I work in the HR department of a small company that is looking for a salary structure to avoid higher PF contributions after the new amendments in PF law. Does anyone have a new structure or suggestions?
I believe your query pertains to the ceiling hike of salary to Rs. 15,000/- and the minimum pension of Rs. 1,000/-. To my knowledge, EPFO has not released any circular regarding this matter. I anticipate that the aforementioned proposal may be implemented starting from the 1st of April, 2014. However, please wait for the release of the circular by EPFO.
Regards,
Abbas.P.S
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