Enhancement of salary limit of Employees Provident Fund

Enhancement of salary limit of Employees Provident Fund

Enhancement of salary limit of Employees Provident Fund is considering to Rs.15000..!

While answering to a question in Parliament, Minister of State for Labour and Employment Shri Kodikunnil Suresh said that A proposal for enhancing the wage ceiling from Rs. 6500/- to Rs. 15000/- and reducing the threshold limit from 20 to 10 under the Employees Provident Funds & Miscellaneous Provisions Act, 1952 are under consideration of the Government.

A proposal for providing a minimum pension of Rs. 1000/- to member pensioners under Employees’ Pension Scheme, 1995 is also under consideration of the Government.

Source : CGEN.in