EPFO raises wage ceiling to Rs 25,000 from Rs 15,000
In short
EPFO changed the mandatory wage ceiling from Rs 15,000 to Rs 25,000 on September 17. The move is expected to bring one crore more workers into the social security net, and workers earning up to Rs 25,000 will have a mandatory PF contribution of Rs 3,917.
This matters because more workers may be covered by provident fund rules. The reporting does not say whether any other changes were announced.
What the reporting says
The Employees' Provident Fund Organisation changed the mandatory wage ceiling to Rs 25,000 from Rs 15,000 on September 17, according to a publisher summary. The reported shift is expected to bring one crore more workers into the social security net, and employees earning up to Rs 25,000 will now have a mandatory PF contribution of Rs 3,917. The available reporting does not say whether any further implementation details were announced.
Why it matters
The reported event is EPFO’s change in the mandatory wage ceiling from Rs 15,000 to Rs 25,000, effective September 17. The publisher summary says this could add one crore workers to the social security net and sets mandatory PF contribution at Rs 3,917 for employees earning up to Rs 25,000. The immediate effect is on payroll deductions and worker coverage, though the reporting does not provide more implementation detail.