UPSC EPFO Salary: Promotions, In-hand Salary for EO/AO, Basic Pay

What's New?

The EPFO salary 2023 is decided on the basis of the 7th pay commission. The UPSC salary for Enforcement Officer/Account Officer (EO/AO) in EPFO is INR 47,600. The EPFO salary lies in the range of the pay matrix of Level 8 and Level 10. The basic pay component of EPFO salary along with dearness allowance, house allowance, and transport allowances makes up the total salary.

UPSC EPFO Salary is decided as per the 7th pay commission. The EPFO salary includes various benefits such as Dearness Allowance (DA), House Rent Allowance (HRA), and Transport Allowance (TA). These allowances are subject to revision and may vary based on the employee's posting location and other factors.

The UPSC EPFO in-hand salary for an Enforcement Officer/Account Officer is approximately Rs 79,000/-. As per EPFO AO salary slip, an officer receives an approximate salary of Rs 80,000. The pay scale for the UPSC EO/AO ranged from level 8 to level 10 in the Pay Matrix, with the initial pay at level 8 being Rs. 47,600 (basic pay).

The UPSC EPFO salary is one of the motivating factors for candidates to join as an Enforcement Officer or Account Officer in EPFO. As per UPSC EPFO job profile, selected candidate is responsible for administrating the provident fund accounts, processing the claims of employees, and managing news employees and employers under the scheme. 

Also Read: UPSC EPFO Exam 2023

EPFO Salary

Candidates selected for the EO/AO position at EPFO fall under the category of Non-ministerial General Central Service Group "B" posts. While the Account Officer typically works at a desk and reports to the department, the Enforcement Officer is in charge of enforcing laws and regulations in the designated location. The position is full-time, permanent, and pays a respectable base salary in addition to a number of benefits.

EPFO Salary Structure

Candidates joining as EO/AO receive a basic salary of Rs 47,600 with grade pay of Rs 4800/-. Selected candidates upon joining receive their salary at pay matrix level - 8. The EPFO salary structure includes different types of allowances and benefits which are discussed below:

Basic Pay: Rs. 47600 (Level 8 in 7th CPC)

Dearness Allowance (DA): 17% of basic pay = Rs. 8092

(It is expected that dearness allowance will be 30-32% at the time of joining)

HRA : 24% of basic pay = Rs. 11424

TPA: Rs. 3600

DA on Travelling Allowance: 17% of 3600 = Rs. 612

So, Total salary = 47600 + 8092 + 11424 + 3600 + 612 = 71328/-

Also, Government contributes 14% of (Basic pay+DA) as NPS contribution = 14% of (47600+8092) = Rs. 7797

GROSS SALARY = 71328 + 7797 = 79125/- (approx)

EPFO Perks & Allowances

Candidates selected as EO/AOs receive a wide range of perks, allowances, and other benefits. These benefits and compensation are given in accordance with governmental regulations. The following are some benefits that Enforcement Officers/Account Officers receive:

Dearness Allowance (DA): The dearness allowance represents a specific portion of the base pay. In accordance with the inflation rate, it either rises or falls.

House Rent Allowance (HRA): Officers who live outside their home towns can request accommodation allowances.

Fixed Medical Allowance (FMA): Additionally, officers are entitled to specific medical benefits. Their medical and healthcare expenses are reimbursed.

Transport Allowance (TPA): The expense of an officer's travel for work-related purposes will be covered.

EPFO Job Profile

Candidates preparing for the EPFO exam must be interested in the job profile of Enforcement Officers/Account Officers. Once you are appointed as EO/AO, you are supposed to fulfill the following duties:

• Officers are expected to conduct inquiries and settlements of claims.
• Enforcement Officers are expected to enforce rules and regulations and make sure organizations comply with EPFO labor laws.
• Summoning employers not complying with laws is also a part of the job.
• Account Officers are expected to maintain account statements and conduct their verifications.

EPFO Promotions

As an EO/AO, you have an immense scope of promotions in EPFO. Candidates can advance to the pay matrix level -13 after starting at pay matrix level -8. Their grade pay at pay matrix level -13 would be 8700, and they would hold the position of Additional Central PF Commissioner. The following table shows the number of promotions and job positions in relation to their pay matrix level:

EPFO Grade Pay & Pay Scale

The grade pay and pay scale for EPFO officers rise as they are promoted to higher positions. The grade pay and pay scale for enforcement officers and account officers are shown in the table below according to the position they hold.

Conclusion

UPSC EPFO salary is adjusted to the inflation rate every year. With every promotion, the grade pay rises. The salary is one of the motivating factors for aspirants preparing for the EPFO exam.