Tuesday, September 16, 2014

Provident Fund Wage Ceiling hiked

Henceforth, salaried people earning up to Rs 15,000 a month will have to compulsorily maintain an employee provident fund account, with the Government notifying the new norm. Earlier the salary limit was Rs 6,500 a month. The minimum pension has also been hiked to Rs 1,000/month.

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