New Delhi, Sept. 20 -- The government has raised the wage ceiling for mandatory EPFO membership from Rs.15,000 to Rs.25,000 a month.

The Ministry of Labour and Employment notified the revised ceiling under the Code on Social Security, 2020, with effect from 17 September 2026. According to the ministry, more than 51 lakh employees could come under EPFO coverage for the first time.

An EY report examining the implications of the revised wage ceiling highlighted that the change will affect several aspects of employees' retirement savings and insurance coverage. Here's what employees should know.

Employees earning monthly wages of more than Rs.15,000 but up to Rs.25,000 will now come within mandatory provident fund coverage.

The EY report ...