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The Employees’ Provident Fund Organisation (EPFO) is likely to increase its wage ceiling to Rs 25,000 per month in the coming months for the mandatory inclusion of employees in the Employees' Provident Fund and the Employees' Pension Scheme, news website Moneycontrol has reported. 2 / 7

Currently, EPF and EPS mandate coverage for employees earning up to Rs 15,000 per month in basic pay. Both the employer and employee contribute 12 percent of the employee’s salary to EPF and EPS every month. Employees who are earning more than Rs 15,000 per month may choose to opt out of these two EPFO schemes. It is not legally required of the employers to register such employees under EPF and EPS. 3 / 7

The Central Board of Trustees of the EPFO is likely to consider the matter in its ne

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