business 📈 EPFO wage cap hiked to ₹25,000 per month
The Union Cabinet approved increasing the wage ceiling for EPFO mandatory coverage to ₹25,000 from ₹15,000. This decision was announced by Ashwini Vaishnaw on Wednesday, September 16, 2026, during a press briefing. It is expected to bring over 51 lakh additional employees under EPFO's ambit. This expansion will also boost access to PF savings and pension protection under EPS. Around one crore workers are anticipated to benefit from this significant coverage increase.