UPDATE OF P.F. OPTIONAL NOTIFICATION

roorkeehrm

hi, please share any update on Optional P.F. as announced in Budget , Finance Minister declared that P.F. will be optional up to some basic wages or some category of people.

abbasiti

Dear Roorkeehrm,
The Union Finance Budget will be discussed in Parliament. After amendments, if any, the Parliament has to pass the budget. There after EPFO has to release the circular. Then only the picture will be clear.
Note : Ceiling hike to Rs. 15000 and minimum pension as Rs. 1000 are included in the last budget (one year before). But EPFO issued the circular on 28.8.2014 with effective date as 01.09.2014.
Abbas.P.S

mail8013

Roorkeehrm,
Just Wait and Watch. The picture will be more clear once the EPFO release the circular related to the same.
Cheers, A.B.

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