Hello,
There is indeed merit the in argument put forth by Madhu as well as Kamesh.
In our case, fixing salary for PF contribution at 6,500/- is definitely not a wind screen. We are paying 12% on FULL SALARY even today & have been paying it right from the date of coverage. We have a single consolidated salary, unlike many organisations with a low basic salary & all sorts of allowances.
The employee with the lowest as well as highest salary is agreeable to the change. We also have employees with high salary as well as low salary, who wish to remain in excluded category even after proposing to fix the limit at Rs. 6,500/-, though the organization is willing to cover them.
Also, there is a lot of merit in employees wanting to have maximum take home with minimum deductions. One of our empolyee simply told me, Sir, in order to reach retirement, I have 25 years to go. But we need to survive today to see retirement & who know what would be the REAL worth of that retirement corpus when I get it.