PF to be Increased to Rs 21000 from Rs 15000

Synopsis

 

• The Government of India is contemplating enhancing the wage ceiling under the Employees' Provident Fund & Miscellaneous Provision Act, 1952 to at least ₹21,000 from ₹15,000 now to widen the social security coverage, a step towards achieving universal social security.
• The last amendment on the cap of salary was made in 2014 wherein the government had raised the PF salary limit from Rs 6500 to Rs 15000.

Note the news are based on Print Media publication read by me during last week. Any official correspondence to support this news isn't observed yet. Let us wait for the official gazette copy for the same.  

Earlier Post 

PF to be Increased to Rs 25000 from Rs 15000 - CBT to Ministry of Labour