The Employees' Provident Funds and Miscellaneous Provisions Act, 1952 CONTRIBUTION UNDER EPS EPS, (A/C. No.10) Pension contribution is payable by employer only. Pension contribution should not be recovered from employee. Pension contribution not to be paid when: An employee crosses 58 years of age and is still in service (EPS membership ceases on completion of 58 years). An EPS pensioner is drawing Reduced Pension and re-joins as an employee. In both the cases, the pension contribution (8.33%) is to be added to the employer’s share (3.67%) of PF. i.e., total employer’s share (12%) goes to PF only. In case an employee who is not existing EPF/EPS member joins on or after 01.09.2014 with wages above Rs.15, 000/-, no need to pay pension contribution and the total employer’s share (12%) goes to PF only. Get in touch today! Corpmaxx Consultees Labour Law Consultant PF Consultants in Mumbai, Navi Mumbai and Thane | Tax Consultants in Mumbai, Navi Mumbai and Thane | ESIC Consultants in Mumbai, Navi Mumbai and Thane | Shop Establishment Consultants in Mumbai, Navi Mumbai and Thane | Labour Law Consultants in Mumbai, Navi Mumbai and Thane | Labour Licence Consultants in Mumbai, Navi Mumbai and Thane | Professional Tax Consultants in Mumbai, Navi Mumbai and Thane | Shop Act Registration in Mumbai, Navi Mumbai and Thane | Compliance Consultants in Mumbai, Navi Mumbai and Thane | Statutory Compliance Consultants in Mumbai, Navi Mumbai and Thane | MLWF Consultants in Mumbai, Navi Mumbai and Thane | Factory Licence Consultants in Mumbai, Navi Mumbai and Thane Service Areas: Parel, Dadar, Ghatkopar, Vikhroli, Kanjur Marg, Powai, Bhandup, Nahur, Mulund, Thane, Taloja, Wagle Estate, Bhiwandi, Dombivli, Kalyan, Ambernath, Badlapur, Atgaon, Lower Parel, Prabhadevi, Bandra, SantaCruz, Vile Parle, Andheri, Marol-Andheri, Sakinaka, Kandivali, Borivali, Vasai Road, Virar. Chembur, Vashi, Nerul, Belapur CBD, Kharghar, Panvel, Airoli, Rabale, Mahape, Turbhe, Virar, Palghar, Boisar. 07-03-2024