If you are looking for EPF wages ceiling notification of 15000 Rs then here you can download it, maybe it is a very old notification but sometimes we need to have a copy of EPFO circular. Before September 2014 the eligible basic wage to became a part of EPF is 6500 Rs, but after 1 September 2014, the eligible basic wage limit increased from 6500 to 15000 Rs. The increased ceiling limit notification of EPF wages was released on 29 August 2014 and became effective from 1 September 2014.
Download EPFO Circular on Basic Salary 15000
As per the above notification, every employee whose monthly basic salary + DA is less than or equal to 15000 Rs will become eligible for employee provident fund scheme. When an employee becomes a member of the employee provident fund scheme then he/she will become a part of the employee pension scheme also. Every employee will contribute 12% of their basic wage and employer will also contribute another 12% of employee basic wage towards EPF account of the member.
Basic wage definition as per EPF act 1952
“Basic wages” means all emoluments which are earned by an employee while on duty or on leave or on holidays with wages in either
case in accordance with the terms of the contract of employment and which are paid or payable in cash to him, but does not include-
(i) The cash value of any food concession;
(ii) Any dearness allowance, that is to say, all cash payments by whatever name called paid to an employee on account of a rise in the
cost of living, house-rent allowance, overtime allowance, bonus, commission or any other similar allowance payable to the employee in
respect of his employment or of work done in such employment;
(iii) Any presents made by the employer
Here is the details of EPF Contribution as on 2019
All the below percentages will be calculated on the basic wage of the employee.
Employee contribution: 12%
Employer contribution
Toward PF account of employee: 3.67%
Towards pension account of employee: 8.33%
PF admin charges: 0.50%
EDLI (Employee Deposit Linked Insurance Charges): 0.01%
my basic salary is 15000 with grade pay of 7000 .including DA my total salary is 41,000. Am I elligible for EPF.
sir, i am retired from central PSU and i am getting old pension Rs 3700. yesterday EPFO has issued circular for enhanced pension whose basic is less than 15000 as on 1.9.2014. what about us who were getting basic more than 15000 on 1.9.2014.
I was member of pf in my last comany but in the new company pf not deducted as my basic is above 15K, is it mandatory to deduct pf contribution for ex pf member having basic above 15K..?
If your basic wage is above 15000 then it is not mandatory for your employer to deduct PF.
But if they want they can pay PF up to 15000 of your basic wage, some companies do that and some don’t do that.
Because if they deduct PF then the same amount should be contributed by them, so it is their choice.
Sir
I am member of EPF & Pension scheme in my earlier co , I left the company in the year 2019 around 5 year service with my earlier co and after completion of two month I Withrow all my PF and Pension contribution from earlier co and Joined new co my gross salary is 21000/
but in present co kept maximum limit of PF salary is 15000 and they are deducting 1800/ PF from my salary and all employer contribution of Rs. 1800/ depositing funder employer contribution of PF , they are not contributing pension contribution . is it correct ?
If they are contributing 1800 Rs, then it will also consist pension amount as well.
(8.33% on 15000 will go to your pension account, and the remaining 3.67% will go to your PF account)
You can check whether the pension amount is contributing or not in your PF passbook.