EPFO Seeking Permission from labour ministry to raise mandatory wage ceiling limit to Rs 25,000 per month

1. { G&CC MANAGEMENT
SERVICES PVT. LTD.

2.  Gupta & Company Consultants (G&CC) , Founded by Mr. SACHIN GUPTA is a well
known company in the field of HR Labour Compliance Outsourcing. G&CC was
established in the year 2004 and has grown in leaps and bounds since then and
now comprises of 70 +core team members.
 G&CC specializes in catering to the HR compliance needs of more than 250
clients across the country. Ours is a well known company handling EPF & ESIC
Compliance, Payroll Processing Services, Establishment Compliance Services,
Factory Act Compliances, Contract Labour Compliances, Compliance Audit &
Consultation and Labour Laws Licensing Services.
 Our mission is to continuously engage in effective customer service mechanisms
and provide best in HR services by our honesty and integrity to our customers for
their human resource statutory compliances
 Recently the company name has been changed to G&CC Management Services
Pvt Ltd an ISO 9001-2008 certified .
About G&CC:

3. TOPIC:
EPFO Seeking Permission from labour
ministry to raise mandatory wage
ceiling limit to Rs 25,000 per month

4.  The Employees’ Provident Fund Organisation has asked the labour
ministry to raise the wage ceiling for mandatory EPF cover to
Rs.25,000 a month from Rs.15,000 now for organised-sector
workers. The proposal, if implemented, would raise the number of
active EPF subscribers by around 50 lakh to 4.5 crore.
 A subscriber contributes 12% of her basic salary to the EPF and the
employer makes a matching contribution. However, of the 12%
employers’ contribution, 8.33% goes to the Employees’ Pension
Scheme (EPS) and the remaining towards the PF account. The
Centre also pays 1.16% to the EPS for an employee. Although the
threshold exists for mandatory cover, employers and workers can
opt for the scheme even if the salary levels are higher.
 The EPFO’s wage threshold was last raised in November 2014 from
Rs 6,500 a month.to Rs.15000.00 a month.

5. Contact us :
Head office address :
540/18, Near Aarvy Hospital
Civil Lines, Gurgaon,
Haryana 122001
Email-id:
contact@guptaconsultants.com
sachin@guptaconsultants.com
Website : www.guptaconsultants.com
Contact no:
9871004014 (Mr. Sachin Gupta)
8744079902 (Ms. Pinky Bansal)