EPF Limit increased to Rs. 15000 from Rs. 6500 wef 01.09.2014

Vide notification dated 22.08.2014 Ministry of Labour and Employment has increased  Employee Provident Fund (EPF) Limit  to Rs. 15000 from existing Rs. 6500 wef 01.09.2014.

MINISTRY OF LABOUR AND EMPLOYMENT 

NOTIFICATION 

New Delhi, the 22nd August, 2014 

G.S.R. 608 (E).—In exercise of the powers conferred by section 5 read with Sub-section(1) of Section 7 of the Employees’ Provident Funds and Miscellaneous Provisions Act, 1952 (19 of 1952), the Central Government hereby-makes the following Scheme, further to amend the Employees’ Provident Funds Scheme. 1952, namely:-

I (1) This Scheme may be called the Employees’ Provident Funds (Amendment) Scheme, 2014.

(2) It shall come into force on and from the Ist day of September, 2014.

2. In the Employees’ Provident Funds Scheme, 1952,-

(a) in paragraph 2, in clause (1), in sub-clause (ii), for the words “six thousand and five hundred rupees”, the words ” fifteen thousand rupees” shall be substituted;

(b) in paragraph 26. in sub- paragraph (6), for the words “six thousand and five hundred rupees’`. the words “fifteen thousand rupees” shall be substituted;

(c) in paragraph 26A, in sub-paragraph (2), in the proviso, for the words “six thousand and five hundred rupees”, wherever they occur, the words “fifteen thousand rupees” shall be substituted.

[F. No. S-35012/112012-SS.11] 

ARUN KUMAR SINHA. Addl. Secy, 

———————————–

NOTIFICATION 

New Delhi, the 22nd August, 2014 

609(E),— In exercise of powers conferred by section 6A read with sub-section (1) of section 7 of the Employees’ Provident Funds and Miscellaneous Provisions Act, 1952 (19 of 1952), the Central Government hereby makes the following Scheme further to amend the Employees’ Pension Scheme, 1995. namely:—

I, (1) This Scheme may be called the Employees’ Pension (Amendment) Scheme, 2014.

(2) It shall come into force on and from the 1stday of September, 2014.

2, In the Employees’ Pension Scheme, 1995, (hereinafter referred to as the principal Scheme). in paragraph 3, in  sub-paragraph 2, in the proviso, for the words “rupees six thousand and five hundred”, wherever they occur, !he words “fifteen thousand rupees” shall be substituted.

3. In the principal Scheme, in paragraph 6, in clause (a), after the words. figures and letter “or 27A of the

Employees’ Provident Funds Scheme, L952″, the words “and whose pay on such dare is less than or equal to fifteen thousand rupees”, shall be inserted.

4. In the principal Scheme, in paragraph It,-

 (a) for sub-paragraph (1) and the proviso thereto, the following shall be substituted, namely:-

11) The pensionable salary shall be the average monthly pay drawn in any manner including on piece rale basis during contributory period of service in the span of sixty months preceding the date of exit from the membership of the Pension Fund and the pensionable salary shall be determined on pro-rata basis for the pensionable service up to the V’ day of September, 2014, subject to a maximum of six thousand and five hundred rupees per month and for the period thereafter at the maximum of fifteen thousand rupees per month:

Provided that if a member was not in receipt of fun pay during the period of sixty months preceding the day he ceased to be the member of the Pension Fund, the average of previous sixty months full pay drawn by him during the period for which contribution to the pension fund was recovered, shall be taken into account as pensionable salary, for calculating pension;

(b) in sub-paragraph (2), for the figures and word “12 months”, wherever they occur, the words -sixty months” shall be substituted;

(c) in sub-paragraph (3),-

(i) for the words, letters and figures “rupees six thousand and five hundred/Rs, 6500”, the words “fifteen thousand rupees” shall be substituted;

(ii) the proviso shall be omitted.

(d) after sub-paragraph (3), the following sub-paragraph shall be inserted, namely:-

“(4) The existing members as on the 11′ day of September, 2014, who at the option of the employer and employee, had been contributing on salary exceeding six thousand and five hundred rupees per month, may on a fresh option to be exercised jointly by the employer and employee continue to contribute on salary exceeding fifteen thousand rupees per month:

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Provided that the aforesaid members have to contribute at the rate of 1.16 per cent on salary exceeding fifteen thousand rupees as art additional contribution from and out of the contributions payable by the employees for each month under the provisions of the Act or the rules made thereunder:

Provided further that the fresh option shall be exercised by the member within a period of six months from the I g day of September, 2014:

Provided also that the period specified in the second proviso may, on sufficient cause being shown by the member, be extended by the Regional Provident Fund Commissioner for a further period not exceeding six months:

Provided also that if no option is exercised by the member within such period (including the extended period), it shall be deemed that the member has not opted for contribution over wage ceiling and the contributions to the Pension Fund made over the wage ceiling in respect of the member shall be diverted to the Provident Fund account of the member along with interest as declared under the Employees’ Provident Fund Scheme from time to time,

5. In the principal Scheme in paragraph 12, in sub-paragraph (2), the following proviso shall be inserted. namely:-

“Provided that the members’ monthly pension shall be determined on a pro-rata basis for the pensionable service up to the day of September, 2014 at the maximum pensionable salary of six thousand and live hundred rupees per month and for the period thereafter at the maximum pensionable salary of fifteen thousand rupees per month”.

6, in the principal Scheme, for paragraph 14 the following paragraph shall be substituted, namely.-

“14. Benefits on leaving service before being eligible for monthly member’s pension.- if a member has not rendered the eligible service specified in sub-paragraph t I) of paragraph 12 on the date of exit, or on mining the 58 years of age, whichever is earlier, such member shall be entitled to a withdrawal benefit as laid down in Table ‘V or may opt to receive the Scheme certificate provided on the date he has not attained 58 years of age:

Provided that for calculating such withdrawal benefit, the wages at exit shall be the weighted average of his wages at the end of every wage ceiling period:

Provided further that an existing member shall receive additional return of contributions for his past service under the Employees’ Family Pension Scheme, 1971, computed as withdrawal-cum-retirement benefits as per Table ‘A’ multiplied by the factor given in Table ‘8’ “.

[F.No. S-35012/1/2012-SS-111]

ARUN KUMAR SINHA, Addl. Secy. 

Note: The principal Scheme was published in the Gazette of India. Extraordinary, Part II, Section 3, Sub-section (i), vide notification number G.S.R. 748 (E), dated the 16th November, 1995 and last amended vide notification number G.S.R. 80(E) dated the 14th February, 2013.

