Epfo online apply

Synopsis ​​Higher EPS pension: The latest circular is applicable for an eligible employee who does not have proof of joint request/undertaking/permission for making a contribution to the EPF account on full/higher salary (for those where basic salary exceeded the wage limit). The circular is intended to provide the relief and ease the process of applying for higher pension from EPS. The circular, dated June 14, 2023, is applicable for an eligible employee who does not have proof of joint request/undertaking/permission (required for making a contribution to the EPF account on full/higher salary for those where basic salary exceeded the wage limit). In such cases, the EPFO field offices can accept higher pension applications as per the following procedure. Field offices are required to verify that: • Employer’s share of PF contribution has been remitted on employee’s pay exceeding the prevalent statutory wage ceiling of Rs 5000/Rs 6500/Rs 15000 per month from the day the pay exceeded the wage ceiling or Nov 16, 1995, whichever is later, till date/till the date of retirement or superannuation as the case may be AND • Administrative charges payable by the employer have been remitted on such higher wages AND • EPF account of employee has been updated with interest as per Para 60 of EPFS, 1952, on the basis of such contribution received. Along with the specified process, the field offices need to ensure that at least one of the following documents is submitted along with the joi...

EPFO Higher pension deadline: Despite the looming deadline of June 26, 2023, to apply for a higher pension with the Employees Provident Fund Organisation (EPFO), there is still a lack of clarity on the range of issues such as how payment and calculation will be done, how discrepancies between wage records maintained at EPFO level and that maintained at the level of employer will be resolved. Similarly, what would happen if one of the employers is no longer in existence or has merged. Given the confusion, experts say the deadline may be extended again, although chances are low as the deadline has already been extended twice by the EPFO. “The EPFO is expected to issue additional guidance on how the higher pension would be calculated. Further, once the EPFO scrutinises each application, there could be lack of clarity on how transfers from the EPF account to the EPS account will be undertaken and how discrepancies between wage records maintained at EPFO level and that maintained at the level of employer will be resolved. What would happen if one of the employers is no longer in existence or has merged? These are some of the open questions,” said Sowmya Kumar, Partner, INDUSLAW. Will the deadline be extended again? “For those who have retired how the payment and calculations will do done is still not clear, and therefore there are chances that the deadline can be extended again,” said Shantala Kumble, Senior Vice President, International Money Matters, a Sebi-registere...