Every employee in the organised sector contributes 12% of basic salary and dearness allowance to EPF. In March 1996, the EPS Act was amended to allow members to raise pension contribution to 8.33% of full salary (basic + DA) irrespective of what the salary is. So, by paying Rs 2.14 lakh extra, Kohli was able to raise his lifelong pension by nearly 13 times. Yes, all those who joined EPFO before September 1, 2014 - the date on which the EPS imposed the Rs 15,000 salary cap - can contribute on their full salary to EPS. It's likely that members of private trusts or the trusts themselves will go to the court to settle the issue.

Source: Times of India November 21, 2017 19:30 UTC