Monday, December 16, 2013

Enhancement of salary limit of Employees Provident Fund-BPS efforts are likely to bear fruits



Posted: 15 Dec 2013 05:31 PM PST
Enhancement of salary limit of Employees Provident Fund

Enhancement of salary limit of Employees Provident Fund is considering to Rs.15000..!

While answering to a question in Parliament, Minister of State for Labour and Employment Shri Kodikunnil Suresh said that A proposal for enhancing the wage ceiling from Rs. 6500/- to Rs. 15000/- and reducing the threshold limit from 20 to 10 under the Employees Provident Funds & Miscellaneous Provisions Act, 1952 are under consideration of the Government.

A proposal for providing a minimum pension of Rs. 1000/- to member pensioners under Employees’ Pension Scheme, 1995 is also under consideration of the Government.


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