Hi.... can anyone let me know , what is the latest ceiling limit for ESI & PF. Thanks ...
From India, New Delhi
From India, New Delhi
The Employee Provident fund is deducted from the Employee’s monthly salary. The employer also contributes to the PF fund. From 1st September 2014, the EPFO has revised the basic wage limit on which PF contribution will be done from Rs. 6500 to Rs. 15000. Employers have to revise the PF deductions from September 2014 onward for all employees whose basic salary is less than or equal to Rs. 15000.
From India, Hyderabad
9From India, Hyderabad
The maximum/ ceiling limit of PF is 15000 ( Basic Salary). Note that here basic salary is 50% of CTC. A employee who is having basic + DA less than or equae to 15000 as basic salary may cover under PF deductions. If it is more than 15000 than employer is having a option to pay on ceiling amount (15000*12%)=180.
From India, Bangalore
From India, Bangalore
Community Support and Knowledge-base on business, career and organisational prospects and issues - Register and Log In to CiteHR and post your query, download formats and be part of a fostered community of professionals.
Provident Fund - Excluded Employee - Definition.pdf
What is Employee Provident Fund.docx