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can minimum wages hike for pf conrtributio even ESIC has increased its wages from 15000 to 21000,its needed in PF also
From India, Kanpur
Suppose, your basic wages is Rs. 13,000, then 12 per cent of your salary (Rs 1,560) is deducted as PF contribution and a matching contribution of Rs 1,560 is done by your employer.
But as per the apex court verdict, if after adding the allowances your basic wages goes up to Rs 15,000, then your PF contribution will increase to Rs 1,800 and same will be paid by your employer. Therefore, the increased deduction will reduce your take-home salary.
Also, the employer can choose to limit its contribution towards EPF to 12 per cent of Rs 15,000 (Rs 1,800) under Section 26A of EPF act for those employees earning more than Rs 15,000 per month as basic wages.
Therefore, those who are earning a basic salary of more than Rs 15,000 will not be impacted by this ruling.
Domestic workers with basic salary exceeding Rs. 15,000 per month may not get impacted due to this ruling--where Provident Fund contributions are made by the employer on full basic salary or on minimum Rs. 15,000 per month.

From India,
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