Dear All, I have need the chart of whole incresing ceiling date for Epf & esic. kindly provided the same. Thanks & regard Pulkit
From India, New Delhi
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1From India, New Delhi
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Hi,
Your query is not very clear; that's why there has been no response. For ESIC, the ceiling is 15k gross salary. Employees above 15k per month are not covered by the ESIC scheme.
The EPF scheme, as started, had a limit of 6500 basic salary, of which 12% is deducted. Many organizations either deduct the PF at 12% as per the spirit of the law, thus helping employees save money and receive a fixed interest of 8.5%.
Some organizations have adopted a policy of taking advantage of the maximum limit and deducting 12% of 6500, i.e., 780 per month, rather than 12% of the basic salary. Thus, the difference lies in either just fulfilling the law or applying the law in spirit.
Regards,
Shridhar
From India, Mumbai
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Your query is not very clear; that's why there has been no response. For ESIC, the ceiling is 15k gross salary. Employees above 15k per month are not covered by the ESIC scheme.
The EPF scheme, as started, had a limit of 6500 basic salary, of which 12% is deducted. Many organizations either deduct the PF at 12% as per the spirit of the law, thus helping employees save money and receive a fixed interest of 8.5%.
Some organizations have adopted a policy of taking advantage of the maximum limit and deducting 12% of 6500, i.e., 780 per month, rather than 12% of the basic salary. Thus, the difference lies in either just fulfilling the law or applying the law in spirit.
Regards,
Shridhar
From India, Mumbai
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Dear Mr. Shridhar, I want to say the incresing date like esic incresing 1.5.2010 10000 to 15000 pf incresing date 1.6.2001 5000 to 6500. I want to whole incresing date. regards Pulkit
From India, New Delhi
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From India, New Delhi
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I shall provide the details on the salary ceiling of PF that prevailed from time to time as follows:
Period | Amount (Rs)
------|----------
1.3.71 to 31.3.83 | 1000
1.4.83 to 31.8.85 | 1600
1.9.85 to 31.10.90 | 2500
1.11.90 to 30.9.94 | 3500
1.10.94 to 31.5.01 | 5000
1.6.01 onwards | 6500
Abbas.P.S
From India, Bangalore
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Period | Amount (Rs)
------|----------
1.3.71 to 31.3.83 | 1000
1.4.83 to 31.8.85 | 1600
1.9.85 to 31.10.90 | 2500
1.11.90 to 30.9.94 | 3500
1.10.94 to 31.5.01 | 5000
1.6.01 onwards | 6500
Abbas.P.S
From India, Bangalore
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Challans for EPF ESIC.zip
Wage-ceiling-ep f-6500-15000-ci rcular-circular .pdf