Official Source
EPFO India
The Employees' Provident Fund Organisation (EPFO) has announced an increase in the wage ceiling for PF contribution from ₹15,000 per month to ₹21,000 per month.
What Changes
Currently, only employees earning up to ₹15,000/month basic salary are mandatorily covered under EPF. After this change:
- ▸Mandatory coverage extends to employees earning up to ₹21,000/month
- ▸More employees will be entitled to PF benefits
Impact on Employers
Employers with employees in the ₹15,000–₹21,000 salary range must:
- ▸Register these employees under EPFO
- ▸Deduct 12% of basic salary as employee PF contribution
- ▸Contribute 12% as employer contribution (3.67% EPF + 8.33% EPS)
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