EPFO Salary Hike: December is about to end, and people have started preparing to welcome the new year 2025. This time the new year may be good news for government employees. According to sources, the government may increase the basic salary limit in the Employees Provident Fund Organization (EPFO) for employees working in the private sector.
Will there be a significant change in the pension limit?
At present, the pension amount is ₹15,000, which is planned to be increased to ₹21,000. There has been no change in this limit since 2014, but a proposal is ready to update it. If this is implemented, the monthly pension of the employees will increase substantially, which will strengthen their financial position.
What will be the impact?
If this change is implemented, there may be some reduction in the monthly salary of the employees as they will make more EPFO contributions. This will give long-term benefits to the employees as their pension can increase up to ₹2,550 per month.
Long-standing demand: Employees working in the private sector have been demanding to increase the pension and salary limit for a long time. Lakhs of employees will get relief if the government implements this change in Budget 2025.
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