Dear All, It has comes to be known that PF Basic + DA limit - 6500.00 going to enhance 15000.00 by amendment of PF act. Is any body having any clue about the same please revert.
From India, Bangalore
From India, Bangalore
Dear All, Still this is in proposal stage. Notification to this effect yet to come & I believe this will take sometime or may be enhanced at 10000/- instead of 15000/-.
From India, Mumbai
From India, Mumbai
Dear All,
On 12.06.2009 the Government of India constituted an Expert Committee on Employees' Pension Scheme - 1995 to review the existing pension scheme. The committee submitted their recommendations to the Parliament on 5.8.2010 and subsequently approved by the Central Board of Trustees (EPF) two months ago (according to news paper reports).
One of the above recommendations is to enhance the ceiling salary limit of EPF from Rs. 6500 to 10,000.
Abbas.P.S
From India, Bangalore
517On 12.06.2009 the Government of India constituted an Expert Committee on Employees' Pension Scheme - 1995 to review the existing pension scheme. The committee submitted their recommendations to the Parliament on 5.8.2010 and subsequently approved by the Central Board of Trustees (EPF) two months ago (according to news paper reports).
One of the above recommendations is to enhance the ceiling salary limit of EPF from Rs. 6500 to 10,000.
Abbas.P.S
From India, Bangalore
Dear All,
i want to know about how do calculate Grassing up.
Exp: If take home is 14500 after deduction PF, ESI, PT, LWF and IT. so what is CTC amount. Please Help me about this calculation.
I waiting your reply......
Manjunath.Panchal
+91 9743481431
From India, Bangalore
i want to know about how do calculate Grassing up.
Exp: If take home is 14500 after deduction PF, ESI, PT, LWF and IT. so what is CTC amount. Please Help me about this calculation.
I waiting your reply......
Manjunath.Panchal
+91 9743481431
From India, Bangalore
Dear All,
Well Since last couple of years we seen lot of changes at the salary structure as in the case of ESI and forward going we can expect PF Slab to increase till Rs 10,000 /- as a result, maximum contribution can reach upto Rs 1200 / Per month (Employer's Contribution).An excellent Iniative to Save money for future that too with revised PF Interest Rate (9.5%).
Cordially
Subin Chandran
From India, Delhi
Well Since last couple of years we seen lot of changes at the salary structure as in the case of ESI and forward going we can expect PF Slab to increase till Rs 10,000 /- as a result, maximum contribution can reach upto Rs 1200 / Per month (Employer's Contribution).An excellent Iniative to Save money for future that too with revised PF Interest Rate (9.5%).
Cordially
Subin Chandran
From India, Delhi
Dear All ,
Kindly Note - " PF CONTIBUTION MAY COVER HOUSE RENT & COVEYANCE ALLOWANCE"
The Madhya Pradesh high court's ruling that employee benefits, such as house rent and conveyance allowances, should be taken into account while computing the employee provident fund contributions may soon be implemented all over the country.
Central provident fund commissioner Samirendra Chatterjee said the ruling was conveyed to EPF offices in the state, but he said it could be implemented all over the country in consultation with the ministry of labour.
The ruling marks a shift from the present arrangement where the employees have to contribute 12% of their basic salaries while the employers have to match the contributions.
The new order will mean higher retirement corpus for employees though it would result in a cut in their take-home package. But it will also bring additional burden on the companies.
Source - Hindustan Times
Cordially
Subin Chandran
From India, Delhi
Kindly Note - " PF CONTIBUTION MAY COVER HOUSE RENT & COVEYANCE ALLOWANCE"
The Madhya Pradesh high court's ruling that employee benefits, such as house rent and conveyance allowances, should be taken into account while computing the employee provident fund contributions may soon be implemented all over the country.
Central provident fund commissioner Samirendra Chatterjee said the ruling was conveyed to EPF offices in the state, but he said it could be implemented all over the country in consultation with the ministry of labour.
The ruling marks a shift from the present arrangement where the employees have to contribute 12% of their basic salaries while the employers have to match the contributions.
The new order will mean higher retirement corpus for employees though it would result in a cut in their take-home package. But it will also bring additional burden on the companies.
Source - Hindustan Times
Cordially
Subin Chandran
From India, Delhi
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