How Does the New EPF Wage Ceiling Increase Impact Your Benefits?

Enhancement of Wage Ceiling in EPF

The wage ceiling for the Employees' Provident Fund (EPF) has been enhanced from ₹6,500 to ₹15,000. This change aims to increase the coverage and benefits for employees under the EPF scheme.

Regards.

Hi, kindly clarify from which month the EPF ceiling has been increased. I am waiting for your reply.

Thank you.

Thank you for your immediate reply. I have checked with the PF office, and they informed me that they have not yet received the notification. Once they receive it, they will know from which month it should be implemented. The notification to the PF office will also be published in newspapers.

Hi, the final notification has not yet come. We will have to wait until the confirmation comes from PF.

Regards,
Avinash K.

The enhancement of the wage ceiling from ₹6,500 to ₹15,000 per month, in principle, has been decided by the PF Authority as per the recent circular issued by them. However, the date of implementation is yet to be published. Please wait for the notification regarding the enhancement of the threshold limit to ₹15,000 per month. In the notification, you will find more details, including the effective date.

Regards.

Please find attached the Circular on Enhancement of Wage Ceiling. This is applicable from 1st Sept 2014.

Regards,
Sharad

A notification has been issued by the PF office a few days ago, wherein it is mentioned that the PF ceiling from ₹6,500 per month has been hiked to ₹15,000 per month, effective from 1st September 2014. Hence, PF contributions for September shall be deposited by the 15th of October 2014 in accordance with the new notification.

Until August 2014, all employees drawing a salary up to ₹6,500 per month (basic, DA, and retention allowance) were covered under the PF Act. It is important to note that PF contributions for August shall be deposited by the 15th of September 2014.

Due to the aforementioned new notification, employees earning a salary of up to ₹15,000 per month as basic, DA, and retention allowance will now be covered under the PF Act starting from 1st September 2014.

You can view the notification by visiting the EPFO website at www.epfo.

Thank you.