Have You Heard About the New PF and ESIC Limits? Let's Discuss the Latest Updates!

In today's Kannada newspaper, it is published that the PF limit has been increased from Rs. 6,500 to Rs. 15,000. Additionally, ESIC has been increased from Rs. 5,000 to Rs. 25,000, as announced by Union Labour Minister Mr. K. Suresh. Please find the attachment with the information.

If anyone has received the Gazetted Notification, kindly share the same.

Thanks & Regards,
Shashidhara.GK

Thank you for sharing the news. May I request you or another member to translate the same? What is the exact wording in it? Has the gazette notification been released? I am not aware of it so far.

Please check the following link for the PF limit increase from Rs. 6,500 to Rs. 15,000 and also ESIC from Rs. 5,000 to Rs. 25,000.

Labour Ministry to Propose Hike in Wage Limit for PF - Indian Express

Understanding Recent PF and ESIC Announcements

Please do not worry about these developments. The Provident Fund (P.F.) still stands at Rs. 6,500, and the Employees' State Insurance Corporation (ESIC) stands at Rs. 15,000.

With the election around the corner, any such proposal needs detailed discussions in the Cabinet. The Cabinet needs to approve such proposals, and then they must be sent to the President for approval. After that, it has to be NOTIFIED/GAZETTED.

Meanwhile, there may be lobbying from corporations to postpone or even discard such proposals.

Let us wait to see if these changes are AMENDED, NOTIFIED, and GAZETTED. If it passes through various procedures, the effective date will be communicated. Until then, let us continue with our current practices.

Thanks for your understanding.

Regards,

Observations on Legislative Processes

There was much concern when the Sexual Harassment Act was introduced, with many interpretations and articles. However, what happened? It has NOT YET BEEN NOTIFIED OR GAZETTED. The Central Government has yet to frame rules for it!

So, for any Central or State Act, let us wait for the proper Notification and Gazetting, where the effective date will be communicated in advance.

In India, nothing is implemented immediately, except for "an increase in the prices of essential commodities."

Regards,
Sundararaman, Chennai

Sundar sir is right. It is only a proposal.

Labour Ministry to Propose Hike in Wage Limit for PF - Indian Express

http://www.indianexpress.com/news/la...or-pf/1182304/

[QUOTE=shashi_shashigk@yahoo.com;2099636] Hi All,

Dear Shashi,

When will the ceiling of the PF limit increase from ₹6,500 to ₹15,000? Has it already started, or is it yet to begin? If so, when will it start?

Please inform me via email at [Email Removed For Privacy Reasons] or call me at [Phone Number Removed For Privacy Reasons].

Regards, Martin

I am working as an HR Executive in a Manufacturing Unit. Could you please inform me if the PF limit has been increased by the Central Government throughout India or in any specific region? I belong to Gujarat State.

Thank you.

Salary Ceiling for ESI and EPF Across India

The salary ceiling under ESI or EPF is applicable throughout India wherever it is applicable, not limited to any region.

Regards,
Varghese Mathew

I agree with the above comments of my colleagues. Let us wait until the Gazette Notification comes; till then, let us wait and see. Also, I earnestly request the members, whenever they attach local language news items, to please attach translations into English, as many of us cannot understand the local languages.

Thanks.

Provident Fund Update for Andhra Pradesh

Please find the attachment regarding Andhra Pradesh PF. Today's newspaper published that the PF has increased from ₹6,500 to ₹15,000. Kindly guide me on the calculation and all.

Regards,
Balasubramanyam

Please find attached information regarding the increase in the PF limit from ₹6,500 to ₹15,000.

Thanks,
Nikita

The employees whose pay at the time of joining the establishment is over and above Rs 15,000/- are only required to join the EPF Scheme 1952 and EDLI Scheme 1976 and shall not be eligible to join the EP Scheme 1995. Please provide more details about this query.

Hi,

As per the new proposal, the PF limit can be increased to 25,000 instead of 15,000. Is this information correct?