EPF wage ceiling: What employers need to know

The Government’s proposed increase in the EPF wage ceiling marks a significant development for employers and employees covered under the Code on Social Security, 2020. This is the first such increase in 12 years, with the earlier increase in 2014. 

Key discussion points

• Proposed increase in the EPF wage ceiling from ₹15,000 to ₹25,000 per month

• Impact on existing employees and new joiners

• Scope for higher pension upon retirement

• Necessary changes to payroll structures and CTC

• Wage structuring in light of Section 124 (anti-abuse provision)

• Required changes to HR and payroll processes

• Practical compliance considerations for employers

• Key issues requiring further clarification

Speakers
Asish Philips, Executive Partner
Kumar Panda, Associate Partner
Astha Sinha, Associate Partner