The government has raised the wage limit for the Employees’ Provident Fund from Rs 15,000 to Rs 25,000 monthly. This adjustment mandates that employees earning under Rs 25,000 join the EPF and EPS schemes. Existing EPS members above this wage threshold will maintain their status, while new entrants won’t be obliged to enroll. This reform seeks to enhance social security benefits for workers and their families.
Read more at The Economic Times
Disclaimer: The content of this post is sourced from external sites and is for informational purposes only. All rights and credits belong to the original authors and publishers.