Govt looks to raise wage cap for PF coverage
New Delhi: The labour and employment ministry is revisiting a long-pending proposal to raise the wage ceiling for provident fund coverage, after recent pay increases risk pushing a large pool of workers out of the social security net.The wage ceiling could be raised to as much as ₹25,000 and ₹30,000 per month from ₹15,000 currently, under the Employees' Provident Fund Organisation (EPFO).Also read: Minimum wage hikes may push workers out of EPFO net, say expertsThe rethink follows sharp wage inc...
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