India Considers Raising EPFO Monthly Wage Limit to Rs 25,000-30,000
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India Considers Raising EPFO Monthly Wage Limit to Rs 25,000-30,000

The Indian government is reportedly considering an increase in the monthly wage ceiling for Employees' Provident Fund Organisation (EPFO) coverage from the current Rs 15,000 to Rs 25,000-30,000. This potential move aims to expand social security coverage, particularly for unorganized sector workers, as wages have outpaced the existing limit. The proposal has faced employer resistance previously, with some suggesting reduced contribution rates, while employee unions advocate for a higher Rs 30,000 threshold. The Supreme Court recently directed the labor ministry to review the wage ceiling within four months.

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