ENHANCEMENT OF SALARY LIMIT OF EMPLOYEES PROVIDENT FUND

| December 20, 2013

ENHANCEMENT OF SALARY LIMIT OF EMPLOYEES PROVIDENT FUND

GOVERNMENT OF INDIA
MINISTRY OF  LABOUR AND EMPLOYMENT
RAJYA SABHA

UNSTARRED QUESTION NO-748

ANSWERED ON-11.12.2013

Enhancement of salary limit of Employees Provident Fund

748 . SHRI RAMACHANDRA KHUNTIA

(a)whether Government is considering to enhance the salary limit of employees of providentfund to Rs. 15000/- and reduce the number of workers from 20 to 5 in view of the mechanization and down sizing of the workers; and
(b)whether Government is also considering to raise the provident fund related pension to Rs. 2000/- per month as minimum pension?
ANSWER

MINISTER OF STATE FOR LABOUR AND EMPLOYMENT (SHRI KODIKUNNIL SURESH)

(a)  Proposals 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.

(b)  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.

Source: rajyasabha.nic.in

Category: EPF, Ministry for Labour, Provident Fund

About the Author ()

Comments are closed.