10% contribution by Government in EPF of new employees

[CA-Gourav Garg]

I want to know that if any existing employee of a company whose salary is greater than the specified limit of EPF act, registered under EPF voluntary by his/her employer on or after 01-04-2018 and his employer makes contribution and he/she him/herself makes contribution in EPF. Then whether he/she will eligible for contribution of 10% by government for 3 years as per Budget-2018?

[Nash Industries I Pvt Ltd]

No. It is for newly enrolled employees

[CA-Gourav Garg]

But Sir, He/she will register under EPF first time in april 2017, or

If he or she changed employment to some other company in same group and get register under EPF first time the??

[Nash Industries I Pvt Ltd]

It is UAN ie. the same number irrespective of the employer.

It is for new enrolment and not for the existing PF member

[CA-Gourav Garg]

Thanks Sir, for reply but what if he/she doesnot have any UAN till now and get enrolled first time in EPF on or after April, 2018?

[Ravikumar muthusamy]

eligible

AI Summary

Government contribution to EPF applies only to employees newly enrolled in EPF; existing PF members are not eligible. Government contribution to EPF is limited to new enrolments in EPF on or after April 1, 2018; existing provident fund members who already have UAN or prior PF membership are not eligible, while a person without a prior UAN enrolled for the first time on or after that date is eligible.