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?
10% contribution by Government in EPF of new employees
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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. (AI Summary)
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. (AI Summary)
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