Cabinet raises EPFO wage ceiling to ₹25,000
In short
The Cabinet raised the EPF wage ceiling to ₹25,000. The change expands coverage to 51 lakh employees and is the first such update in 12 years.
This matters because more workers may get social security cover, and employer contributions could rise. The report does not say exactly when the change will take effect.
What the reporting says
The Cabinet increased the EPF wage ceiling to ₹25,000, expanding coverage for 51 lakh employees and marking the first change in 12 years. The report says the move raises employer contributions and boosts pension benefits for long-term subscribers, which may lift total accumulated corpus. The exact implementation timing and any further policy changes are not stated.
Why it matters
The Cabinet increased the EPF wage ceiling to ₹25,000, widening coverage to 51 lakh employees and changing the contribution base after 12 years. The reporting says employer contributions will rise and pension benefits for long-term subscribers will improve, which could increase the total accumulated corpus. The implementation timeline and any secondary policy details are not stated.