————————————-

NOTIFICATION

New Delhi, the 22nd August, 2014

G.S.R. 610 (E). —In exercise of the powers conferred by nation 6C read with sub-section (1) of section 7 of the Employees’ Provident Funds and Miscellaneous Provisions Act, 1952 (19 of 1952), the Central Government hereby makes the following scheme further to amend the Employees’ Deposit-Linked Insurance Scheme,1976, namely:-

1. (l) This Scheme may be called the Employees’ Deposit-Linked Insurance (Amendment) Scheme, 2014.

(2) It shall come into force on and from the l’ day of September, 2014.

2. In the Employees’ Deposit-Linked Insurance Scheme, 1976 (hereinafter referred to as the principal S&me), in  paragraph 7, in sub-paragraph (1), for the words “six thousand five hundred rupees”, the words “fifteen thousand rupees” shall be substituted.

3. In the principal Scheme, in paragraph 22, in sub-paragraph (3),-

(a) in clause (i), for the words “six thousand five hundred rupees”, the words. -fifteen thousand rupees” shall be substituted;

(b) in the Explanation, for the words “rupees six thousand five hundred”, the words “fifteen thousand rupees” shall be substituted.

4. In the principal Scheme, in paragraph 22, after sub-paragraph (3), the following sub-paragraph shall be inserted, namely:-

14) The benefit under this Scheme shall be further increased by twenty percent in addition to the benefits admissible under sub-paragraph (1), (2) or (3) of paragraph 22, as the case may be.”.

[F. No. S-35012/112012-SS.111]

ARUN KUMAR SINHA, Addl. Secy. 

 ———————-

MINISTRY OF LABOUR AND EMPLOYMENT 

NOTIFICATION 

New Delhi, the 19th August, 2014, 

GSA. 593 (E).— In exercise of the powers conferred by section 6A, read with sub-section (1) of section 7 of the Employees’ Provident Funds and Miscellaneous Provisions Act, 1952 (19 of 1952), the Central Government hereby makes the following Scheme further to amend the Employees’ Pension Scheme,1995, namely:-

1. (1) This Scheme may be called the Employees’ Pension (Second Amendment) Scheme, 2014,

(2) It shall come into force on the 1st day of September, 2014.

In the Employees’ Pension Scheme, 1995 (hereinafter referred to as the principal Scheme), in paragraph 12, after sub-paragraph (7), the following sub-paragraph shall be inserted, namely:-

17A) The monthly member’s pension including any relief payable to any existing or future member under this paragraph shall not be less than one thousand rupees for the financial year 2014-15.”.

3. In the principal Scheme, in paragraph 15, for the words, brackets and figures “sub-paragraphs (2) to (5) of paragraph 12, as the case may be,”, the word and figures ” paragraph i 2″ shall be substituted.

4. In the principal Scheme, in paragraph 1b,-

 (a) in sub-paragraph (2), in clause (a), after sub-clause (iv), the following sub-clause shall be inserted. namely:-

“(v) in all the cases, where the monthly widow pension including relief, if any, is less than one thousand rupees per month, the amount of monthly widow pension in such cases shall be enhanced to one thousand rupees per month for the financial year 2014-2015.”;

(b) in sub-paragraph (3), for clause (b), the following clause shall be substituted, namely:-

“(b) Monthly children pension for each child shall be equal to 25 per cent of the amount admissible to the widow of the deceased member as monthly widow pension payable under clause (a) of sub-paragraph (2):

Provided that the minimum monthly children pension including relief, it’ any, for each child of the deceased member shall not be less than two hundred and fifty rupees per month for the financial year 2014-2015.”;

(c) in sub-paragraph (4), for clause (a), the following clause shall be substituted, namely:-

“(a) if the deceased member is not survived by any widow, but is survived by children falling within the definition of family or if the widow pension is not payable, the children shall be entitled to a monthly orphan pension equal to 75 per cent of the amount of the monthly widow pension as payable under clause (a) of sub-paragraph (2):

Provided that the minimum monthly orphan pension including relief, if any, for each orphan shall not be less than seven hundred and fifty rupees per month for the financial year 2014-15.”,

[F. No. 11-15025/312007.SS-11/PUII

Foot Note.- The Employees’ Pension Scheme, 1995 was published in the Gazette of India vide notification number G.S.R. 748(E), dated the 16th November, 1995 and was lastly amended vide notification number G.S.R. 80(E), dated the 11th February, 2013.

Download Official Notification on EPF

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Tags : EPF (239) EPFO (209) government notification (366)

3 responses to “EPF Limit increased to Rs. 15000 from Rs. 6500”

  1. SUMAN GHUTE says:

    Can you explain me Director pf has compulsory deduction in Pvt Ltd company
    if its is yes please send me on my mail id suman08ghute@gmail.com

  2. Richie Pal Singh says:

    Can you please tell me that it’s legal or illegal??

    My basic salary is Rs 40,000/- , earlier my current employer deducts 12% of 40,000( Rs4800) as PF but now they have reduced as 12% of 15000 (Rs1800/-) even though my basic salary is 40,000.

    Is this a part of Provident fund deduction policy ?

  3. Neetu says:

    Did any body got reply ??

  4. GANESH says:

    I have resigned from service after 10 year and I got SCHEME CERTIFICATE, I want to know from which age I have receive pension. 50 or 58

  5. Vasudev Phutane says:

    I am surprised about difference between Atal Pension Scheme & EPF Pension Scheme.
    In Atal pension scheme we have received pension whole life after contribution & after death scheme
    refunded contributed amount with interest but in epf scheme it does not refund any contributed amount after death of member.Why epf can’t give contributed amount after death to nominee.

  6. MSRTC says:

    pls sent 1971 to 1996 contubition slab
    exlmpal (6500 = 541,) (15000= 1250)
    pls inform

  7. MSRTC says:

    pls sent 1971 to 1996 contubition slab
    exlmpal (6500 = 541,) (15000= 1250)

  8. MSRTC says:

    PLS SENT 1971 TO 1995 CONTRUBITION LAB

  9. SELVAM says:

    Dear Sir,

    Now i am claiming PF amount my past employer, i was working 3 year from that company. not complete 5 year it will come the total amount around 75000.00 it will go to above 30000.00 now tds will applicable for the claiming amount. now my question is, in this 10% of the tds amount can i claim in income tax. if its possible to claim.how can i show the pf amount its a income or others. i have complete query on that. please explain on this thank you by selvam. G

  10. vijay singh Rawat says:

    i WANT TO JOIN EPF SCHEME.PLEASE GIVE GUIDE LINE FOR THE SAME.

    VIJAY SINGH RAWATY
    RISHIKESH UTTARAKHnd

  11. vijay singh Rawat says:

    Iam a member of epf but now i want not to deduct any amount.Please guide in tis respect.

