Tuesday, July 22, 2014

EPF CEILING LIMIT 6500 TO 15000 WEF


In Union Budget 2014-15 on 10.07.2014, The Finance Minister announced that Maximum wage ceiling for EPF contribution by employer is to be increased from Rs.6500/- to Rs.15000/-.   But the effective date of implementation not yet informed.

Regarding EPF the following two announcement has been made:-

** Minimum pension of Rs.1000/- per month to all subscriber Members of EPF scheme.

** Mandatory wage ceiling of subscription to Rs.15000/-

Now EPF department has issued a circular to his officers to prepare themselves for implementation of high wage ceiling limit