Impact of amendments in the provisions of Provident Fund (PF) regulations

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It’s been approx. 3 months since Ministry of Labour notified the changes in PF regulations which increased the PF wage ceiling from Rs. 6,500 to Rs. 15,000, by more than 125%.!
Around same time (just 3 weeks before), an internal circular was issued which instructed the regional PF offices to inspect the establishments which have splitted the wages to reduce the PF liability.!
The purpose of this whitepaper is to discuss the impact of both the developments on employers and employees with a possible solution