EPFO Limit Increased, Good News for Employees.

There is good news for the employed people of Employees' Provident Fund Organization all over the country.

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EPFO is considering increasing the salary limit from Rs 15,000 to Rs 21,000 per month

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More than 75 lakh employees can get its direct benefit.

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The government spends around Rs 6,750 crore every year on the Employees' Pension Scheme (EPFO). After increasing the salary limit, the government will have to make a separate provision for this.

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The government contributes 1.6% of your basic salary to your PF account.

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Since the establishment of the Employees' Provident Fund Organization, amendments have been made 8 times so far.

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EPFO Limit Increased In 1952 the wage limit was Rs 300 In 1957 this limit was raised to Rs.500. Rs 1962 this limit has been increased to Rs 1000 In 1976 it was increased to Rs 2500. In 1985 it was increased to Rs 3500. In 1990 this limit was raised to Rs 5000. In 1994 it was reduced to Rs.6500. Since 2014, this limit has remained at Rs 15,000. CHECK MODE : ONLINE

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