Changes in PF and ESIC Deduction Limits: Have There Been Any Updates?

Dear Sir,

Please let me know if there are any changes in the PF and ESIC maximum limit for PF and ESIC deductions.

Regards,
Sanjay

Mr. Sanjay,

P.F. Gross limit is (BASIC + D.A. + VDA + FDA) = Rs. 6,500. However, management can pay P.F. contribution total P.F. Gross, but EPS will be paid on Rs. 6,500 only.

For example, if one employee draws a P.F. Gross of Rs. 7,500, then the employee contribution is Rs. 7,500 x 12% = goes to EPF Account (A/c No.1). The employer contribution is 8.33% on Rs. 6,500 (i.e., Rs. 541) goes to EPS Account (A/c No.10), and the rest goes to EPF account (A/c No.1).

ESIC Limit is Rs. 10,000 Gross.

S.N. Swamy