The eligibility under the Provident Fund Act still stands at Rs. 15,000. In Delhi, the Minimum Wage is above that limit, thus making the Act virtually redundant. As such, a large number of people are losing out on this very important social security measure.
From India, Lucknow
This view is incorrect, as an employee once covered will always remain covered, and contributions up to the statutory limit have to be made in all cases.
Since there is already talk of enhancing the PF limit, I hope it will soon catch up.
From India, Mumbai
Acknowledge(1)
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.
Understanding minimum wage rates, provident fund, and labor laws Hello can anybody tell me what the current minimum wage rate is for labor and what are the benefits of provident fund and its applicable rate after deducting tax? thank... 4 Replies0 Files4 Participants
Fixation of basic for the purpose of provident fund Is there any provision for fixing the basic pay of an employee whose gross is more than rs 10000 per month? nowadays it has come to our notice that pf... 8 Replies0 Files6 Participants