PF New slab - compliance

[venkat eswaran]

Dear All,

PF limit has been increased to ₹ 15000/-. I Heard this is applicable from wage month of Sep-14. Hope this is right?

Previosuly we have not covered some persons whose salary is ₹ 10000/- now i have to cover these persons also is it?

Now PF minium contributution is ₹ 780/- from employee linked to attendance that is for salary ₹ 6500/ [12%] . Whether this min. amount also increased ? If increased how much?

Now the max amount of Pension scheme is ₹ 541/-. Whether This amount also increased if yes how much?

Pl share is views

Thanks in advance

Venkat

AI Summary

Provident fund wage ceiling increase expands coverage and fixes pension contribution rate with a new cap.
Provident Fund wage ceiling increased to Rs. 15000 effective September 2014, extending coverage to employees previously excluded. The prior pension cap of Rs. 541 is replaced by a new maximum pension contribution of Rs. 1250, and pension contributions for those earning below the Rs. 15000 ceiling are to be made at 8.33%.