Dear All, I have need the chart of whole incresing ceiling date for Epf & esic. kindly provided the same. Thanks & regard Pulkit
From India, New Delhi
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1From India, New Delhi
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Your query is not very clear; that's why there has been no response. For ESIC, the ceiling is ₹15,000 gross salary. Employees earning above ₹15,000 per month are not covered by the ESIC scheme.
EPF Scheme Details
The EPF scheme initially had a limit of ₹6,500 basic salary, of which 12% is deducted. Many organizations either deduct the PF at 12% as per the spirit of the law, thus helping employees save money and receive a fixed interest of 8.5%.
Some organizations have adopted a policy of taking advantage of the maximum limit and deducting 12% of ₹6,500, i.e., ₹780 per month, rather than 12% of the basic salary. Thus, the difference lies in either just fulfilling the law or applying the law in spirit.
Regards,
Shridhar
From India, Mumbai
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EPF Scheme Details
The EPF scheme initially had a limit of ₹6,500 basic salary, of which 12% is deducted. Many organizations either deduct the PF at 12% as per the spirit of the law, thus helping employees save money and receive a fixed interest of 8.5%.
Some organizations have adopted a policy of taking advantage of the maximum limit and deducting 12% of ₹6,500, i.e., ₹780 per month, rather than 12% of the basic salary. Thus, the difference lies in either just fulfilling the law or applying the law in spirit.
Regards,
Shridhar
From India, Mumbai
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Dear Mr. Shridhar, I want to say the incresing date like esic incresing 1.5.2010 10000 to 15000 pf incresing date 1.6.2001 5000 to 6500. I want to whole incresing date. regards Pulkit
From India, New Delhi
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From India, New Delhi
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I shall provide the details on the salary ceiling of PF that prevailed from time to time as follows:
Period | Amount (Rs)
------|----------
1.3.71 to 31.3.83 | 1000
1.4.83 to 31.8.85 | 1600
1.9.85 to 31.10.90 | 2500
1.11.90 to 30.9.94 | 3500
1.10.94 to 31.5.01 | 5000
1.6.01 onwards | 6500
Abbas.P.S
From India, Bangalore
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Period | Amount (Rs)
------|----------
1.3.71 to 31.3.83 | 1000
1.4.83 to 31.8.85 | 1600
1.9.85 to 31.10.90 | 2500
1.11.90 to 30.9.94 | 3500
1.10.94 to 31.5.01 | 5000
1.6.01 onwards | 6500
Abbas.P.S
From India, Bangalore
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Challans for EPF ESIC.zip
Wage-ceiling-ep f-6500-15000-ci rcular-circular .pdf