The Union Cabinet raised the EPFO wage ceiling from ₹15,000 to ₹25,000 per month, bringing over 51 lakh additional employees under mandatory social security coverage. The move aims to formalise employment and strengthen retirement savings, but trade unions call it "too little too late" while MSMEs worry about increased contribution burden.
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- ›Old Wage Ceiling: ₹15,000/month
- ›New Wage Ceiling: ₹25,000/month
- ›Target this Data: ₹25,000 (new wage ceiling) and ₹15,000 (old ceiling)
- ›Target this Nodal Body: Ministry of Labour and Employment (administers EPFO)
- ›Target this Legal Point: Clause (89) of Section 2 of the Code on Social Security, 2020
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