PF Limit ₹ 15000.00

[Abdul Razack Basha]

Dear Sirs,

Please send PF limit ₹ 15000.00 circular immediately.

Regards

Abdul Razack

[CA SOHRABH JINDAL]

notification awaited / to be issued by the govt.

[Srivatsan Krishnamachari]

Dear Mr.Abdul Razack Pasha,

The enhancement of coverage under PF @Rs.15,000/- is announced in the finance Bill 2014(Budget 2014) this bill will be passed by the parliament to result in an Ac, then it will be implemented and this said enhancement will come into force.

Regards,

K.Srivatsan

AI Summary

Provident Fund coverage increase will take effect only after the Finance Bill is enacted and government notification is issued.
Enhancement of Provident Fund coverage to a higher wage threshold was proposed in the 2014 finance legislation but becomes operative only after the Finance Bill is enacted into law and the government issues the required notification; until that enactment and notification occur, existing coverage rules continue to apply.