    VIJAY SINGH RAWAT RISHIKESH

  12. S Ramya says:

    Dear Sir,

    Para for ref as in notification dated 29.08.2014 (8th Point)

    AS EPS will henceforth apply only to EPF member whose pay at the time of becoming PF member is not more than Rs.15,000/-per month on after 01.09.2014 the entrie employer and employee contribution shall remain in the provident fund and no deversion to EPS shall be made for all new PF member on or after 01.09.2014 having salary more than 15,000/-at the time of joining. This must be ensured as any negligence on this issue may lead to unwarranted litigations.

    According TO this Para: 1)Who is a new EPF member?
    2)Is the new EPF member is one who has fresh
    graduate joining to a new empyoment or It includes the
    person who is working previously in other company and
    have changed the job?
    3) If So then what will be the effect of the amount of
    EPS deducted till now in previous Company?

  13. guru says:

    Senior citizen are eligible for Provident fund in organization in working employee

  14. Vijendra Singh says:

    Sir
    Kindly let me know the calculation / formula of PF pension for the increased limit of Rs.15000/-. Whether the same formulae of 6500/- i.e. number of years of services x 6500 (now 15000) divided by 70 will be applicable or different.
    Vijendra

  15. B.G.Ashoka says:

    Please re-name “EMPLOYEES PENSION SCHEME -1995″ as ” EMPLOYEES TENSION SCHEME-1995″ No employees want this useless scheme
    Thanking you,
    Yours faithfully,

  16. B.G.Ashoka says:

    I am ashame of the pension I am receiving. Please S C R A P this bleady EPF-1995 pension Scheme dispurse the subscription recovered from the employees along with bank interest. SANDYA SURAKSHA SCHEME PENSION is better than this One of the worst scheme is EPF-1995 THIS IS 8TH WONDER OF THE WORLD

  17. Sukhdev Sharma says:

    dear sir

    please clarify what is the pension formula after increase pension contribution limit 15000/-

  18. dhanasekaran says:

    My CTC salary is 14500 rs per month.how much amount will be deduct pf amount as per new roule.i request please give the detail for me

  19. moorthy says:

    please help me
    if my basic salary above 15000 as per rule pf deducted r note
    and then employer only decided this case deducted r non deducted help me

  20. visagan s says:

    Sir,

    i have a query about pf contribution.

    1. if an employee earning gross wages 15500/-, the pf deduction will attract the same or not.

    2. ‘existing employee’ means what ? it will indicates he earned more than Rs.15,000/- or any other things.

    3. there was any notes regarding the above in P.F. Acts, please send me the same for which is very useful for me.

    also if an employee monthly salary fixed by us 15,000/- including hra as 4500/- and we will go to deduct pf for 15000/- or 10,500/-.

    kindly clarify the above & oblige.

    visagan.
    98415 15744
    visagansundar@gmail.com

  21. Naseera.K says:

    Sir, i am working in a central PSU and an active member of EPF since July 2012.Now i am earning(basic+DA)more than Rs15000, but still i want to continue my membership in pension fund and i am ready to contribute the additional 1.16%. What steps i have to take to continue my membership, i could understand that the time for opting this is already lapsed, is there any extended time available?if possible what is the procedure…Kindly let me know….Thanking you…

  22. M.Subrahmanya Sarma says:

    I M.Sbrahmanya Sarma.myself getting P.F.penstion No:p.p.ono.aphyd00049055,received the penstion up tooct-2014 at Rs.758/- per month.on3-11-2014an amount ofRs.868/- credited to my S.B acct with Andhra bank Srinivasapuram,Hydarabad and alsocredited an amount of Rs.12118/- on6-11-2014.I have not received any details about th above amounts as the central government anounced minium penstionof Rs1000/-.and also anounced for caluclatin of penstion wages are anhanced from Rs.6500/- to Rs.15000/- am I elegeble for that are not My S.B acct No:111010011009025.Irequest the officels to informe me to adress given.M.S.Sarma,D.No:3-10-94/1,gokhale nagar,Ramantapur,Hydarabad-500013 and also given my email address sarmams47@gmail.com

  23. Gagan Mittal says:

    I started my first service in July’09. I left first company in June’13 i.e EPF was deducted for 4 years. My basic was 18000/month at time of leaving.

    In new company my basic was 36000/month. Company gave option to me, whether deduct EPF or not. I opted for not. (No EPF deducted from July’13 to June’14). In June’14 I voluntarily asked company to deduct my EPF and now it continuing.
    Please let me know is break of one year (not contributing EPF from July’13 to June’14) will impact any legal/financial or any complication while withdrawal or transfer of EPF.

    Gagan Mittal

  24. J.Omprakash says:

    Sir

    Pls send the latest pension formual

    Old formaula : lastdrawn salary * no of service / 70

    The Above formula correct or Not pls tell me. and send the new forwmula

    Thank you

  25. bindhu says:

    I am an existing employee, ie, joined before 1st Sep-2014 and contributing to EPF and EPS on actual salary (Basic =DA) ie, over and above the wage ceiling, (now Rs 15000).I want to know, the amount on which administrative charges like EDLI and others are calculated? On actual wages or on Rs.15000/- the wage ceing?

  26. Gopal Dass says:

    I am employee of PSU will be retire on 31.12.2014 how much pension I will get.

  27. AMIT KUMAR says:

    WHAT IS MINIMUM BASIC SALARY FOR PF DEDUCTION IS COMPULSORY

  28. G.P. PATHAK says:

    sir, i am retire person from state govt. of m.p. from land development corporation.
    I have taken V.R.S.In The Year 2001 an getting pension rs.443=00.
    I have communicated rs. 200/- at the time of my retirement then amount rs. 200/- for 10 years after 10 years i am not getting rs. 200/- in my pension.
    Why this is a so and let me know my pension at present.
    My P.P.O. no. M.P./IND/14101
    A/C. no.M.P./BPL/3583/157
    Retirement of the post of Executive engineer and served corporation 22 year
    Regards
    G.P. PATHAK
    INDORE
    – See more at: https://taxguru.in/corporate-law/employee-provident-fund-epf-limit-increased-rs-15000-rs-6500-wef-01092014.html#sthash.mKpTl9mS.dpuf

  29. RAJA RAO says:

    Dear sir,

    I GOT THE SCHEME CERTIFICATE FROM EPF IN THAT THEY ARE STATED PENSIONABLE SALARY IS Rs 6500,PL CLARIFY THAT HOW MUCH AMOUNT I WILL GET
    AS A PENSION.MY LAST BASIC WAS Rs 27000 AND YR OF SERVICE IS AROUND 19 YRS

