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Provident Fund Body May Hike Monthly Wage Ceiling To Rs 25000

Provident Fund Body May Hike Monthly Wage Ceiling To Rs 25000

Tuesday, December 13, 2016, 4:12 PM

Retirement fund body EPFO, may approve a proposal to hike the wage ceiling under its social security schemes. From December 19th, wage ceiling will be hiked from INR 15,000 a month to INR 25,000 a month. EPFO currently has a subscriber base of 4 crores. If the wage ceiling is hiked, 50 lakh more formal sector employees, will come under the social security net.
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