Business News

EPF wage ceiling hike: Lesser take home salary for these employees; know how you will be impacted

FinSiddhi

In a significant update, the EPFO wage ceiling limit has been modified to Rs 25,000 monthly. This modification will add fifty-one lakh workers to the social security umbrella. With this change, both employee and employer contributions will go up from Rs 1800 to Rs 3000, potentially cutting monthly take-home pay by Rs 1200.
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