  30. G.P. PATHAK says:

    sir, i am retire person from state govt. of m.p. from land development corporation.
    I have taken V.R.S.In The Year 2001 an getting pension rs.443=00.
    I have communicated rs. 200/- at the time of my retirement then amount rs. 200/- for 10 years after 10 years i am not getting rs. 200/- in my pension.
    Why this is a so and let me know my pension at present.
    My P.P.O. no. M.P./IND/14101
    A/C. no.M.P./BPL/3583/157
    Retirement of the post of Executive engineer and served corporation 22 year

    Regards
    G.P. PATHAK
    INDORE

  31. praveen says:

    Hi taxguru,can u differentiate pension options A and B,I’m working in a psu n my wife too working in the same psu,so need ur help..kindly reply…we both joined in the company in 2011 n my age 28 n my wife age 26,help me to opt…

  32. M.Subrahmanya Sarma says:

    Sir,i am working in dist co operative central bank and retired 2005 July, i am getting monthly pension Rs.740/ am i eligible to take as per 15000/salary My pension a/c no:49055.kindly inform to me what is amount eligible.by me

  33. Mangesh says:

    Sir,

    Kindly guide me on following –
    I am working in pvt company and from 01.02.12 to 30.09.14 my PF deduction Rs. 780/- Per month i.e. on Rs. 6500/- and the PF Slab is change from 6500/- to 15000/-. Can company deduct PF on 6500/-? or 150000/-?.

    Also can change my basis salary? Currently my salary structure is as below

    Basic -4908.50, HRA -2454.25, Conv – 800/-, sp. Allow – 1654.25 total =Rs. 9817/- (Gross Salary) from my Gross Salary Company Deduct Rs. 780/- PF i.e. on Basis Amount of Rs. 6500/- instead on my actual basic amount Rs. 4908.50

    Also company not provide us PF Slips from 2012 only PF No. allot or our status not reflect on EPFO Balance Portal and when we search our PF Status on EPFO Portal Message recived – Name mismatched. Kindly confirm can our company really deposit our PF amount or not??

    Also confirm can company deduct employee and employer share of PF from Employees salary?? and now can company deduct PF on 15000/-? with continuing my old basic i.e. Rs. 4908.50/-??

    Please reply soon.

    Thanks and Regards.

    Mangesh

  34. NARESH KUMAR says:

    latest pension calculation formula required.

    best rgds

  35. Arpit Bansal says:

    Hi,

    I have a Query related to Employee Provident Fund (EPF) and Employees Pension Scheme (EPS).
    The 12% of monthly basic salary goes to EPF (employee contribution) and same as employer contribution.There are two parts of employer contribution .

    First is 8.33 % of basic salary goes to Employees Pension Scheme (EPS). Earlier It was fix as 541.00 before September 2014. But now it 8.33% of basic salary (>15000).
    I just want to opted out this pension fund scheme (EPS only ) and I want the total 12% of employer share will to Employee Provident Fund (EPF).

    Is It possible?

  36. Zarna says:

    Sir, I want to know that our one employee Salary is of Rs. 15,200/- and our company has set the basic of Rs. 8,500/- still we have not alligible to paid the PF. Can we set our basic of Rs.15,000/- ? Kinldy suggest for the same.

  37. DHARAM PAL says:

    Kindly let me know the calculation / formula of PF pension for the increased limit of Rs.15000/-. Whether the same formulae of 6500/- i.e. number of years of services x 6500 (now 15000) divided by 70 will be applicable or different and calculate my pension as the details given below:

    Date of Appointment:21.3.1984
    EPS Scheme start from 16.11.95
    Date of Retirement: 30.6.2017
    deduction on 6500 upto 31.8.2014
    deduction on 15000 from 1.9.2014 to 30.6.2015(completion of 58 years)

    please send the details on my email: dp1756@yahooo.co.in

  38. Aditya Pattanayak says:

    If My Basic pay is more than Rs.15000/- p.m., whether i am eligible for deduction for EPF or not.

  39. venkatesan k p says:

    Dear Sir,

    Any exception is there we no need pay HRA allowance for pf

  40. venkatesan k p says:

    Dear Sir,

    My Gross salary is 10000 basic=4000,da=1000,hra=800,special allowance is=4200

    but my company is deducted pf amount is 1104.it’s wright or wrong.because there are not consider hra amount

  41. SHARVAN KUMAR says:

    Sir

    My basic salary is Rupees 20264.00 but my company is deducting Rupees 1800.00 when i asked they said as per government new rule whose salary is equal or more than 15000.00 their pf amount will 18000.00 no matter whatever their basic salary. Sir please response me in details

  42. Manish says:

    Sir i am working in pvt sector since 2004, where more than 600 employees. MY CTC was 7600. my employer showed my ctc salary in basic salary, for example my basic salary was 7600 pm & my ctc salary was same 7600 pm. So it was told me that my basic is more than 6500, So my PF was not deducted till previous month. Now the PF rules has changed, now my employer is giving me PF advantage from last month. Now my salary is 13000 Pm. I want to know can i claim my previous PF which was not given me so many years.

    kindly advice me

  43. SHYAM SUNDER REDDY D says:

    Sir,

    I am working in pvt sector since 2005 onwards intially my basic salary is 6000 at present it is prevailing on 16000. now may age is 48 what will be the pension on retiring if i work till to 58 years also provide details if i retire now only.

    DSSREDDY
    9397189118

  44. skm says:

    For getting pension from EPF

    BEFORE SEPT. 14

    Pensionable Service 10 year minimum
    Pensionable Salary ( before Sept.14) 6500/-
    Calculation is 10 X 6500/70 = 928.50 i.e. Govt fixed
    Rs. 1000/- pm

    What will be after Sept.14

  45. R.Sugumar says:

    I was retired from public sector undertaking in the year 2012.My epf pension is Rs.1909/-. will I be benefited by the schemes announced by Govt. to enhance the limit from Rs.6500 to 15000. Please clarify –

  46. FIROZ AKHTAR says:

    RESPECTED SIR,
    KEYA NHM DEP. OF HEALTH KE SAMVIDA KARAMCHARIYO KA BHEE EPF LAAGO HOGA

  47. Pardeep says:

    Is there any option to opt out from EPS if already a member?

  48. Rathindra Nath Thakur says:

    My simple question is that when I retired from the office of NCCF on 31st December,2009, my monthly pension was effected from January,2010 was
    Rs. 1819/-. As per Govt. of India circular, my pension amount was not enhanced. I do not know why enhanced pension rate was not given effect to in my Pension
    Account from September,2014? Please let me know so that my anxiety will be over.

