EPF eligibility salary ceiling raised to Rs 25,000

The Employees' Provident Fund Organisation (EPFO) announced that the salary threshold for compulsory EPF contributions has been lifted to Rs 25,000 per month. This adjustment means that employees earning up to the new ceiling will now fall under the mandatory EPF scheme, expanding the pool of workers covered by the social security fund. The change is expected to enhance retirement savings for a larger segment of the workforce and align the scheme with current wage trends. EPFO officials indicated that the revision will be effective from the upcoming financial quarter, and employers will need to update their payroll systems accordingly. No further details on implementation timelines were released at the time of the announcement.