Govt may raise EPFO wage ceiling and lower employee threshold for enhanced social security for workers
- Posted on November 11, 2024
- By Business News Today
- 3 Views
Govt may raise EPFO wage ceiling and lower employee threshold for enhanced social security for workers
The Indian government is considering raising the wage ceiling for the Employees' Provident Fund Organisation (EPFO) to ₹21,000 and lowering the employee count threshold for mandatory enrollment from 20 to 10-15. These measures aim to expand social security coverage for workers, aligning with the upcoming Social Security Code.