Jammu, January 05: In another decision taken by state government, the ceiling limit of provident fund (PF) has been raised from Rs 10,000 to Rs 15,000
As per the official sources, several amendments have been made in the Employees Provident Fund Scheme, 1961 by the government of Jammu and Kashmir which includes enhancement of ceiling limit of Rs 10,000 to Rs 15,000 for the subscriptions of provident fund by the subscriber.s
The raised limit of Provident fund is going to benefit lakhs of subscribers in Jammu and Kashmir. The were getting benefits under EPF Scheme upto the ceiling limit of Rs 10,000 which has now been raised to Rs 15,000. The changed limit will be effective from December 21, 2015.