Contribution amount to EPS
I understand that now PF ceiling has been raised from Rs.6500 to Rs.15000. What should be the EPS contribution amount if anyone's Basic Salary is 15000 ? more
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12% of 15000, i.e Rs. 1800 will be contributed by employer and Rs. 1800 by employee. From the total of Rs. 3600, 1250 will be remitted to Pension Scheme and balance 2350 to the PF account. more
Dec 30
If Basic is Rs.15000, then A/c no.1 is Rs.1800 employee share and 550 employer share and A/c no.10 is 1250 more
Dec 30
EPS Contribution amount will be Rs.1250/- per month if the Basic Salary is greater than or equal to Rs.15000/- per month. more
Dec 30
EPS amount will be 15000 if basic salary is 15000.Note: up to 15000 EPF & EPS wages will be same but if EPF wages is above 15000 then EPS salary will calculate on 15000 not beyond that. On Wednesday, 30 December 2015 7:21 AM, Anubrata Mukherjee wrote: more
Dec 30
