EPF hike: What workers gain, what Centre pays
The Indian government raised the provident fund wage ceiling to ₹25,000 from ₹15,000, impacting over 51 lakh employees. This change will increase the Centre's annual expenditure to ₹11,339 crore, up from ₹10,250 crore, with a five-year total estimated at ₹56,696 crore. The move aims to enhance social security coverage and workforce stability for employees earning between ₹15,000 and ₹25,000.