Provident Fund Enhancement Of Wage Celling From Rs. 6500/- To 15000/-

Dear All, Pl find attached PF amendment circular dated 14/07/2014 of Provident Fund Enhancement of Wage Celling from Rs. 6500/- to 15000/-. This is for your kind information pl.
16th July 2014 From India, Nasik

Attached Files (Download Requires Membership)

CIRCULAR - Wage Celling.pdf (35.9 KB, 6069 views)

Hi, Still we need to wait final notification will come, this is only the amendment and the enhancement on wage ceiling.
16th July 2014 From India, Mumbai

Dear Sir, Please confirm the date of applicable of the notice.
17th July 2014 From India, Kumar

Dear friends,
Thanks Mr.Ganesh.
Going by the circular attached by Mr.Ganesh it's reliably known EPFO is on track to issue necessary notification. In all probability it's going to be prospective effect only. Therefore all the employers & employees may start working out the financial implications respectively.
17th July 2014 From India, Bangalore

Mr. Ganesh
Thanks for the Circular uploaded.
But the circular is internally issued for department to department, don't miss guide to the Employers....
Aside: the employers should wait till the the notifications to be issued by the local concern regions.......
17th July 2014 From India, Bangalore

Hi All, As per the new notification what would be the PF deduction from employee is his Basic + DA is 17000. Please confirm Vinod Krishnadas
17th July 2014 From India, Trivandrum

Thanks Ganesh, Finance minister also increased minimum EPF pension to 1000. Any one who come across notification on minimum pension, please share it on this forum.
18th July 2014 From India, Thane

Dear HR Fraternity ,
Sub : EPFO members to get portable Universal Account Number ( UAN)
The Labour Ministry has informed the Lok Sabha yesterday that all active contributors of EPFO will get portable Universal Account Number ( UAN ) very soon, preferably by 15th Oct'2014. This UAN portability will be throughout the working career of the EPFO member and can be used any on PAN India.
Attached herewith the news article for reference .
Thanks,
Anil Sharma
22nd July 2014 From India, Pune

Attached Files (Download Requires Membership)

EPFO-UAN.pdf (2.41 MB, 138 views)

Hi can any one clarify me about our net salary affect because of epf wages increases to 15000.. Will employee suffer on his take home salary or not?? Please give clear explanation.
23rd July 2014 From India, Chennai

Dear Vinod,
Once the PF celing from Rs 6500/ to Rs 15000/ per month is raised as per notification to be issued PF department soon, the employee whose salary is 17000/ per month (Basic & DA) , the PF deduction from employee & ermployer will be on Rs 15000/ pm @ 12% & 13.61% respectively.So, total contribution(25.61%) will be deposited i.e.Rs 3842/ pm.
Hope it is clear to you.
25th July 2014 From India, Calcutta