📅 EPS Compliance Experts

EPS Compliance – Ensure Your Employees' Pension Benefits

Under the Employees' Pension Scheme (EPS), 1995, employers must contribute 8.33% of wages (capped at ₹15,000) towards employee pension. Ensure accurate calculation, timely remittance, and full compliance to avoid penalties and secure your employees' retirement.

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About EPS Compliance Service

The Employees' Pension Scheme (EPS), 1995 is a social security scheme that provides monthly pension to employees after retirement. Employers must contribute 8.33% of the employee's monthly wages (subject to a ceiling of ₹15,000) towards EPS. This contribution is part of the employer's 12% EPF contribution. Non-compliance can lead to penalties, interest, and denial of pension benefits to employees. Our service ensures your EPS contributions are correctly calculated, timely remitted, and properly reported.

📌 Key EPS Compliance Requirements:
• Monthly contribution: 8.33% of wages (capped at ₹15,000) – part of employer share.
• Wage ceiling: ₹15,000 per month (for members joining after 2014).
• Pensionable service: Minimum 10 years required for monthly pension.
• Family pension: Spouse and children eligible after member's death.
• ECR filing: EPS contributions reported in monthly ECR along with EPF.

EPS Compliance Checklist

✅ Correct EPS contribution calculation (8.33% on wages up to ₹15,000)
✅ Timely ECR filing with EPS contribution by 15th of each month
✅ Accurate maintenance of pensionable service records
✅ Proper wage ceiling application for new vs. existing members
✅ e-Nomination updated for family pension
✅ Timely submission of Form 10D for pension commencement

What We Offer

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Contribution Calculation

Accurate calculation of monthly EPS contributions based on employee wages and wage ceiling rules.

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ECR Filing Support

Assist in filing ECR with correct EPS contributions and administrative charges.

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Service Reconciliation

Ensure all past employments are linked to calculate total pensionable service correctly.

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Pension Calculation

Compute expected monthly pension for retiring employees based on service and salary.

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Family Pension Support

Assist with family pension claims (widow/child) and e-Nomination updates.

Compliance Audit

Review past EPS filings for errors, identify underpayments, and help rectify.

Our EPS Compliance Process

1

Data Collection

Gather employee wage details, past service records, and contribution history.

2

Contribution Verification

Verify that EPS contributions are correctly calculated and remitted monthly.

3

Service Reconciliation

Ensure all past employments are linked to UAN for correct pensionable service.

4

Compliance Reporting

Provide monthly/quarterly compliance reports and identify any gaps.

5

Rectification & Support

Correct any past errors, file revised returns, and assist with pension claims.

Why Choose FOGS for EPS Compliance

✔️ 400+ establishments compliant
✔️ Expert in EPS rules and wage ceiling
✔️ Accurate pensionable service reconciliation
✔️ Family pension claim assistance
✔️ Error-free ECR filing
✔️ Penalty prevention and reduction

Frequently Asked Questions on EPS Compliance

What is the EPS contribution rate and wage ceiling?
Employers contribute 8.33% of employee's monthly wages (basic+DA) towards EPS, subject to a wage ceiling of ₹15,000 per month. For employees earning above ₹15,000, the contribution is capped at ₹1,250 (8.33% of 15,000).
What is the difference between EPS contribution and EPF contribution?
The employer's total contribution is 12% of wages. Out of this, 8.33% goes to EPS (pension) and the remaining 3.67% goes to EPF (provident fund). Employee contributes 12% to EPF.
What is the minimum service required for monthly pension under EPS?
A member must have at least 10 years of pensionable service (including transferred service) to qualify for monthly pension. If less than 10 years, they can withdraw the EPS contribution via Form 10C.
How is pensionable service calculated?
Pensionable service is the total years of service under EPS across all employers, provided transfers are completed. Service is counted in years, with any fraction of 6 months or more rounded to the next year. Maximum considered is 35 years.
What if an employee's EPS contribution is not deposited?
Non-deposit of EPS contributions can lead to penalties, interest, and denial of pension benefits. We help employers rectify defaults and file revised returns to avoid legal action.

Ensure Full EPS Compliance with Expert Support

Protect your employees' pension benefits and avoid penalties. Let our experts handle your EPS contributions, reconciliation, and compliance.

📞 +91 8891909965
✉️ support@fogsconsultants.com
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