EPFO Higher Pension Calculation 2023 Employees, who have been EPF members before 1st September 2014, will get an option to contribute 8.33% of their actual Basic+DA payments towards EPS. PF Member will soon have the opportunity to pay 8.33% of basic salary and dearness allowance (if applicable) to the Employee Pension Scheme (EPS) if joined the EPF before to 1 September 2014. Soon, further information about this choice and an online form to request a higher pension is now available on the website of the Employees Provident Fund Organization (EPFO). The maximum amount that a Member can currently contribute to EPF account is 12% of Basic Salary plus Dearness Allowance. The employer makes an equal 12% contribution, of which 8.33% goes to EPS and 3.67% goes to the employee's EPF account. The statutory wage ceiling of INR. 15,000/- determines the employer's 8.33% contribution, thus only INR. 1,250/- (8.33% of INR. 15,000) is deposited into EPS account each month. Members who have b...