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Finance Ministry approves raising EPF wage ceiling to ₹25,000
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NewsBytes
The wage ceiling for EPF and EPS was last revised in September 2014, when it was raised from ₹6,500 to ₹15,000.
The current proposal will extend mandatory coverage under these schemes to employees earning up to ₹25,000 per month in basic pay.
This means workers earning between ₹15,000 and ₹25,000 will also have to be enrolled under the schemes.