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
