This helps to get the money in case of sudden demise of member. EPF Universal Account Number (UAN) -What it is?.Employee Provident Fund (EPF) -Changed rules from 1st Sept 2014. Please go through it and available in below link. The detailed, recent changes are written in my earlier post. Only employees who are eligible to stay away from this scheme are those whose salary are more than Rs.15, 000 at the entry of employment.Ĥ) What is the contribution percentage of employer and employee? But in March 2015 your salary revised and crossed the limit of Rs.15, 000 then too you need to continue with this scheme. So for example, this month your salary is Rs.14, 000 and you are a member of this scheme. Also remember that if your salary at the time of entry is Rs.15, 000 or less than that, but after a few years or a month if your salary revised then raised to more than Rs.15, 000, then in that case too member must continue with this scheme. Salary for this purpose is only BASIC+DA. If a member is considered as an apprentice then he will not come under EPF.ģ) What do you mean by salary for this purpose?.An employee whose salary (BASIC+DA) at the time of entry into scheme more than Rs.15, 000.An employee who was a member of this scheme and withdrawn all amounts of his contribution based on either retirement from service after attaining age of 55 years or who migrating abroad for permanent settlement.2) Which employees are excluded from this scheme?
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