Government Plans To Raise EPF Wage Ceiling To Rs 25,000

The government may raise the Employees’ Provident Fund (EPF) wage ceiling from Rs 15,000 to Rs 25,000 per month to expand social security coverage. If approved by the EPFO board, the change could take effect from April 1. Employees’ contributions and employers’ payroll costs will rise, boosting retirement savings but reducing take-home pay.