banner_ad

Provident fund

This query is : Resolved 
Profile Image

Profile Image

(Querist)
22 February 2014 A person's basic salary is Rs.10000 p.m.His Provident fund is deducted only on Rs.6500 and not on 10000.Is the treatment correct?
Profile Image

@VaibhavJ

Profile Image

@VaibhavJ (Expert)
22 February 2014 Yes, it is absolutely correct as per PF rules.

Thx
Profile Image

anoop bhatia

Profile Image

anoop bhatia (Expert)
22 February 2014 Now Salary Limit for the purpose of Provident Fund is Changed Up to RS 15000.00 from Rs 6500.00.
Hence PF to be calculated on Rs 10,000.00 instead of Rs 6500.00
Profile Image

@VaibhavJ

Profile Image

@VaibhavJ (Expert)
22 February 2014 Hi Anoop

can you share notification!

Thx
Profile Image

anoop bhatia

Profile Image

anoop bhatia (Expert)
23 February 2014 The 203rd meeting of the Central Board of Trustees’, Employees' Provident Fund (CBT, EPF) was held on 05.02.2014 under the Chairmanship of Shri Oscar Fernandes, Chairman CBT, EPF and Union Minister of Labour & Employment .In this meeting major desicion has been taken regarding EPFO.

The main desicion which has been taken that The EPF limit is to be increased to Rs 15000/- from 6500/-.Further Minimum pension of 1000/- Rs has also been approved .
Profile Image

@VaibhavJ

Profile Image

@VaibhavJ (Expert)
25 February 2014 Hi Anoop

This is news & not yet officially effective date announced.

Thx
Profile Image

anoop bhatia

Profile Image

anoop bhatia (Expert)
25 February 2014 Vaibhav ji is right, I had shared only what I had read from public platforms
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 02 May 2026
Senior Executive

hitesh chandwani & co

Pune

B.Com

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details