Recently, an article in the Economic Times reported that employees with a basic salary under Rs 7500 are covered under EPF. This limit was increased back in 2005. However, I could not find any other confirmation of this news, as everywhere it is still mentioned as Rs 6500. Does anyone have clarification on this? Please confirm.
Rajesh Dalmia
From India, Calcutta
Rajesh Dalmia
From India, Calcutta
Hi,
Applicability of the Act & Scheme
Is extended in area-wise to factories using power and employing 10 or more persons and to non-power using manufacturing units and establishments employing 20 or more persons up to Rs. 7500 per month w.e.f. 1.4.2004. It has also been extended upon shops, hotels, restaurants, road motor transport undertakings, equipment maintenance staff in hospitals.
Thanks
sree
From India, Pune
Applicability of the Act & Scheme
Is extended in area-wise to factories using power and employing 10 or more persons and to non-power using manufacturing units and establishments employing 20 or more persons up to Rs. 7500 per month w.e.f. 1.4.2004. It has also been extended upon shops, hotels, restaurants, road motor transport undertakings, equipment maintenance staff in hospitals.
Thanks
sree
From India, Pune
Hi,
The document has not been revised yet. If you have any background information, please provide details. The current amount stands at Rs. 6500/- and is still ongoing.
The Government and PF department have not given any approval or issued any notifications. Please do not worry.
Thanks,
Manoj Kumar
From India, Delhi
The document has not been revised yet. If you have any background information, please provide details. The current amount stands at Rs. 6500/- and is still ongoing.
The Government and PF department have not given any approval or issued any notifications. Please do not worry.
Thanks,
Manoj Kumar
From India, Delhi
Hi Sree,
Your information is correct, but that does not pertain to EPF; it falls under the ESI Act. However, that also changed in October 2007 from Rs. 7500.00 to Rs. 10,000.00. Please make sure.
Regards,
Ravi Kumar T
09964519065
From India, Bangalore
Your information is correct, but that does not pertain to EPF; it falls under the ESI Act. However, that also changed in October 2007 from Rs. 7500.00 to Rs. 10,000.00. Please make sure.
Regards,
Ravi Kumar T
09964519065
From India, Bangalore
The Limit is 6500/- and even we have not received any updates on the same from the consultants..
From India, Pune
From India, Pune
Hi Rajesh Dalmia and Shrihariarjun, Can you please refer to some official notifications? or give more details about the source of the information you have? - Hiten Parekh
From India, New Delhi
From India, New Delhi
Sriharirajun's observation was about ESI and not EPF. The wage limit for ESI was raised with effect from 1-4-04, from Rs. 6500 to Rs. 7500. The ceiling was raised again from Rs. 7500 to Rs. 10000 with effect from 1-10-2006. Since 1-4-04, the applicability of ESI was extended to shops and establishments. For EPF, the salary ceiling still remains at Rs. 6500.
Regards,
Madhu.T.K
From India, Kannur
Regards,
Madhu.T.K
From India, Kannur
No till date it is not revised and ceiling is still 6500/ this is the limit for PF calculation only.
From India
From India
Hi friends,
Without any notifications and amendments passed in the parliament, which are to be published in the gazette, it is not possible to implement the new ceiling limits. Therefore, reports in the newspaper cannot be the basis of it.
Regards
From India, Vadodara
Without any notifications and amendments passed in the parliament, which are to be published in the gazette, it is not possible to implement the new ceiling limits. Therefore, reports in the newspaper cannot be the basis of it.
Regards
From India, Vadodara
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