Regarding EPF [Thread 483071] - CiteHR
Alphonse
Manager -hr&a
Abbasiti
Assistant Engineer, Indian Telephone Industries,
Hardik K. Shah
Sr.hr Officer

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Respect sir / mam in EPF the new amendment is done n now its implemented in practice the limit is rise from 6500rs. to 15000 rs.
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Dear friend

The PF ceiling of Rs. 6500 will continue up to 31.03.2014 and the new slab will be comming in effect from 01.04.2014 I am furnishing the notification for your reference

Regards

Alphonse

9443625359

BREAKING NEWS

WAGE CEILING FOR PF COVERAGE TO BE RAISED TO RS.15,000 per month

Also monthly pension Rs.1000 per month

The Finance Ministry has approved a proposal for providing a minimum monthly pension of Rs. 1,000 to workers in the organised sector, a move which would benefit 27 lakh pensioners immediately.

The ministry has also approved a proposal for raising the basic wage ceiling under the Employees Provident Fund Scheme to Rs. 15,000, from existing Rs. 6,500 per month .

At present, there are about 44 lakh pensioners. Of this 27 lakh, including 5 lakh widows, get less than Rs. 1,000 a month.

The government will provide additional contribution of Rs. 1,217 crore to ensure the minimum monthly pension of Rs. 1,000 starting 2014-15. Pensioners are, therefore, expected to get benefit with effect from April 1 this year.

Labour Minister Oscar Fernandes, however, is yet to decide on whether the move requires the Cabinet approval or not.

The Labour Ministry's proposal on giving a minimum monthly pension of Rs. 1,000 under the EPS-95, run by the Employees' Provident Fund Organisation (EPFO), has been pending for a long time.

Earlier, the Labour Ministry had proposed that government should increase contribution on EPS-95 from 1.16 per cent of basic wage to 1.79 per cent to ensure minimum pension.

However, it did not find favour with the Finance Ministry as this would have resulted in a permanent increase in its contribution.

The Labour Ministry in its revised proposal has asked the Finance Ministry to provide for around Rs. 1,217 crore additional amount every year, and indicated that this amount can come down over a period of time with more members subscribing to EPS-95.
Dear Hardik and Alphonse, After approval of the appropriate authorities, the subject of the above news have to be ratified through EPFO circulars. Till then take it as a possibilty. Abbas.P.S
abbasiti Now this things apply and the notification come for the EPF And when the applicable
Respected all,
now their is any new amendment with notification in labour law
just same like as EPF still the notification is not come into force,
if their is any new amendment with notification please Give your valuable GUIDANCE.
REGARD
HARDIK SHAH
7878196828
RESPECTED ALL Its now notification come into force for EPF the celling limit is increase up to 15000 ???????? if any please attach notification given by central government.. regard Hardik Shah
Respected all
in the apprentice act1961 , what the stipend paid by the employer to the apprentice
and their is any obligation by the employer towards the apprentice and what the apprentice person get the stipend from the institute.
give your valuable guidance
Regard
Hardik shah
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