EPFO wage ceiling hike may cover up to 1 crore more workers: Union Minister Mansukh Mandaviya
Economic Times 3 hrs ago·16 Sept 2026, 1:57 pm
The Employees' Provident Fund Organisation (EPFO) has raised its wage ceiling from Rs 15,000 to Rs 25,000 per month. This change, effective from September 17, allows higher-paid employees to contribute more to their retirement fund. Consequently, this move is expected to bring between 50 lakh and one crore new workers under the mandatory social security net.
For investors, this is a significant development as it expands the tax-advantaged retirement savings base in the country. A larger corpus of savings can boost long-term domestic consumption and economic growth. However, the immediate impact on the broader market will depend on how this policy is implemented and the resulting boost to consumer sentiment.
Excerpt from Economic Times
The EPFO wage ceiling has been increased to Rs 25,000 per month. This change is expected to bring between fifty lakh and one crore new beneficiaries. Mandatory social security coverage will now extend to more employees. Employers and employees will see adjusted contribution amounts for this salary bracket. The revised…Read the original at Economic Times
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- Category: Economy.
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