Hello everyone, the PF wages ceiling has increased from 6,500 to 15,000. A notification regarding the same is likely to be issued shortly. Please refer to the attachment.
Dear All, if an employee's basic salary is increased from $14,000 to $16,000, and his EPFO contribution is being deducted from his previous basic salary, the question arises: after the increase in their basic salary, will he still be a member of EPFO? If so, please share with me the EPFO notification or guidelines.
As per the Act, the employer will pay his contribution until Basic + VDA is $15,000.
If you are knowledgeable about any fact, resource or experience related to this topic - please add your views. For articles and copyrighted material please only cite the original source link. Each contribution will make this page a resource useful for everyone. Join To Contribute