Provident Fund Wage Ceiling Increase: When Will the New Limit Take Effect?

Provident Fund Enhancement of Wage Ceiling

The wage ceiling for the Provident Fund is being enhanced from Rs. 6,500/- to Rs. 15,000/-. When is this change going to come into force, and from which month will the implementation begin? Please clarify.

It will take time. EPFO has issued a circular instructing all EOs to visit all covered establishments to:

- Find out the uncovered employees with a salary above Rs 6,500/- and up to Rs 15,000/- per month.
- Discuss with trade unions.

Though both of the above are unnecessary, the final orders of enforcement will come only after this unwanted exercise.

Regards,
Varghese Mathew

Notification on Employees' Pension Scheme 1995 (EPS) Update

Please find the notification dated 23.07.14 regarding the preparatory action for proposals to enhance the minimum pension to Rs. 1000 per month and increase the wage ceiling to Rs. 15,000 per month in the Employees' Pension Scheme 1995 (EPS) attached. Kindly go through the attachment.

Regards,