EPF Limit increased to Rs. 15000 from Rs. 6500 and Less Take Home

 
 Hello my friends,
 
EPFO has increased the limit of EPF from the amount 6500 to 15000 RS .
 
current deducting PF following way from employer/employee
Employee : 6500*12% = 780
Employer : 6500*12%*1.61%(ST) = 885.

And now, minimal total PF deduction will be work as below ..
So,
Employee : 15000*12% = 1800
Employer : 15000*12%*1.61%(ST) = 2041.

How much additional loss & profit ?
 
Employee : 1020 (1800-780) 
Employer : 1156 (2041-885)

Now, Please be ready to cut your monthly take home salary by more than 1020 RS and good news is that employee will be giving additional 1156 appx RS to your PF account from employer PF contribution.

Do not bother much about this thing and it would help you in retirement...

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