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The Economic Times
The Economic Times

Cabinet raises EPFO wage ceiling to Rs 25,000 from Rs 15,000

Ashwini Vaishnaw Social Security

The government has raised the monthly wage ceiling for Employees’ Provident Fund Organisation (EPFO) coverage to Rs 25,000 from Rs 15,000, Union minister Ashwini Vaishnaw said at a Cabinet briefing on Wednesday.

The government will spend around Rs 11,339 crore every year as part of the move, which is aimed at widening social security coverage for employees.

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