PF: Due to the decision of the Central Government, the silver of the employees, EPFO ​​will implement this rule

New Delhi: There is good news for the employees. The central government will soon increase the amount of PF savings (Provident Fund) scheme. With this decision, more amount will be deposited in the PF account on behalf of the employees and the company than before. With this decision of the government, more money will be […]
 


PF: Due to the decision of the Central Government, the silver of the employees, EPFO ​​will implement this rule

New Delhi: There is good news for the employees. The central government will soon increase the amount of PF savings (Provident Fund) scheme. With this decision, more amount will be deposited in the PF account on behalf of the employees and the company than before. With this decision of the government, more money will be deposited in the pension account of the employee. Also, after the implementation of this decision, more employees than before will come under the ambit of PF. (epfo news central government may decide to increase employee and employer contribution to minimum wage latest marathi news)

Rules changed eight years ago

There is a fixed figure of salary of the employee to avail PF. According to this, the amount of PF is deducted from the account of the employee who currently has a salary of at least Rs 15 thousand. This rule was changed 8 years ago i.e. in 2014. Then this figure was increased from 6 thousand 500 rupees to 15 thousand rupees. According to the rules, it is mandatory to deposit PF if there are more than 20 employees in the company or factory.

Will salary increase?

According to the information received, a decision will be taken regarding the salary hike through a committee. This decision will be taken according to inflation. According to EPFO, the minimum salary limit can be increased from 15 thousand to 21 thousand.

 

If this number increases, then there will be an increase of 6 thousand in the salary of the employees. This will result in an increase in the contribution figure from the salary of the employee and the company. At present, those whose salary is Rs 15 thousand, Rs 1 thousand 800 per month is deducted as PF from their account. If the salary of the employee is 21 thousand, the amount of PF will be 2 thousand 530 rupees. So when this decision is taken, it will be the focus of the employees.