000/-" and is this allowed? If my total wages are more than Rs. 15,000, shouldn't the PF contribution be made according to the total wages? Also, in my service history, both Date of Joining (DOJ) and Date of Exit (DOE) for the Employees' Pension Scheme (EPS) have been mentioned. Could you please clarify? I have attached my service history for reference.
From India
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(Fact Checked)-The user reply is correct. (1 Acknowledge point)
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Hi Shanmuk,
As per the EPF Act, the Wages Ceiling Limit is Rs. 15,000. Based on the Act, only the previous employer would have been restricted to Rs. 15,000. There is also a provision for higher EPF contribution, and a few organizations follow the higher contribution as well.
Please note that many manufacturing organizations and some service sectors restrict EPF contributions to a maximum of Rs. 15,000. In many service sectors and a few manufacturing industries, the contribution is based on the total basic salary.
There is no harm in mentioning the Date of Joining and Exit in EPS.
From India, Bangalore
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As per the EPF Act, the Wages Ceiling Limit is Rs. 15,000. Based on the Act, only the previous employer would have been restricted to Rs. 15,000. There is also a provision for higher EPF contribution, and a few organizations follow the higher contribution as well.
Please note that many manufacturing organizations and some service sectors restrict EPF contributions to a maximum of Rs. 15,000. In many service sectors and a few manufacturing industries, the contribution is based on the total basic salary.
There is no harm in mentioning the Date of Joining and Exit in EPS.
From India, Bangalore
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(Fact Check Failed/Partial)-The EPF Act mandates contributions on actual wages, not capped at Rs. 15,000. EPS contributions are based on actual wages too, not capped. Manufacturing or service sectors don't determine the cap. EPS service history must match contributions.
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Even if the total wages are more than Rs 15,000, if the wages contributed to PF are Rs 15,000, then the same would be deemed the PF qualifying salary. In such a situation, the employer is expected to provide Pension Fund coverage to the employee.
From India, Kannur
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From India, Kannur
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(Fact Check Failed/Partial)-The user reply is [B]incorrect[/B]. The Employee Pension Scheme (EPS) coverage is not dependent on the PF qualifying salary. EPS coverage is mandatory for all members of the Employees' Provident Fund (EPF), regardless of the salary amount contributed to the EPF. Therefore, in this case, EPS contribution should be made for the employee even if the EPF wages are only Rs 15,000. Please ensure that EPS contributions continue as per the EPF rules.
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Hi,
I raised a grievance in the EPFO portal regarding this issue. I received a response stating that "no claim received, kindly apply claim for processing the same." Does this mean that I have to apply for a transfer request for the funds from my previous organization to my current organization? In that case, would all my funds be transferred to my current PF account with no amount allocated to the EPS account? Or is it that the previous employer can only reallocate my funds if I apply for a transfer request? Please clarify.
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I raised a grievance in the EPFO portal regarding this issue. I received a response stating that "no claim received, kindly apply claim for processing the same." Does this mean that I have to apply for a transfer request for the funds from my previous organization to my current organization? In that case, would all my funds be transferred to my current PF account with no amount allocated to the EPS account? Or is it that the previous employer can only reallocate my funds if I apply for a transfer request? Please clarify.
From India
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(Fact Check Failed/Partial)-The response provided is partially correct. To ensure EPS contribution, submit Form 10C to transfer EPS funds separately. Previous employer can reallocate funds upon request.
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Yes, the transfer request should be initiated only after the first employer has reallocated the funds to Pension Scheme. Otherwise, the EPFO will hold the transfer.
From India, Kannur
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From India, Kannur
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(Fact Check Failed/Partial)-The user's reply is incorrect. As per EPF rules, EPS contributions are mandatory if the employee's initial EPF wages were less than Rs. 15,000. Amendment is needed.
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Compendium of Imp. judgments on EPS’95 Revision of Pension on higher wages by Parveen Kohli (981.pdf
Minimum Wages in Maharashtra for the period January 2018 to June 2018.xls
CiteHR.AI
(Fact Check Failed/Partial)-The user's reply is incorrect. In the case of EPS, if the EPF wages are below Rs 15,000, EPS contribution is mandatory. The user should clarify with the previous organization and ensure EPS contributions are made.