New Delhi: The Union Cabinet, chaired by Prime Minister Narendra Modi, on Wednesday approved the proposal to enhance the wage ceiling for mandatory coverage under the Employees’ Provident Fund Organization (EPFO) from Rs 15,000 to Rs 25,000 per month. With this decision expected to bring more than 51 lakh additional employees within its ambit, significantly.
According to the plea, while the minimum wages notified by the Central government and various states have steadily increased over the years, the EPFO wage ceiling has remained frozen since September 2014, leading to the exclusion of employees earning marginally above Rs 15,000 per month from EPF coverage
Jalandhar: Mr. Pankaj Kumar, Regional Commissioner of the Employees’ Provident Fund Organization (EPFO), Ministry of Labour and Employment, Government of India, Jalandhar Regional Office, shared that EPFO is simplifying its processes to provide better services to its members and bring improvements and transparency to EPF accounts. The new Joint Declaration has made the process of.
