Pension Fund contributions require timely employer remittances, capped wage calculations, and enhanced funding for eligible joint-option members. Pension Fund financing requires employers to remit 8.33% of each employee's wages, up to the notified wage ceiling, to the Central Board within 15 days ... Summary
Pension Fund contributions require timely employer remittances, capped wage calculations, and enhanced funding for eligible joint-option members.
Pension Fund financing requires employers to remit 8.33% of each employee's wages, up to the notified wage ceiling, to the Central Board within 15 days after each month closes. Employers bear remittance costs. The Central Government contributes 1.16% of members' wages, capped at Rs. 15,000 per month, while eligible joint-option members are subject to enhanced employer funding on wages exceeding Rs. 15,000 per month.
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