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Provident fund limit to rs.15000

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(Querist)
06 September 2014 Dear Sir,

Please when the limit of Rs.15000/- will be applicable? what are the parameters for person fall in the limit? if u have circular then forward the same.

Please explain ASAp.
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CA Devanand Jethanandani

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CA Devanand Jethanandani (Expert)
06 September 2014 Dear Jinesh,

It is applicable w.e.f. 01.09.2014.

Circular,

https://www.caclubindia.com/forum/pf-enhancement-of-wage-ceiling-from-rs-6-500-to-15-000--304440.asp#.VArJnaOqLww
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CMA. CS. Sanjay Gupta

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CMA. CS. Sanjay Gupta (Expert)
06 September 2014 https://www.caclubindia.com/news/files/40_14348_epf.pdf

Check out notification from above link.



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jinesh

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jinesh (Querist)
06 September 2014 what is to include in ceiling limit for Gujarat. Basic Salary is enough. Please let me explain the breakup of the same.
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CMA. CS. Sanjay Gupta

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CMA. CS. Sanjay Gupta (Expert)
06 September 2014 Basic + Dearness Allowance to be included in Ceiling.
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jinesh

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jinesh (Querist)
06 September 2014 Percentage of computation is 12 % na
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CMA. CS. Sanjay Gupta

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CMA. CS. Sanjay Gupta (Expert)
06 September 2014 Yes. 12% of Basic + DA.
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CA. Anoop Gadia

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CA. Anoop Gadia (Expert)
08 September 2014 Public PF limit is 1,50,000.




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