While lower PF deductions may boost in-hand pay, experts caution that the decision should not be based solely on the prospect of a higher in-hand salary ....
By firmly capping the mandatory employee contribution at 12% of the statutory wage ceiling—or exactly Rs 1,800 per month—the government has unbundled forced retirement savings ....
The excess amount contributed by the employers used to go to the EPF accounts of the employees as the contributions were made on actual wages, which were higher than the wage ceiling.
Keeping your account updated will ensure seamless access to all EPFO benefits and help you avoid unnecessary paperwork when claiming funds after retirement ... .
New EPF scheme 2026 clarifies that contributions above 12 percent or beyond Rs 15000 are voluntary, employers are not obliged to match these, though they may choose to do so ....
Under the old scheme, the Employees' Provident Funds Scheme 1952, the wage ceiling, which is ₹15,000 per month at present, was relevant at the time of joining a firm for providing the employee with mandatory social security cover ....