The Central Government has amended the ceiling for contributions under the Employees’ Provident Fund and Miscellaneous Provisions Act, 1952 (EPF Act) and the Employees’ Provident Fund and Miscellaneous Provisions Scheme, 1952 (EPF Scheme) from Rs. 6,500 to Rs. 15,000, with effect from 1 September 2014. The Employees’ Provident Fund Organisation (EPFO) has, by its circular dated 28 August 2014, asked all additional Central Provident Fund Commissioners and Regional Provident Fund Commissioners to ensure implementation of this amendment. In this chart we compiled the Wages Limit for EPF since the inception of Employees’ Provident Fund and Miscellaneous Provisions Act, 1952 (EPF Act).
Also Read-Impact on employees of Enhancement of wage ceiling from Rs. 6500/- to Rs. 15000/-
| CHANGE OF WAGE LIMIT {PARA 2(f) OF EPF SCHEME 1952} | |
| Period | Wage limit per month |
| 01.11.1952 to 31.05.1957 | Rs. 300/- |
| 01.06.1957 to 30.12.1962 | Rs. 500/- |
| 31.12.1962 to 10.12.1976 | Rs. 1,000/- |
| 11.12.1976 to 31.08.1985 | Rs. 1,600/- |
| 01.09.1985 to 31.10.1990 | Rs. 2,500/- |
| 01.11.1990 to 30.09.1994 | Rs. 3,500/- |
| 01.10.1994 to 31.05.2001 | Rs. 5,000/- |
| 01.06.2001 to 31.08.2014 | Rs. 6,500/- |
| 01.09.2014 onwards | Rs. 15,000/- |
Please Share notification that limit increase from 6500 to 15000 for EPF deduction be employer
15000 for family is too low. pls come with better schemes
THE GOVT REALLY WELL DECISION FOR LABOUR OF THERE MINIMUM WAGES DECIDE BUT GOVT HOW TO ANNOUNCE ALL WORKER
Is this notified now?