The Indian government has increased the EPF monthly wage limit from 15,000 rupees to 25,000 rupees to expand social security coverage to over 5.1 million additional employees.
Reader brief
Through the Reader lens: The Indian government has increased the monthly wage limit for mandatory Employee Provident Fund coverage from 15,000 rupees to 25,000 rupees. This regulatory change aims to bring an estimated 5.1 million additional workers into the formal social security system. Eligible employees will now gain access to retirement savings with interest, pension benefits under the Employee Pension Scheme, and life insurance coverage through the Employees Deposit Linked Insurance scheme.
Sources1
All filed from IndiaNamed India · Employees' Provident Fund Organisation · Government of India
- [1]Aaj Taksupportive₹15000 से बढ़कर ₹25,000 हुई EPF वेज लिमिट, पता हैं ये 5 फायदे?