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EPS Wages are the amount on which the employer’s share of the Employee Pension Scheme contribution is calculated. The EPS amount can only be withdrawn once the worker has left the company. However, the share of the employer’s contribution is counted as wages.
Calculation:
If an employer makes an EPS contribution on an employee’s basic salary of Rs. X the quantity of basic salary i.e. Rs. X is going to be considered as EPS wages.
Also, See: EPF Wages | Edli Wages |
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