EPFO Wage Ceiling Raised to INR 25,000: How PF Deduction, EPS Pension and EDLI Cover Change
6 Articles
6 Articles
EPFO Wage Ceiling Raised to INR 25,000: How PF Deduction, EPS Pension and EDLI Cover Change
The Union Cabinet has raised the EPFO wage ceiling from INR 15,000 to INR 25,000, the first revision in 12 years. Up to 1 crore more workers could come under PF, pension and insurance cover, while monthly take-home pay may dip for some. EPFO Wage Ceiling Raised to INR 25,000: How PF Deduction, EPS Pension and EDLI Cover Change.
The central government has raised the salary threshold for mandatory EPFO coverage from ₹15,000 to ₹25,000. The change, effective September 17, could cover more than 5.1 million additional employees. Employees earning ₹15,000 to ₹25,000 will receive pension and insurance coverage, along with PF savings, as per regulations. According to the government, the estimated expenditure is ₹11,339 crore.
EPFO wage ceiling raised: The central government has made a major decision regarding EPF deductions. After a gap of 12 years, the Cabinet approved raising the Employees' Provident Fund (EPF) wage ceiling from ₹15,000 to ₹25,000 per month. This change increases the wage ceiling used for mandatory EPF coverage […]
The Telangana Zonal Office of EPFO and the regional offices in the state have welcomed the increase in the salary limit of mandatory Employees' Provident Fund (EPF) from Rs. 15,000 to Rs. 25,000. The increase in salary limit, which came into effect from the 17th of this month, is a significant expansion in the statutory social security framework and a major change that will bring over 51 lakh more employees across the country under the mandatory…
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