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Higher Wage Ceiling Of Rs. 25,000 To Add 1 Crore Workers To EPFO Net

Higher Wage Ceiling Of Rs. 25,000 To Add 1 Crore Workers To EPFO Net

Sunday, April 2, 2017, 7:02 PM

EPFO is likely to raise this month the wage ceiling for mandatory coverage under its social-security schemes to Rs.25,000 a month, from Rs.15,000 at present, bringing additional 1 crore formal sector workers in its net. "The proposal was deferred due to paucity of time and would be taken up at another meeting being planned for later this month," EPFO trustee D L Sachdev said.
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