Hyderabad, Jan. 29 -- The government is likely to increase the ceiling of the Employees' Provident Fund (EPF) framework from Rs 15,000 to Rs 25,000 per month.

Following the implementation, it will bring a larger number of workers under the formal social security system.

Proposal likely to be placed before EPFO board

After receiving initial approval, it may be presented before the Central Board of Trustees of the Employees' Provident Fund Organisation (EPFO) in the upcoming meeting which is scheduled for next month.

Once cleared, the revised wage ceiling could come into effect from April 1.

Why wage limit is being revised

Currently, EPF contributions are mandatory only for employees earning up to Rs 15,000 per month. It was not updat...