Government raises EPF wage limit to Rs 25,000 monthly
In short
The government raised the EPF wage limit from Rs 15,000 to Rs 25,000 a month.
Workers earning under Rs 25,000 must join EPF and EPS, while existing EPS members above that level keep their status. The report says this is meant to improve social security, but the exact rollout details were not stated.
What the reporting says
The government raised the Employees' Provident Fund wage limit from Rs 15,000 to Rs 25,000 monthly, according to the report. It said employees earning under Rs 25,000 must join the EPF and EPS schemes, while existing EPS members above that threshold keep their status and new entrants are not obliged to enroll. The change is meant to expand social security coverage, though implementation details were not stated.
Why it matters
The government raised the Employees' Provident Fund wage limit from Rs 15,000 to Rs 25,000 monthly. The report says workers earning under Rs 25,000 must join the EPF and EPS schemes, while existing EPS members above that wage threshold keep their status and new entrants are not required to enroll. The stated aim is to strengthen social security for workers and families. No implementation timeline was provided.