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EPFO Raises Wage Ceiling to ₹25,000; Expands PF and Pension Benefits

SCC Online Blog
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Summary

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  • The Labour Ministry has officially raised the wage ceiling to ₹25,000 per month under the Code on Social Security, 2020.
  • This significant change will allow more employees to access Provident Fund (PF) and pension benefits.
  • The revised ceiling aims to enhance social security coverage for a larger workforce in India.
  • This move could potentially impact millions of workers and their financial security moving forward.

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