Provident Fund Enhancement Of Wage Celling From Rs. 6500/- To 15000/-

Ganesh,
As per my information, this is proposed celling Figure which needs to be approved by Rajya Sabha- Upper House of the Parliament of India followed by President's approval too.
Correct me if I am wrong.

Dear All,
Now UAN are allotted to all EPF members by PF Department you can check the UAN of your all employees through your EPFO login. EPFO all issued a notice for all employers.same is attached here.
complete processor is given on EPFO website.

Thanks for update regarding the enhancement of PF deduction limit up to Rs.15,000/- . We have to wait for Notification on this behalf.
Sudhir Bhardwaj

What are the ways to ensure people still don't fight for increasing their salary as they have PF deductions happening due to latest changes in the PF guidelines

Dear Senior,
As we all know that if emplyee's limit exceeds 19 then PF registration is essentin.But if our employee's strength is 14 & we are going to do business with any agency then we require the PF no.
But the what will be procedure of PF Registration?
Your reply is essential for me?

Hi,

Your question is if staff strengh is 14 whether you are required to get registration under PF Act. You have also informed that your company is going to do business with an Agency.

As far as your company is concerned you need not require to take PF Registration under PF Act since the total strength is less than 20.

Now let me deal with your second point. It is clearly stated by you that you are going deal with an an Agency business. In that case, you will be appointed by the principal company to work on his behalf dealing with Agency business.

If the principal company is covered and got registration under the PF Act, they will insist you to obtain PF registration for your company. In this,I wish to add further that the PF registration can be taken VOLUNTARILY by your company even if number of staff strength of your company is less than 20.

In stead of taking PF registration, if principal company is agreed to deposit PF contribution on account of your staff members, then it will be in order. The amount of PF contribution so deposited by the principal company will be deducted from your bill.This may please be noted.

Now everything is depenent upon the decision of the principal company.

Regards,

Dear HR friends,
No notification in this regard has been issued by EPF department, so effective date is not known . EPFO on preparatory activities. So please wait for notification. In my estimate it may be ceiling limit Rs.15,000/- on gross monthly salary (including all components) instead of current ceiling limit Rs.6500/- (Basic+D.A). Hope it will be effective from 01.04.2014 or notification will be declare shortly.
Best Regards,
Mohan Nair.

Dear Friends
Pending notification,, I believe only enrolment upto 15000 may be actioned
However, the contribution limit may not be raised much beyond 6500/-
It will lead
the Government will have lot of resistance from Employers as the

Dear Friends
There may not be much Increase in contribution limit beyond 6500/-. It will have lot of burden on some Employers from 5 Lacs to 50lacs per annum
Outsourced employees with low salary, the take home will be lesser. It will lead to a very unacceptable situation. I hope the PF authorities understand this. If you are looking for Services please contact us -
Diwyesh Dave, D'HUBB HR & Business Solutions