What Would Be The Impact If Pf Ceiling Limit Raises To 25000.

The Employees' Provident Fund Organisation (EPFO) is likely to approve a proposal to hike wage ceiling for coverage under its social security schemes to Rs 25,000 per month from the existing Rs 15,000 on December 19.
The move can bring in 50 lakh more formal sector workers into the social security net of the retirement fund body in addition to its existing subscriber base of around four crore organised sector workers.

So far so good. But interest rate is lowered this time .As such almost all employees either covered under trust or in EPFO are covered. Impact will be there if cover-able wage limit is not frozen. Lets see the ordinance .
Regds,
RDS Yadav