Pf Wages Revision W.e.f 1st September 2014 - PDF Download

How is an organisation impacted if the organisation (operates in multiple states) is doing the following:
1. Is applying a flat 12% towards PF contribution as employee's share and....
2. Is also compliant to state prescribed min wage limits
Please guide dear senoirs.
Best wishes

Chaturvedi Sir,
Thank you for your valuable information.
I have a doubt. Our company deducting a flat Rs. 780/- from all employees those who are earning more than Rs. 10,000/-. Is this ceiling need to me increased? If so what will be the ceiling? Accordingly is the employer also have to increase their ceiling? Kindly clarify?
Thanks,
Ramachandran

Hi Mr. Amit,
Thanks for sharing such an important information.
That notification has brought one more impact/addition in the EDLI benefit, which is now become Maximum upto 3.6 Lac earlier it was 1.56 Lac.

Sir, I am getting a salary of Rs.20000/- while my basic salary is Rs. 9000/-. What would be my EPF and EPS calcualtions after 1.9.2014

Ramachandran Jee,
The ceiling will be increased from 6500 (Basic+DA) to 15000 per month w.e.f 1st September 14.

Dear Mukund,
If your basic+da is 9K than deduction would be 1080/month w.e.f 1st September as EPF and 750/month as EPS.

Yes Bisht Jee, Its all about how we welcome n accept this change.

Dear Indranil,
Its applicable to whole in India Except J&K. Employer's liability is only upto 15000/-.

Dear Chaturvedi Sir,
Pls tell about EDLI benefits? is there any changes?

Dear Bisht Sir,
As per your comment, EDLI benefits changes is sure or not? (from 1.56 lac to 3.6 lac).