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Thursday, Sep 19, 2024

Government may raise EPFO wage ceiling to ₹21,000, allowing you to retire with ₹1 crore: Report

The current wage ceiling of 15,000 (Which used to be 6,500 in 2014) for employees’ contribution may get raised for investing more into the EPFO corpus
Both the employee and the employer contribute 12% of the employee's salary each if the employee earns  <span class='webrupee'>₹</span>15,000 or less each month currently.
Both the employee and the employer contribute 12% of the employee's salary each if the employee earns <span class='webrupee'>₹</span>15,000 or less each month currently.

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News business Government may raise EPFO wage ceiling to ₹21,000, allowing you to retire with ₹1 crore: Report