    WITH PROFOUND REGARDS
    R. N. THAKUR

  49. Jatin Panchal says:

    I want to know that is there any rule available in this New PF scheme, that my basic salary should increase from old one for deduction of PF as per new rule?

    Can Any one help me out to understand this rule?

  50. Sam says:

    My Monthly salary is 11000 my gross salary is 10,633 (29Days)
    however my Chq amount is 9505(PT & PF Deductd)
    Calculation Pls

  51. Ashok Kumar says:

    When in 2001 limit was raised from 5000 to 6500, was the pension amount was raised for the pensiors already drawing pension prior to 2001 ?
    If yes then this enhancement will benefit the existing pensioners.

  52. Umesh Rao M says:

    Hi

    I recently got retired from the service on completing the 58 years. (30/06/2014). I am getting the pension amount Rs 2162/.
    As per the Govt Notification am I be eligible for any revision in the pension amount which is given to me? Please clarify the doubt.

  53. pallavi sharma says:

    Sir , im workin in private organisation since 4 1/2 years .Before my basic was 3500 & DA was 1000rs but now after alterations in EPF my basic is 4500rs & DA has been deducted to 750rs.Is it possible sir ,,N before my epf was 540rs BUT nw its 630rx only..IS IT correct N according to new policy or not.. Please help me out….

  54. Muralikrishnan S says:

    Thank you. It is very very informative.

    • Rathindra Nath Thakaur says:

      I am retired from the office of NCCF being a multi state cooperative society which is sponsored by the Govt. of India on 31st December,2009.My epf pension is Rs.1819. Will I be benefitted by the schemes announced by Govt. to enhance the limit from Rs.6500 to 15000 at an enhanced rate w.e.f 1.9.2014? Please intimate.

  55. Rathindra Nath Thakaur says:

    I am retired from NCCF being a multi state cooperative society under the administrative control of Ministry of Consumer Affairs and Public Distribution, Govt. of India on 31st December,2009.My epf pension is Rs.1819. Will I be benefitted by the schemes announced by Govt. to enhance the limit from Rs.6500 to 15000. Please clarify.

  56. Arvind Yadav says:

    sir

    my gross salary is Rs. 21240/- (basic 6500 + residential allowance 2100 + book & periodicals 300 + children education allowance 500 + Special allowance 11840/-)

    as on 31.08.2014, my EPF deducted on Basic Rs. 6500/- i.e. 780/- per month.

    NOW MY QUESTION IS THAT after notification dated 28.08.2014 by MINISTRY OF LABOUR, GOVT. OF INDIA, on which amount my EPF is deduct,

    please clearify my with clause number of Employees Provident Fund Organisatio.

  57. Sathish says:

    Hi,

    anyone can explain about NPS for General Public…

    its may be announched on 2011 itself.

    thansk!!

  58. vishal singh says:

    Dear Sir
    My Questions are
    1. i m working in private school (+2) 25 yr old school. total working employees are 81. cant i m eligible for PF?
    2. salary more than 15000. total work experience 4 yr in same + 6yr or which rule are their for private schools?
    sir plz reply as soon as possible because we are facing problem with management.

  59. Paras says:

    i
    Requesting enlightened ones to reply for my doubts/ understandings:

    1. Please Clarify: In an employee’s basic pay is more than Rs.15000/- as on 1.8.2014 and he is a member of EPF scheme since 2006. Till 31.08.2014 then is it compulsory to deduct PF after 31.08.2014 or it is optional for employee. Please confirm. My mobile No is 09833808240. Please please help.

  60. Iqbal Singh says:

    Sir.
    If any new formula is made for the calculation of pension after retirement as made in 1995 earlier if so pl let me to know about it and service period to.

    Regards.
    Iqbal Singh.

  61. Iqbal Singh says:

    sir.
    if any new formula is made as on 1995 pl let it to know me and min. service period requrired.

    Regards.
    IQBAL SINGH

  62. Mukesh Kumar says:

    I am working with a MNC in Noida, here more then 5000 employees are working.
    Before sep’14 My CTC was 19,200 and in hand salary was 15311 (Basic was 10200) my company was not deducting EPF till Aug’2014. Now company revised salary and at this time my current in hand salary is just 13,440 (Now Basic salary is just 4000) and company is deducting EPF from Sep’2014.

    Company revised salary structure and deducting EPF from employees account.

    ***** Please do something needful, all employees are very disappointed.

    Mobile: 9899973751 please please please please help.

  63. Giriraj says:

    Hi
    Requesting enlightened ones to reply for my doubts/ understandings:
    1.Existing contributors whose Basic is more than Rs.15000/- then 1.16% on what amount to be paid to Central Govt. ( Central Govt.Contribution )Is this limited ie 1.16% on 15000/- or the entire amount? Since the Maximum Pension is calculated on Rs.15000/- Then where is the quuestion of 1.16% on Salary over and above Rs.15000/-
    2. Please Clarify: In an employee’s basic pay is Rs.20000/- as on 1.8.2014 and he is a member of EPF scheme since 1996. Till 31.08.2014 his contribution towards EPF goes Rs.2400/- p m and employer contribution Rs.1859/- goes to EPF account and Rs.541/- goes to Pension Account per month. In this case he is not contributing 1.16% towards Central Govt contribution. What will be the effect from 1.9.2014 . Rs.2400/- will go to his EPF account . and 8.33% on Rs.15000/- ie 1250/-go to Pension contribution and rest Rs.1150/- go to EPF again. In this case on what amount he has to pay @ 1.16% to Govt. is it on Rs.15000/- or on 20000/-.
    If on Rs.20000/- what is the additional benifit he is going to get while getting pension ? Since the pension is restricted on max amount of Rs, 15000/- please clarify.
    Thanks
    Giriraj

  64. VIVEK FDBCA says:

    GREAT………………………………..

  65. Mathpal SK says:

    For getting pension from EPF

    BEFORE SEPT. 14

    Pensionable Service 10 year minimum
    Pensionable Salary ( before Sept.14) 6500/-
    Calculation is 10 X 6500/70 = 928.50 i.e. Govt fixed
    Rs. 1000/- pm

    What will be after Sept.14

  66. Tapan Patel says:

    Hi

    My salary is 21,500 but my basis is 8500. Currently my company is not deducting my pf but due to new rules my company insist to deduct pf both the proportion from my salary, as we are been given salary on CTC basis. I dont want to deduct pf from my salary so please provide me information on provision so that i do not have to deduct pf from my salary.

  67. rajakumar says:

    Sir
    I have received a Daily batta from our Hotel Industries for Weekly basis.The Daily batta will calculate for P.F Contribution or not.

