Deccan Herald ·
Economy, business and finance
Union Cabinet approves raising EPFO wage ceiling to Rs 25,000 per month
Union Cabinet approves hike in EPFO wage ceiling to Rs 25,000 per month, benefiting 51 lakh workers. New limit aims to expand social security coverage amid rising formal employment and wage growth.
The decision is likely to benefit over 51 lakh employees who are currently out of the ambit of mandatory EPFO coverage.