enhanced pension

with respect to the latest supreme court judgement on EPF, can all members start contributing @ 8.33% of actual salary even if not done till date. i have been contributing only 12% on Rs 15000/-. My employer has also contributed equally. But, can i start contributing on actual basic & DA from now. Please clarify more  

View all 9 comments Below 9 comments
Factors you should consider before opting for higher pension under EPS scheme - http://www.ecoti.in/2pivSY11

Regards,
Arvind Patel


> On 05-Apr-2019, at 5:40 PM, Srividya RAMAKRISHNAN <support@localcirclesmail.com> wrote:
>
>
>
>
> Srividya RAMAKRISHNAN
> Srividya RAMAKRISHNAN posted a message in "myEPF ".
> Subject: enhanced pension.
> with respect to the latest supreme court judgement on EPF, can all members start contributing @ 8.33% of actual salary even if not done till date. i have been contributing only 12% on Rs 15000/-. My employer has also contributed equally. But, can i start contributing on actual basic & DA from now. Please clarify
> Reply Reply to this email to post a comment.
>
> If you believe that this post is inappropriate for this Circle, report it.
> If you don't want to receive emails from us in future, please Unsubscribe.
> more  
SC has ruled that Pension is payable on the full salary provided the retired personnel from various private and public sector organisations pay/remit the difference in contribution with interest to PF office. I don't understand the modalilites to calculate the difference by those who retired long back and have no records to calculate. Will the respective employers do the calculation on behalf of the retired employees and inform them the differential amount to be paid by such employees to PF office?. Any one who can help in this.......please. more  
In view of SC ruling in Marthwada Garamina bank Karmachari Sangatan case in SLP No.1205/2009, the EPFO has issued a circular to its Departmental Officers not press the employee to contribute on Salary more than Rs.15000 p.m vide. Circular No. c-I/1/112/2017 (Tech Mahendra Ref)/22486 dt.03/01/2018.
Accordingly, No employee/employer is obliged to contribute on wages above Rs.15000 P.M. (Except both employee & employer wants to contribute on higher wages voluntarily.) more  
Now as per statutory, you will contribute 12% on your salary(basic+DA) and equal contribution to be done by your employer towards P F.. Out of employer's contribution, 8.33% of Rs 15,000/- I.e ₹1250/- goes to pension fund I.e EPS'95 from which you will get pension after 58 years of age. Now govt. to give orders for increasing of allowable salary. The SC judgement is for old cases before 2014. more  
what will be the situation if the employer does not want to contribute on actual salary? more  
The Orders silent on various aspects. However as an individual it is good that you save whatever you can in EPF for your old age requirements. The money is safe so for. more  

Related Posts

    • Date of Exit update in UAN portal by employer

      My employer took three month to settle my final dues and not updated my date of exit in UAN portal and says only after crediting my final PF contribution they can update the DOE is there any other ...

      By Vijayakumar Natarajan
      /
    • INTEREST ON PF

      Please be informed that no interest will be paid of PF accounts where there is no contribution from both the employer as well as employee for more than two years. It is suggested that the accumula...

      By SUBRAMANIAN PALLAVOOR
      /
    • INTREST AMOUNT PF

      Please help i was working private company 2006 & left the company in 2008.now company was create my UAN but i was seen my passbook only year 2009 to 2011 interest appear on my PF passbook, ba...

      By CHANDRAKANT ZANKE
      /
    • interest on contribution in EPFO when the person is not in service since last 4 years

      Dear sir, I am not in any job throughout country and my contribution in EPFO is not being done by me as well as by my employer. I have got interest on my contribution till 2017-18. I want to know...

      By Sushil Kumar Goel
      /
    • pension contribution

      please help how can i withdraw pension contribution from my PF account??

      By CHANDRAKANT ZANKE
      /
    • PF Online withdrawal claim processing timeline

      Hello, Is there any timeline when the PF office processes the PF withdrawal claim raised online?

      By Rajat Palav
      /
    • Good work EPFO

      The Employees Provident Fund Organisation (EPFO) has simplified the process to withdraw one’s provident fund account balance, from multiple forms to a single online form and this is applicabl...

      By Naveen Goel
      /
    • Accessing your EPFO details

      Employees' Provident Fund Organisation which recently announced EPF interest rate increase to 8.65%, is expected to credit the EPF interest rate in members' account for the previous financial year....

      By Naveen Goel
      /
    • How to claim my EPF online

      Dear Experts, I am in urgent need of money due to family medical emergency. I tried to claim my EPF online(Online Services->ONLINE CLAIM (FORM 31,19 & 10C)). But after logging through UAN nu...

      By Sanman Kelkar
      /
    • PF withdraw

      i was working 3 year i:e 2006-2008 in private organisation but last 10 years i was not withdraw my PF that time only PF account no so now i want to withdraw my PF..but previous company not enter t...

      By CHANDRAKANT ZANKE
      /
    • PF Family Pension not received

      I had a long service with one organisation. But since my department of that organization was merged with another organization, technically I had PF from 2 companies (their own trusts). PF (Only PF ...

      By RT RAJ
      /
Share To
Enter your email & mobile number and we will send you the instructions

Note - The email can sometime gets delivered to the spam folder, so the instruction will be send to your mobile as well

Please select a Circle that you want people to invite to.
Invite to
(Maximum 500 email ids allowed.)