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Govt may hike salary threshold to Rs21,000 for mandatory PF coverage

Govt may hike salary threshold to Rs21,000 for mandatory PF coverage

Wednesday, April 5, 2017, 11:50 AM

The Union government is likely to walk a middle path and increase the wage threshold from Rs15,000 to Rs21,000 for mandatory provident fund coverage instead of the Rs25,000 proposed by the (EPFO). The Rs 21,000 cap will help bring in over six million more employees under the social security net without putting a strain on the government exchequer.
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