    Regards Rajakumar

  68. moorthy says:

    my oustn is employee salary 10000 how to calculate pf
    and then above 15001 there will be compulsory contribute or not and employeer will decided what?

  69. M.HARI MOHAN says:

    Sir, My pay is increased in Sept-14 beyond Rs.15,000.00. As per new amendment, I will opt for higher pension? in the month of Sept-14 or not, if I am unable to submit my option, within one month, I was not member of higher option. please clarify the same and option form availale details also. Thanking you sir,

  70. EPF Expert says:

    Dear Ashok

    1. your EPF Contribution is 1800/- per month.

    2. Your EPF Salary has to be calculated as an amount (Gross – 40% of your basic salary) if it exceeds 15K you can contribute upto 1800/- but if it below 15K you need to remit on actuals.

  71. jitender singh pundir says:

    Sir my basic salary is 11333 rupees and employee contribution is 780 rupees kindly tell me calculated contribution of my pf of both employee and employer as per new rules.

  72. Ashok says:

    Sir,

    My Gross Income is Rs. 19184/- Basic Rs. 10260/- + other Allowances.
    My question is
    a. The Amount of PF, is to be deducted from my salary.
    b. What will be the Employer contribution ?
    c. Whether any allowance i.e. Special Allowance will be reduced for Employer Contribution to meet CTC.

  73. viswanathan says:

    my salary 15300 and my basic salary 10400
    1.idont have EPF account ,can i elegible for the EPF account please tell me the answer

  74. Deven Prachchhak says:

    Sir,

    Please clear my doubt that new or fresh joining (first job)whose PF salary is Rupees 22500/- will get pension scheme benefit or whole management contribution (12%) will go to his provident fund account.

    Deven Prachchhak

  75. R.Usmani says:

    my basic salary is 16430. what will be my epf contribution and what will be my employer contribution now as per new changed limitation up to 15000/-
    what will be the ratio of administration charges paid by employer on total salary of the staff.

  76. Mahesh says:

    Hi Joshi

    On basic of Rs.9250/- PF of 12% is to be calculated.
    If you had excluded employees who were taking basic more than Rs.6500/- are to be included now into PF

    But one PF officer told that PF is to be calculated on 50% of Gross salary. But the notification was not shared. Hence there is still a confusion on this.

    Thanks
    Mahesh

  77. JAYENDRA JOSHI says:

    PL CLEAR MY CONFUSION.

    IF THE SALARY SLAB IS FOLLWING :-
    CTC RS.20000/-

    BASIC -9250/-, HRA 3000/-, CONVE.-2000/-, EDUCATION ALL 1500/-, SPL. ALLOW-
    3000/-, MEDI. 1250/-.

    PF APPLICABEL OR NOT APPLICABLE.

    WITH REGARDS,

    JAYENDRA JOSHI
    9575115536

  78. Deepak says:

    Now i getting salary+DA is Rs 11000/- n company pay PF Rs 780/- on 6500 After New Notification Can Compny change the salary Structure as Basic + DA 6500 ( as per Minimum wage ) & 4500 As other allowances & They Pay Pf on same as 780 on 6500 ? – See more at: https://taxguru.in/corporate-law/impact-employees-enhancement-wage-ceiling-rs-6500-rs-15000.html#comment-1203601

  79. P K narayanan Nair says:

    Kindly let me know the calculation / formula of PF pension for the increased limit of Rs.15000/-. Whether the same formulae of 6500/- i.e. number of years of services x 6500 (now 15000) divided by 70 will be applicable or different.

    Request an early reply
    P K Narayanan
    9833951822
    nairpkn@kecrpg.com

  80. mukunda says:

    Attn : Mr.Abhishek Kr. Tripathi, Manager – HR & ADmin, mob:9792001522

    Really ur reply dt: 01.09.2014 helped me lot.

    In, this regard pf officers can’t explain so deeply.

    thanks a lot

    regards

    mukunda
    manager (admin & a/c.)
    mob : 09742354919

  81. sandip patil says:

    I am retired from public sector undertaking in the year 2012.My epf pension is Rs.1986. will I be benefitted by the schemes announced by Govt. to enhance the limit from Rs.6500 to 15000. Please clarify – See more at: https://taxguru.in/corporate-law/employee-provident-fund-epf-limit-increased-rs-15000-rs-6500-wef-01092014.html#sthash.xyYuZAN4.dpuf

  82. vijay kumar sarin says:

    I am retired from public sector undertaking in the year 2013.My epf pension is Rs.1800. will I be benefitted by the schemes announced by Govt. to enhance the limit from Rs.6500 to 15000. Please clarify

  83. Babu Reddy says:

    What is the minimum basic after revising PF amount to 15000/-

    can we maintain minimum basic as Rs. 3200/-

    please advice me on priority.

    Regards,
    Babu Reddy

  84. Mudit says:

    Earlier there used to be one rule, if one’s basic salary per month is more than Rs 6,500, he has an option to opt out of EPF and not be part of it.
    So is this limit increased or any other.. so now if one’s basic salary per month is more than Rs 15,000, he has an option to opt out of EPF?? Is it true

  85. KALPESH PATEL says:

    Sir

    I am working in an institution where we are making epf contribution for all employees for a ceiling amount of Rs.6500/-. Now, since the ceiling is revised to 15000, my management has decided not to take the increased burden. Hence it is decided to make epf contribution only to those staff who are below 15000. Is there any provision/rule to delete those staff for whom we have been remitting epf contribution with a ceiling of 6500 w.e.f. 1.9.2014 or is it mandatory to pay the increased epf contribution for them, since they are still continuing in service.

    Please clarify.

    Regards
    – See more at: https://taxguru.in/corporate-law/employee-provident-fund-epf-limit-increased-rs-15000-rs-6500-wef-01092014.html#sthash.k2eR5MW5.dpuf

  86. Uvananta Srinivas says:

    The Govt Knows how to sqeeze money from employees. A very bad Scheme.

    Regards
    Uva

  87. V.U. NATHAN says:

    sir,
    I AM RETIRED IN THE YEAR OF 30.04.2011. I AM GETTING EPF RS.1777/-. DUE TO CHANGE OF CEILING SHALL I GET MORE. KLY INFORM
    TKS
    VU NATHAN

  88. Rippi says:

    Sir

    I am working in an institution where we are making epf contribution for all employees for a ceiling amount of Rs.6500/-. Now, since the ceiling is revised to 15000, my management has decided not to take the increased burden. Hence it is decided to make epf contribution only to those staff who are below 15000. Is there any provision/rule to delete those staff for whom we have been remitting epf contribution with a ceiling of 6500 w.e.f. 1.9.2014 or is it mandatory to pay the increased epf contribution for them, since they are still continuing in service.

