1 day ago
Higher PF Wage Ceiling Expands Mandatory EPF Coverage
The wage limit for joining the PF scheme has gone up.
It was earlier ₹15,000 per month and is now ₹25,000.
This means workers earning up to ₹25,000 must be covered by EPF.
Some workers earning between ₹15,000 and ₹25,000 may not have been covered before.
They will now have to join the scheme.
The change means more employees will become EPF members.
Employers will need to account for the expanded coverage.
The article does not state when the change takes effect.
The PF wage ceiling has been increased from ₹15,000 to ₹25,000 per month.
Employees earning up to ₹25,000 per month will be subject to mandatory EPF coverage.
Workers earning between ₹15,000 and ₹25,000 may previously have remained outside the EPF framework.
Those employees will now be required to become members of the EPF scheme.
The change expands the group of employees covered by mandatory provident fund rules.
- Who
- Employees earning up to ₹25,000 per month, particularly those earning between ₹15,000 and ₹25,000.
- What
- The PF wage ceiling has increased to ₹25,000, expanding mandatory EPF coverage.
- Where
- Not specified in the article.
- When
- Not specified in the article.
- Why
- To bring employees earning up to ₹25,000 per month under mandatory EPF coverage.
Key facts
- New wage ceiling
- ₹25,000 per month
- Previous wage ceiling
- ₹15,000 per month
- Mandatory coverage
- Employees earning up to ₹25,000 per month will be subject to mandatory EPF coverage.
- Affected employees
- Workers earning between ₹15,000 and ₹25,000 per month.
- Earlier status
- Some employees in the ₹15,000–₹25,000 range may previously have remained outside the EPF framework.
- Result
- Affected employees will now be required to become members of the EPF scheme.
Sources
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