Amit Insha
Hr & Compliance
Natbhuvana
Accountant
+1 Other

This is for the information of all of you that the Employees' Provident Fund Organisation has issued notifications today (28.8.2014) enhancing the wage ceiling for coverage of an employee from Rs.6,500 to Rs.15,000 per month and minimum pension to Rs.1,000 w.e.f. 1st September, 2014. For notifications find the attachment .
From India, Delhi

Attached Files
File Type: pdf Notification_PF_Wages_Amendment_28-Aug-2014.pdf (162.3 KB, 632 views)

Thanks Mr Amit sharma,
Again Govt has taken us for a ride as far as children pension are concerned. All these days they kept claiming that minimum pension will be 1000, but now GO says that children will be entitled for only 25% of mother's pension, limited to a max of 250. which is a pittance.
Any way something is better than nothing. A revision can be expected only after a decade.

From India, Thane
Sir, Pls can you clarify :- so far,the deduction was 780/- p.m. Does it mean from Sep 2014 onwards will it be 1000/- p.m ??? thq.
From United Arab Emirates
Hi Natbhuvana, Since the ceiling has been increase from Rs. 6500 to Rs. 15000/-, i think the deduction will be 12% on Rs. 15000 i.e Rs.1800./- Is this corrrect? Thanks, Ravi
From India, Madras
Natbhuvana,
It is the minimum pension which is incresed to 1000. Since your deductions was 780 it is obvious that your salary was more than 6500, now your deductions will be 12% of your applicable salary subject to the ceiling of 15000 (in place 6500 earlier). Hope this clarifies your query.

From India, Thane
Anonymous
Dear All,
As i have seen some where in the EPF site that there will be a enhancement of contribution ceiling amount from Rs 15000 to 25000.
Can any one update me the same so that we can get the clarity on this.

From India, Hyderabad
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