NewzThe Indian Union Cabinet has officially approved an increase in the Employees' Provident Fund Organisation (EPFO) wage ceiling from Rs 15,000 to Rs 25,000. This policy adjustment aims to align the threshold with current wage growth trends in the labor market.
The previous ceiling of Rs 15,000 had been in effect since September 2014, following a decade of stagnation between 2004 and 2014. The government’s decision reflects a commitment to periodically updating these limits to ensure the social security framework remains relevant to contemporary economic conditions.
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