What EPFO wage ceiling hike means for employees, why some have criticised it
The Ministry of Labour and Employment raised the Employees' Provident Fund Organisation wage ceiling to ₹25,000 from ₹15,000, effective Thursday. This change affects over 8 crore employees, mandating contributions for those earning between ₹15,000 and ₹25,000, potentially adding 51 lakh workers to the EPFO. Critics warn this may lower take-home pay for some workers.