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.