‘Don’t cut salaries’: Govt’s clear directive to companies as EPF wage ceiling rises
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This story is aggregated from The Times of India (timesofindia.indiatimes.com). Full reporting rights and copyright belong to the primary publisher.
On September 17, the government increased the EPFO wage threshold from Rs 15,000 to Rs 25,000. The revision is expected to extend mandatory coverage to more than 10 million additional workers and give another push to workforce formalisation. In the frequently asked questions rele...
On September 17, the government increased the EPFO wage threshold from Rs 15,000 to Rs 25,000. The revision is expected to extend mandatory coverage to more than 10 million additional workers and give another push to workforce formalisation. In the frequently asked questions released on the matter, the ministry acknowledged that the revised wage ceiling would inevitably raise employers' costs.
Original Source
https://timesofindia.indiatimes.com/business/india-business/dont-cut-salaries-after-epf-wage-ceiling-rises-to-rs-25000-from-rs-15000-ministry-directs-employers-to-bear-statutory-contribution-not-pass-it-on-to-employees-through-ctc-adjustments/articleshow/134633761.cms
