Dear Team, I am working in a facilities management company. One of the clients wants to ceil in EPF amount @15000/- but Delhi's minimum wage is 18797 skilled salary. It is possible for a ceiling on 15000/- basic on EPF?
Salary ceiling on PF shall going to be hiked. A proposal for hiking salary ceiling on PF from
Rs.15000/- to Rs.21,000/- is under active consideration of Government.
Final decision of Government is awaited and expected to be known at the earliest.
You can fix the contribution limited to the ceiling amount. For any amount in excess of ceiling (Rs 3797 in this case) no PF is deducted and the employer also need not make any contribution. However, it is also possible that the employee contributes based on the actual salary but the employer contribution is limited to the ceiling amount.
@Samal
15000 is EPF limit and it does not conflicts with the delhi state minimum wages, if the employee get 1 lac salary even, the epf limit of 15000 can be maintained
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