Govt raises EPFO wage ceiling to ₹25,000 per month
after close1 source ↓written by the desknot a recommendation
- EPFO coverage
- ₹15,000
- per month
- ₹25,000
- additional employees
- 51 lakh
- is projected
- ₹11,339 cr
The Union Cabinet has increased the wage ceiling for EPFO coverage from ₹15,000 to ₹25,000 per month, expected to include 51 lakh additional employees. The annual government expenditure is projected at ₹11,339 cr. This change will take effect from Vishwakarma Jayanti tomorrow, enhancing social security for workers.
Not investment advice. For informational purposes only.