Supreme Court Orders Review of EPFO Wage Ceiling within Four Months
12 hours agoBusiness
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6 SourcesNew Delhi, India
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Supreme Court Orders Review of EPFO Wage Ceiling within Four Months

The Supreme Court has directed the Indian government and the Employees' Provident Fund Organisation (EPFO) to decide within four months on revising the current monthly wage ceiling of Rs 15,000 for mandatory EPF contributions. Labour unions advocate for a hike to Rs 30,000, arguing the current limit, unchanged since 2014, excludes many workers due to inflation and rising wages. Employers have previously resisted increases, suggesting contribution rate reductions. This potential revision aims to expand social security coverage, particularly for unorganised sector workers.

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