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India

EPFO salary limit may jump to ₹30,000; are you about to get automatic PF?

The Indian government is contemplating a significant increase in the salary cap for Employees' Provident Fund (EPF) coverage, potentially raising it from the current limit of ₹15,000 to between ₹25,000 and ₹30,000. This change could extend social security benefits to a larger number of employees, making it mandatory for employers to enroll more workers in the EPF.

EPFO salary limit may jump to ₹30,000; are you about to get automatic PF?

Credit: Mathrubhumi

Key Highlights

  • Current EPF coverage limit is ₹15,000 per month.
  • Government reviewing a proposal to raise the limit to ₹25,000-₹30,000.
  • Increase could include lakhs of additional workers under EPF.
  • Employers would be required to enroll more employees if the change is approved.
  • The wage ceiling determines compulsory EPF enrollment.
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Sources

  1. EPFO salary limit may jump to ₹30,000; are you about to get automatic PF?

This quick summary is automatically generated using AI based on reports from multiple news sources. The content has not been reviewed or verified by humans. For complete details, accuracy, and context, please refer to the original published articles.

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