Circular Regarding EPF Wage Limit To Rs 15000/- W.e.f. 01.09.2014 - CiteHR
Cite.Co is a repository of information created by your industry peers and experienced seniors sharing their experience and insights.
Join Us and help by adding your inputs. Contributions From Other Members Follow Below...
Dear Friends / Experts, Please find enclosed Circular of PF Wage limit raise to Rs. 15000/- w.e.f. 01.09.2014. Regards, Arihant

Attached Files
Membership is required for download. Create An Account First
File Type: pdf pf act.pdf (259.5 KB, 1971 views)

This is regarding pension scheme and not PF Limits applicable to All Private employers. Please update
Dear all AS per PF basic salary increased, so how to calculate 20000/ salaries employee pf calculation, pls .understand me with example. Regards Vinod
Dear Vinod,
Rs.20000 is Gross salary or Basic Salary?
If it is Basic salary , you can do the calculation considering PF wage limit as 15000/ i,e. 15000*12% Employer Contribution and 8.33%, Rs.1250, EPS. 3.67% ( Rs.550) EPF by Employer. OR if your company opt for no PF contribution for employees having Basic +DA is more then 15K, they can opt for that.
Now, 1.16 % Central Govt Charge , what I understand from new circular dated: 1.09.14 is that if employee want to continue the EPF account having Basic salary+ DA is more then 15K, member has to pay this charges to avail the pension scheme or else pension amount will be diverted to EPF account. ( clarification is required on this)
If it is Gross salary you can take out % of it as Basic salary as per your company salary structure and the calculation can be done for EPF. contribution.

This discussion thread is closed. If you want to continue this discussion or have a follow up question, please post it on the network.
Add the url of this thread if you want to cite this discussion.

About Us Advertise Contact Us
Privacy Policy Disclaimer Terms Of Service

All rights reserved @ 2020 Cite.Co™