Circular Regarding EPF Wage Limit To Rs 15000/- W.e.f. 01.09.2014 - CiteHR
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Dear Friends / Experts, Please find enclosed Circular of PF Wage limit raise to Rs. 15000/- w.e.f. 01.09.2014. Regards, Arihant

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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.
Thanks

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