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Finance Ministry approves raising EPF wage ceiling to ₹25,000

Finance Ministry approves raising EPF wage ceiling to ₹25,000

NewsBytes 5 hrs ago
The Finance Ministry has approved a proposal to raise the wage ceiling for mandatory coverage under the Employees' Provident Fund (EPF) and Employees' Pension Scheme (EPS) to ₹25,000 per month.
The move is aimed at expanding social security coverage in the organized private sector. The revised limit will come into effect only after receiving approval from the Union Cabinet.
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