ICICI

Pf enhancement of wage ceiling from rs. 6,500/- to 15,000/-


@VaibhavJ (Believe!! Live your dreams!)     02 September 2014

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Upto 31-Aug-2014 for calculating PF eligibility ceiling on Basic + DA + Spl. Allowance (for Maharashtra) was Rs. 6500.

 

Means if your establishment is liable to contribute towards PF then as long as Basic + DA + Spl. Allowance of an employee is more than Rs. 6500/- then it was an optional to employer for contribute PF.

However from 1-Sep-2014 limit got Revised to Rs. 15000 from Rs. 6500/-

Find attached Enhancement of wage ceiling from Rs. 6,500/- to 15,000/- under PF.

 

Thanks!


Attached File : 112266 1360550 pf amendment.pdf downloaded: 277 times
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M.com,CS,CA F Tushar Sampat (M.com CS,CA F)     02 September 2014

M.com,CS,CA F Tushar Sampat
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thanks for timely update.......................................................

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(Guest)

Thanks dear.. Nice and on time...

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Chintan Patel (Articleship)     03 September 2014

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Thank You for sharing!

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CA Abhilasha Bhagat (ACA)     04 September 2014

CA Abhilasha Bhagat
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Thanks for the share..

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Vaibhav Jandey (Life iz Hard; I'm Harder)     12 September 2014

Vaibhav Jandey
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Thank you Vaibhav, I referred to that pdf file could you tell me what is that pension p.m. 1000 Rs ? and why have you mentioned the state Maharashtra ?

 

 

 

 

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@VaibhavJ (Believe!! Live your dreams!)     12 September 2014

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Originally posted by : Vaibhav Jandey
 Thank you Vaibhav, I referred to that pdf file could you tell me what is that pension p.m. 1000 Rs ? and why have you mentioned the state Maharashtra ?

Hi, after introducing new slabs, govt is planning to pay min of Rs. 1000/- pension to all.

 

PF is calcilated on Basic Pay + Dearness allowance, however in Maharashtra DA is termed as special allowance hence if you are not paying Dearness Allowance but paying Spl Allowance then PF is to be contributed on Spl Allowance too.

 

Thanks!!

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Hardik Dave (IPCC and CS Professional(FINAL) Student)     15 September 2014

Hardik Dave
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Thanku for sharing.smile. Keep sharing.


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