    Please clarify.

    Regards

  89. SANJAY KUMAR says:

    R/Sir,

    Please clear the point EPF calculation on basic salary ya Gross salary

    Regards,
    Sanjay Kumar

  90. tkseth says:

    i am retired. I am drawing pension as per calculation based on Rs.6500/-.The day I retired I was drawing basic Rs. 35000/-. What will be our fate? Should we get higher pension? If so is there any condition?

    Tkseth

  91. Varsha says:

    Hi all,

    If a employee drawing his basic as 15,000/- what was his PF Contribution, calculated from 15,000 *12% or basic remains same as previous contribution? that is 6500/- , If PF Slab raises, do the salary of employee get increase???? Please advice

  92. RAJESH KUMAR PATEL says:

    required pension calculation formula

  93. Gautam Mistry says:

    Hi

    Requesting enlightened ones to reply for my doubts/ understandings:

    1.Existing contributors whose Basic is more than Rs.15000/- then 1.16% on what amount to be paid to Central Govt. ( Central Govt.Contribution )Is this limited ie 1.16% on 15000/- or the entire amount? Since the Maximum Pension is calculated on Rs.15000/- Then where is the quuestion of 1.16% on Salary over and above Rs.15000/-

    2. Please Clarify: In an employee’s basic pay is Rs.20000/- as on 1.8.2014 and he is a member of EPF scheme since 1996. Till 31.08.2014 his contribution towards EPF goes Rs.2400/- p m and employer contribution Rs.1859/- goes to EPF account and Rs.541/- goes to Pension Account per month. In this case he is not contributing 1.16% towards Central Govt contribution. What will be the effect from 1.9.2014 . Rs.2400/- will go to his EPF account . and 8.33% on Rs.15000/- ie 1250/-go to Pension contribution and rest Rs.1150/- go to EPF again. In this case on what amount he has to pay @ 1.16% to Govt. is it on Rs.15000/- or on 20000/-.

    If on Rs.20000/- what is the additional benifit he is going to get while getting pension ? Since the pension is restricted on max amount of Rs, 15000/- please clarify.

    Thanks

    GAUTAM MISTRY

  94. JITENDER KUMAR SINGH says:

    Still not clear about the calculation of pension.Pl. provide formula for calculation of pension.

  95. SANT TOMAR says:

    Appriciate it,
    but my query is, what is the maximum limit of employee contribution in epf account which is 20% at earlier. Is it also amended in the new amendment or it is still remains the same.
    Can an employee opt to contribute more than 12% of his share and what is the maximum limit which he can opt to contribute in epf account. What is the procedure to do that.

    waiting for your reply plz.

  96. Madhura says:

    Hi

    if Basic from 6500 to 15000 is increased will salary of all employees having less than 15000 basic increase ??? pl send me new calculator for Payroll

  97. Elango M says:

    Hi,
    As per EPFO new amendment, the following has to be complied.
    1.PF deduction from Rs.15000/- pm wef 01/09/2014 instead of Rs.6500/-as existed.
    2.EPS and EDLI also be calculated from the revised wage.
    3.If your establishment have EDLI policy with any provate insurance agency, you need to pay the better benefit considering the revised benefit amount of Rs.360000/- in case of death of a member.
    4.Now the minimum pension payable to the pensioners under the EPS scheme is fixed Rs.1000/- pm.
    5.As per wage definition under the EPF Act is all the emoluments payable to the employees while on duty,leave and holiday with wages excludes HRA,OT,bonus, incentive, commission and any other similar allowances. As per the said definition, we need to consider all emoluments excluding the above said components for calculating the PF wage restricted to Rs.15000/-pm.

  98. CS VINOD PARMAR says:

    KINDLY TAKE A NOTE THAT CIRCULAR NO. 609(E) IS WRONGLY WRITTEN AS 509(E).

  99. Mahesh says:

    Hi

    Requesting enlightened ones to reply for my doubts/ understandings:

    1. New joiners whose Basic is more than Rs.15K no EPS, but the residual to be added to EPF. For the existing employees EPS at 8.33% to be calculated even if basic is more than 15 K

    2. If basic is more than 15 K 1.16% on that is to be paid to Central Govt. HOW TO PAY? is their any option in E-Seva portal?

    3. If basic is less than or equal to 15 K, 1.16% is not required to be paid.

    4.Is there any restriction on EPS ( previously it was Rs.541/- when Rs.6500/- limit was fixed) is it Rs1000/- If so employees whose basic is less than 8300, EPF amount goes negative.

    Kindly reply at the earliest.

    Thanks
    Mahesh

  100. Nikhil says:

    Hi
    The employee is taking Salary of 15000/- & basic is 6000 He do not want to deduct the PF from his Salary is there any provission

  101. S. RAMAMOORTHY says:

    Sir

    I am working in an institution where we are making epf contribution for all employees for a ceiling amount of Rs.6500/-. Now, since the ceiling is revised to 15000, my management has decided not to take the increased burden. Hence it is decided to make epf contribution only to those staff who are below 15000. Is there any provision/rule to delete those staff for whom we have been remitting epf contribution with a ceiling of 6500 w.e.f. 1.9.2014 or is it mandatory to pay the increased epf contribution for them, since they are still continuing in service.

    Please clarify.

    Regards

    S. Ramamoorthy

  102. Gaurang Shah says:

    Please guide for PF calculation for challan after revised celling (6500 to 15000)

  103. VIJAY KUMAR JOSHI says:

    Sir,
    Kindly let me confirm that PF contribution deduction is to be made over Basic Wages 7000/- or Gross salary 14000/-and what would be employer share towards pension fund of employee. Previously Rs.541/-was deposited under pension fund and balance in account of employee share. Secondly any new appointment with Basic + HRA+Conveyance = 15050.PF contribution is to required or not.
    Third point is that whether can we can contribute 780/-for both the shares.
    Thanks
    Warm Regards
    V.K.JOSHI

  104. krishnaH says:

    what is increase in the pension as per revised rates, I was drawing 18000/- when I retired in 2014 may

  105. Nitin P. Gajjar says:

    Please help me about point regarding PF wage ceiling Rs.15000/-
    1.How can minimum basic percentage of CTC or Gross salary(Maximum 60% is OK)
    2.PF can deduct on minimum basic Rs.3000 to 4000 If gross salary above 15000
    3.PF wage ceiling applicable from Sept.14 salary paid in Oct-14 is it ok?
    4.Pension amount on 15000 X 8.33& =1250 or limit Rs.1000
    5.Is any law regarding minimum & maximum % Basic and other allowances

  106. Mahesh says:

    what is the meaning of minimum pension of Rs.1000/-? 8.33% on Rs.15000/- is Rs.1250/-. If an employees basic itself is Rs.5000/- then we should set aside Rs.1000/- towards pension fund and rest to employer PF. In that case employer PF becomes negative – Rs. -400/-

    Request to reply on this

    Thanks
    Mahesh

  107. NEW PF DEDUCTION says:

    Dear PRAMOD GUPTA,
    The FP calculation will be on basic salary i.e Rs. 7700/-.
    Dear sanjay,
    It depends on your salary bifurcation..
    Dear Pramod Merwani,
    The FP calculation will be on basic salary i.e Rs. 12000/- not on Rs. 15000/-.
    Dear ASHOK SAHU,
    The FP calculation will be on basic salary i.e Rs. 15000/-.

