The Expenditure Department has granted approval to increase the EPF wage ceiling to Rs 25,000, aiming to expand mandatory provident fund and pension plans to more employees.

The Finance Ministry has approved increasing the Employee Provident Fund wage ceiling to Rs 25,000 per month, expanding mandatory retirement fund coverage to more salaried workers.

The Expenditure Department has granted approval to increase the EPF wage ceiling to Rs 25,000, aiming to expand mandatory provident fund and pension plans to more employees.