Proposal to Increase the EPFO Wage Ceiling to Rs 21,000

'Any company with over 20 employees must register with the EPFO and the EPF scheme is compulsory for all employees earning less than Rs 15,000.

The increase in the limit to Rs 21,000 will bring more workers under the retirement scheme and align the ceiling with the other social security scheme Employees’ State Insurance Corporation (ESIC) where the limit is Rs 21,000, the report added. ’