India reportedly tells employers not to cut salaries after EPF wage ceiling rises to ₹25,000
The Economic Times reports that workers earning between ₹15,000 and ₹25,000 are now mandatorily covered under the Employees’ Pension Scheme, while employers have been told to maintain statutory wages.
TLDR
India’s Labour and Employment Ministry has instructed employers to maintain employees’ statutory wages following the increase in the EPF wage ceiling to ₹25,000, The Economic Times reports. The report says workers earning between ₹15,000 and ₹25,000 are now mandatorily covered under the Employees’ Pension Scheme. It also says the government offers financial incentives for new employment to help offset increased costs.
India reportedly tells employers not to cut salaries after EPF wage ceiling rises to ₹25,000
The Economic Times reports that workers earning between ₹15,000 and ₹25,000 are now mandatorily covered under the Employees’ Pension Scheme, while employers have been told to maintain statutory wages.
TLDR
India’s Labour and Employment Ministry has instructed employers to maintain employees’ statutory wages following the increase in the EPF wage ceiling to ₹25,000, The Economic Times reports. The report says workers earning between ₹15,000 and ₹25,000 are now mandatorily covered under the Employees’ Pension Scheme. It also says the government offers financial incentives for new employment to help offset increased costs.