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Policy▼ Bearish for Indian equities
‘Don’t cut salaries’: Govt’s clear directive to companies as EPF wage ceiling rises
The brief
- Government directive says companies should not cut salaries as EPF coverage expands
- EPFO wage threshold increased from Rs 15,000 to Rs 25,000 on September 17
- Higher EPF coverage may raise payroll costs for Indian employers
- Will Your Monthly Take-Home Salary Fall? Your PF Deduction Has Changed From Sept 17 - Here’s The Math
- EPF wage ceiling rises to Rs 25,000, changing PF and pension eligibility