The Government will pay full employers contribution including EPF and EPS w.e.f 01/04/2018 for a period of three years (3 YEARS) for the new employees and to the exiting beneficiaries for the renaming period. The scheme is valid for existing employees enrolled in the scheme and new employees enrolled till 31st March 2019.
Click here Download official Notification
Prior to 01/04/2018 the Government was paying only EPS contribution.
As per PMRPY – Pradhan Mantri Rozgar Prtosahan Yojana (PMRPY) all such first time employees whose gross wages are less than 15,000/- per month and who are taken on first employment by an establishment shall be eligible for the benefit. More details about the scheme are available from https://pmrpy.gov.in/
However still three has been no clarity as to what all should be construed as gross wages. Which all components of pay should be considered as part of gross wages while the employee is being registered under PMRPY Scheme. Will keep you posted further on any further development.
Direct link to download notification:Â https://blog.sgcservices.com/wp-content/uploads/2018/04/CAIU_Amendment_PMRPY_1854.pdf
