Friday, March 18, 2016

Wages Limit Chart for Employee Provident Fund from 01.11.1952

The Central Government has amended the ceiling for contributions under the Employees’ Provident Fund and Miscellaneous Provisions Act, 1952 (EPF Act) and the Employees’ Provident Fund and Miscellaneous Provisions Scheme, 1952 (EPF Scheme) from Rs.  6,500 to Rs. 15,000, with effect from 1 September 2014. The Employees’ Provident Fund Organisation (EPFO) has, by its circular dated 28 August 2014, asked all additional Central Provident Fund Commissioners and Regional Provident Fund Commissioners to ensure implementation of this amendment. In this chart we compiled the Wages Limit for EPF since the inception of Employees’ Provident Fund and Miscellaneous Provisions Act, 1952 (EPF Act).
CHANGE OF WAGE LIMIT {PARA 2(f) OF EPF SCHEME 1952}
PeriodWage limit per month
01.11.1952 to 31.05.1957Rs. 300/-
01.06.1957 to 30.12.1962Rs. 500/-
31.12.1962 to 10.12.1976Rs. 1,000/-
11.12.1976 to 31.08.1985Rs. 1,600/-
01.09.1985 to 31.10.1990Rs. 2,500/-
01.11.1990 to 30.09.1994Rs. 3,500/-
01.10.1994 to 31.05.2001Rs. 5,000/-
01.06.2001 to 31.08.2014Rs. 6,500/-
01.09.2014 onwardsRs. 15,000/-

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