The ceiling of wage from Rs. 6500/- to Rs. 15000/- for contribution to Provident fund has been enhanced

The ceiling of wage from Rs. 6500/- to Rs. 15000/- for the computation of contribution to Provident fund has been enhanced by Ministry of Labour and employment vide notification dated 22.08.2014.

Extract of the Notification

The central government hereby makes the following, further to amend the Employees’ Provident Funds Scheme, 1952, namely:-

1.  (1) This Scheme may be called the Employees’ Provident Funds (Amendment) Scheme, 2014.

(2) It shall come into force on and from the 1^st day of September, 2014.

2. In the Employees’ Provident Funds Scheme, 1952,-

(a) In paragraph 2, in clause (f), in sub-clause (ii), and In paragraph 26, in sub-paragraph (6) and In paragraph 26A, in sub-paragraph (2),for the words “six thousand and five hundred rupees”, the words “fifteen thousand rupees” shall be substituted;

This Scheme may be called the Employees’ Pension (Amendment) Scheme, 2014.& enforceable from the 1^st day of September, 2014. In the Employees’ Pension Scheme, 1995, in para 3, in sub- para 2, in the proviso, for the words “rupees six thousand and five hundred”, whenever occur, the words “fifteen thousand rupees” shall be substituted