EPS contribution

Indira (CA ) (1381 Points)

21 February 2023  

Hi

Subscribers of the Employees’ Provident Fund Organisation (EPFO), who hadn’t opted for higher pension under a previous window, will now have the facility to exercise the option. Employees who were existing Employees’ Pension Scheme (EPS) members as on September 1, 2014 can contribute up to 8.33% of their ‘actual’ salaries — as against 8.33% of the capped salary — towards pension. Is it applicable to all employees?

Thanks