EPFO Limit Hike: Govt Eyes Higher Salary Cap for Crores of Employees

• Organized private sector employees demand an increase in the compulsory EPF salary limit from Rs 15,000, which was set a decade ago.
• The current Rs 15,000 limit excludes many employees from formal retirement savings, despite rising salaries and cost of living.
• Labour Minister Mansukh Mandaviya stated that any amendment to the EPF limit requires consultation with unions and industry bodies.
• An internal estimate suggests increasing the limit to Rs 25,000 could bring over one crore additional workers into the mandatory EPF system.
• The government is considering revising the EPF salary limit, with internal assessments and board-level discussions currently underway.

Why It Matters: Potential EPF limit hike means better retirement security for many employees.