HR & Payroll
Employee Pension Scheme
EPS
Pension benefit funded by 8.33% of employer's PF contribution, capped at ₹15,000 basic salary.
What it means
EPS is a pension scheme administered by EPFO. From the employer's 12% PF contribution, 8.33% goes to EPS (subject to a salary ceiling of ₹15,000 — so maximum monthly EPS contribution is ₹1,250). EPS pension becomes payable after 10 years of service.
How Easedesk handles Employee Pension Scheme
EPS contribution is computed and reported alongside PF in every monthly ECR. UAN tagging ensures correct pension service accumulation.
Related terms
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