EPFO raises wage ceiling to Rs 25k, coverage up by Rs 1 crore

The Employees' Provident Fund Organisation (EPFO) raised the monthly wage ceiling for mandatory contributions from ₹15,000 to ₹25,000. This change will extend coverage to approximately 1 crore additional workers and increase pension payouts for existing Employees' Pension Scheme subscribers. The new ceiling marks the first revision since September 2014, effective immediately.

Read the source (Times of India)

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