In today's Kannada newspaper, it is published that the PF limit has been increased from Rs. 6,500 to Rs. 15,000. Additionally, ESIC has been increased from Rs. 5,000 to Rs. 25,000, as announced by Union Labour Minister Mr. K. Suresh. Please find the attachment with the information.
If anyone has received the Gazetted Notification, kindly share the same.
Thanks & Regards,
Shashidhara.GK
From India, Bangalore
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12If anyone has received the Gazetted Notification, kindly share the same.
Thanks & Regards,
Shashidhara.GK
From India, Bangalore
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Dear Shashidhara ji, Thanks for sharing the news. May I request you / other member to translate the same? What is the exact wording in it? Is gazette notification out? I am not aware it so far.
From India, Mumbai
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From India, Mumbai
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Please check the following link for the PF limit increase from Rs. 6,500 to Rs. 15,000 and also ESIC from Rs. 5,000 to Rs. 25,000.
Labour Ministry to Propose Hike in Wage Limit for PF - Indian Express
From India, Delhi
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Labour Ministry to Propose Hike in Wage Limit for PF - Indian Express
From India, Delhi
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Understanding Recent PF and ESIC Announcements
Please do not worry about these developments. The Provident Fund (P.F.) still stands at Rs. 6,500, and the Employees' State Insurance Corporation (ESIC) stands at Rs. 15,000.
With the election around the corner, any such proposal needs detailed discussions in the Cabinet. The Cabinet needs to approve such proposals, and then they must be sent to the President for approval. After that, it has to be NOTIFIED/GAZETTED.
Meanwhile, there may be lobbying from corporations to postpone or even discard such proposals.
Let us wait to see if these changes are AMENDED, NOTIFIED, and GAZETTED. If it passes through various procedures, the effective date will be communicated. Until then, let us continue with our current practices.
Thanks for your understanding.
Regards,
Observations on Legislative Processes
There was much concern when the Sexual Harassment Act was introduced, with many interpretations and articles. However, what happened? It has NOT YET BEEN NOTIFIED OR GAZETTED. The Central Government has yet to frame rules for it!
So, for any Central or State Act, let us wait for the proper Notification and Gazetting, where the effective date will be communicated in advance.
In India, nothing is implemented immediately, except for "an increase in the prices of essential commodities."
Regards,
Sundararaman, Chennai
From India, Madras
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Please do not worry about these developments. The Provident Fund (P.F.) still stands at Rs. 6,500, and the Employees' State Insurance Corporation (ESIC) stands at Rs. 15,000.
With the election around the corner, any such proposal needs detailed discussions in the Cabinet. The Cabinet needs to approve such proposals, and then they must be sent to the President for approval. After that, it has to be NOTIFIED/GAZETTED.
Meanwhile, there may be lobbying from corporations to postpone or even discard such proposals.
Let us wait to see if these changes are AMENDED, NOTIFIED, and GAZETTED. If it passes through various procedures, the effective date will be communicated. Until then, let us continue with our current practices.
Thanks for your understanding.
Regards,
Observations on Legislative Processes
There was much concern when the Sexual Harassment Act was introduced, with many interpretations and articles. However, what happened? It has NOT YET BEEN NOTIFIED OR GAZETTED. The Central Government has yet to frame rules for it!
So, for any Central or State Act, let us wait for the proper Notification and Gazetting, where the effective date will be communicated in advance.
In India, nothing is implemented immediately, except for "an increase in the prices of essential commodities."
Regards,
Sundararaman, Chennai
From India, Madras
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Sundar sir is right. It is only a proposal.
Labour Ministry to Propose Hike in Wage Limit for PF - Indian Express
http://www.indianexpress.com/news/la...or-pf/1182304/
From India, Delhi
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Labour Ministry to Propose Hike in Wage Limit for PF - Indian Express
http://www.indianexpress.com/news/la...or-pf/1182304/
From India, Delhi
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[QUOTE=shashi_shashigk@yahoo.com;2099636] Hi All,
Dear Shashi,
When will the ceiling of the PF limit increase from ₹6,500 to ₹15,000? Has it already started, or is it yet to begin? If so, when will it start?
Please inform me via email at [Email Removed For Privacy Reasons] or call me at [Phone Number Removed For Privacy Reasons].
Regards, Martin
From India, Hubli
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Dear Shashi,
When will the ceiling of the PF limit increase from ₹6,500 to ₹15,000? Has it already started, or is it yet to begin? If so, when will it start?
Please inform me via email at [Email Removed For Privacy Reasons] or call me at [Phone Number Removed For Privacy Reasons].
Regards, Martin
From India, Hubli
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Dear Sir, I am working as a HR Executive in a Manufacture Unit. Please tell me that PF limit increase by Central Government in all over India or any certain region ? I am belong to Gujarat State.
From India, Pune
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From India, Pune
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No the salary ceiling under ESI or EPF is applicable through out India where ever it is applicable,not limited to any region. Varghese Mathew
From India, Thiruvananthapuram
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From India, Thiruvananthapuram
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I agree with the above comments of my colleagues. Let us wait until the Gazette Notification comes; till then, let us wait and see. Also, I earnestly request the members, whenever they attach local language news items, to please attach translations into English, as many of us cannot understand the local languages.
Thanks.
From India, Hyderabad
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Thanks.
From India, Hyderabad
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Provident Fund Update for Andhra Pradesh
Please find the attachment regarding Andhra Pradesh PF. Today's newspaper published that the PF has increased from ₹6,500 to ₹15,000. Kindly guide me on the calculation and all.
Regards,
Balasubramanyam
From India, Kolkata
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Please find the attachment regarding Andhra Pradesh PF. Today's newspaper published that the PF has increased from ₹6,500 to ₹15,000. Kindly guide me on the calculation and all.
Regards,
Balasubramanyam
From India, Kolkata
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Dear all, Please find attachment re PF limit increased from 6500 to 15000 Thanks, Nikita
From India, Jamnagar
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From India, Jamnagar
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The employees whose pay at the time of joining the establishment is over and above Rs 15,000/- are only required to join the EPF Scheme 1952 and EDLI Scheme 1976 and shall not be eligible to join the EP Scheme 1995. Please provide more details about this query.
From India, Karur
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From India, Karur
Acknowledge(0)Amend(0)CiteHR is an AI-augmented HR knowledge and collaboration platform, enabling HR professionals to solve real-world challenges, validate decisions, and stay ahead through collective intelligence and machine-enhanced guidance. Join Our Platform.
ESIC Draft Rules Notification for Increase Limit 21000.pdf