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A contractual employee was drawing salary at the appointment prior to 01/09/2014 was drawing more than Rs 6500 PM. He was not covered under the PF Act and Employees Pension scheme. There has been amendment in PF Act and EPS. Will he be covered now? His salary is more than 6500 and less than 15000. Your expert opinion please.
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PF Recent amendment on 01/09/2014 ceiling limit was increased in 6500.00 to 15000.00.
What are the Basic+DA you provided in your employee you should contribute the PF.
Ceiling Limit : 6500.00 (Pension fund 8.33% - 541.00)
New (W.e.f.01/09/2014)
Ceiling Limit : 15000.00 (Pension fund 8.33% - 1250.00)
Your basic above the old ceiling limit and below new ceiling limit you should pay for actual basic.Your basic increased new ceiling limit of 15000.00 in not to mandatory to paid.
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