2 hrs ago
EPFO Wage Ceiling Raised From Rs 15,000 To Rs 25,000
The EPFO has increased the wage limit from Rs 15,000 to Rs 25,000.
This limit had last been changed in 2014.
Since then, many people’s wages and incomes have gone up.
More workers are also part of the formal workforce.
Minimum wages in several states and jobs have also increased.
In some places, those wages are now close to Rs 15,000.
The new limit reflects these changes in earnings.
The articles do not provide a specific date for the revision.
The EPFO wage ceiling has been raised to Rs 25,000 from Rs 15,000.
The previous wage-ceiling revision took place in 2014.
The change comes as earnings and incomes have risen across several sectors.
India’s formal workforce has expanded since the previous revision.
Minimum wages in several states and occupations have moved closer to Rs 15,000.
- Who
- The Employees' Provident Fund Organisation (EPFO).
- What
- The EPFO wage ceiling was raised from Rs 15,000 to Rs 25,000.
- Where
- The articles do not specify a location.
- When
- The articles do not specify when the revision took place; they state that the previous revision was in 2014.
- Why
- Wages and incomes have risen, the formal workforce has expanded, and minimum wages in several states and occupations have moved closer to Rs 15,000.
Key facts
- Organisation
- EPFO
- New wage ceiling
- Rs 25,000
- Previous wage ceiling
- Rs 15,000
- Previous revision
- 2014
- Reported economic context
- Rising earnings and an expanding formal workforce
- Minimum-wage trend
- Minimum wages in several states and occupations have moved closer to Rs 15,000
Sources
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