PF ceiling raised: how much more does each employee cost?
Summary
With the wage ceiling raised from ₹15,000 to ₹25,000, employer PF for staff whose basic + DA is ₹25,000 or more rose from ₹1,800 to ₹3,000 a month (up to +67%).
Key points
- The employee share also rises from ₹1,800 to ₹3,000 (lower take-home pay)
- Within the employer share, pension (EPS) rises from up to ₹1,250 to ₹2,083
- Staff earning ₹15,000–25,000 a month newly join EPS
- The ESIC ceiling of ₹21,000 is unchanged
What it means for Korean companiesFor 100 staff, employer PF alone can rise by up to ₹14.4 lakh a year. Revisit your budget and pay structure.