Social contribution to Indian EPF account

Last activity 14 May 2019 by zif

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hari.pushpavanamMember11 May 2019 04:23:24

Hello Friends,
I understand as per agreement, Indian employee can continue to contribute the EPF account instead of social contribution to Hungary. Can you please how does the benefits work and what percentage has to be put in minimum to use this alternative method of continuing with the home country pension.

Thanks in advance.

Regards,
Hari.P

zifSerial expat14 May 2019 15:35:30

624

There is such an agreement, but it only seems to apply to Indians who have been seconded to work in Hungary by their Indian employer. So if you're working in Hungary for a Hungarian firm with no relationship to India or if you are self-employed, then the agreement doesn't seem to apply.

Here's a brief summary:

www.pwc.com/gx/en/hr-management-service … eement.pdf

Here's the text of the agreement:

www.mea.gov.in/images/pdf/ssa-hungary.pdf

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