    Thanks
    Abhishek

  108. NEW PF DEDUCTION says:

    Dear All,
    As per CTC the salary contribution and detail are as below:-
    Lets we take two examples

    Example-1
    CTC Salary – Rs. 25000/-
    Basic (60% of CTC) – Rs. 15000/-
    Medical (Max.)- Rs. 1250/-
    HRA (40% of Basic) – Rs. 6000/-
    Conveyance (Max.)- Rs. 800/-
    Sp. Allowance – Rs. 1950/-

    Deduction:-
    PF:- (Emp. Cont.)= Rs. 15000*12%= Rs. 1800
    PF:- (Empr. Cont.)= Rs. 15000*13.61%= Rs.2041.50

    Example- 2

    CTC Salary – Rs. 25002/-
    Basic (60% of CTC) – Rs. 15001.2/-
    Medical (Max.)- Rs. 1250/-
    HRA (40% of Basic) – Rs. 6000.48/-
    Conveyance (Max.)- Rs. 800/-
    Sp. Allowance – Rs. 1950.32/-

    Deduction:-
    PF:- (Emp. Cont.)= Rs. 0*12%= Rs. 0
    PF:- (Empr. Cont.)= Rs. 0*13.61%= Rs.0

    Burden Calculation on Employee and Employer:-

    Example-1 (Base Rs. 6500/-)
    CTC Salary – Rs. 25000/-
    Basic (60% of CTC) – Rs. 15000/-
    Medical (Max.)- Rs. 1250/-
    HRA (40% of Basic) – Rs. 6000/-
    Conveyance (Max.)- Rs. 800/-
    Sp. Allowance – Rs. 1950/-
    Deduction:-
    PF:- (Emp. Cont.)= Rs. 6500*12%= Rs. 780
    PF:- (Empr. Cont.)= Rs. 6500*13.61%= Rs.884.65

    Example-2 (Base Rs. 15000/-)
    CTC Salary – Rs. 25000/-
    Basic (60% of CTC) – Rs. 15000/-
    Medical (Max.)- Rs. 1250/-
    HRA (40% of Basic) – Rs. 6000/-
    Conveyance (Max.)- Rs. 800/-
    Sp. Allowance – Rs. 1950/-
    Deduction:-
    PF:- (Emp. Cont.)= Rs. 15000*12%= Rs. 1800
    PF:- (Empr. Cont.)= Rs. 15000*13.61%= Rs.2041.50

    Burden

    Employee Contribution Increased by Rs. 1020/- Max.
    Employer Contribution Increased by Rs. 1156.85/- Max.

    Thanks & Regards
    Abhishek Kr. Tripathi
    Manager- HR & Admin.
    9792001522

  109. PRAMOD GUPTA says:

    Please clear my confusion how to deduction PF on my salary (Basic-7700+ HRA 2750 + CONVEYANCE 800 + SPL. ALLOW.2100 TOTAL=13350)ON BASIC(7700)OR 13350/-
    please clear my confusion

    Thanks
    pramod gupta

  110. sanjay s says:

    I am working in privet sector,my pf alreddy deducted after new notification
    how much amt ded and new salary stucter ? my current salary 12000/-

    regards,
    sanjay s.

  111. sweta joshi says:

    kindly mail me latest HR updates on email id.

  112. K N BABU says:

    It is very clear every one has problem regarding this revised slab and only the concern EPF office only has to clarify the companies, unless until if don’t have proper information’s it is very difficult for every one to understand the process. The only solution is appropriate dept has to clarify the information very clearly without which it has various irrelevant doubts on each persons mind.

    Need immediate attention from the concern dept.

    Regards,
    K N BABU

  113. Satheesh says:

    more clarification is required for the salary structure for PF computation with present concept of CTC where so many components as allowances & variable pay is included in salary cost.

    Regds
    Satheesh

  114. Pramod Merwani says:

    If someone earing 12000 as basic wht wuld be the deduction of PF 12% of 12k or 15k (1440/1800)?

    Please help..

  115. mukesh goyal says:

    this is clearly understood that the maximum limit for deduction of EPF (Employee Share) has been increased from Rs.6500/- (Rs.780/-) to Rs.15000/- (Rs.1800/-), but, the maximum limit of Employers’ contribution towards EPF / FPF is not defined anywhere (Rs.239/Rs.541)
    will anybody please clear this matter, to enable all the employers to take note of the same so that they must not make any mistake in this regard.

  116. PREM CHAND GUPTA says:

    Still not clear about the calculation of pension.Pl. provide formula for calculation of pension.

  117. harsha says:

    hello sir
    my question regarding this new pf limit is whether we have to set all employees salary rs.15000 as per labour law…is there any amendment of limit as per labour law?

  118. ajay sharma says:

    It is good that the limit has been increased. But the private sector employee is more concerned about his pension. So it is not clear what pension formula has been adopted for the pension.

    Regards,

    Ajay Sharma

  119. SUJIT says:

    PLESE TAG THIS NOTIFICATION FROM EPFO SITE.

  120. Pankaj Garg says:

    Does it mean that now FPF deduction would be Rs 1249 instead of Rs 542?

  121. ASHOK SAHU says:

    now Maximum Limit for contribution of employer is 15000/- or 6500/-.
    kindly clarify

  122. Surinder says:

    What is the source of Information…

    On egazette.nic.in/ copy of gazette is not available……

  123. ajay rastogi says:

    I appreciating to increase limit of pensionable fund from 6500/- to 15000/- by the govt. but the point is still not cleared whats increase would be in retirement pension of private sector employee, which at present fixed by the E PF approx. Rs. up to 2500/ PM as per prorate base.
    Kindly provide a data base calculation to get how much benefit or increase in monthly pension after retirement for a employee.

    Regards,
    A.K.RASTOGI

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