hello every one... pf wages ceiling has increased 6500 to 15000..notification for the same is likely to be issued shortly. see the attachment... thanks
From India, Chandigarh
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140From India, Chandigarh
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Dear All, if an employee's basic salary is increased from $14,000 to $16,000, and his EPFO contribution is being deducted from his previous basic salary, the question arises: after the increase in their basic salary, will he still be a member of EPFO? If so, please share with me the EPFO notification or guidelines.
As per the Act, the employer will pay his contribution until Basic + VDA is $15,000.
From India, Gurgaon
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As per the Act, the employer will pay his contribution until Basic + VDA is $15,000.
From India, Gurgaon
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PF Contribution on Leave Encashment - Clarification by EPFO.pdf