Higher PF Ceiling: A Mixed Blessing for Employees The recent decision to increase the provident fund (PF) wage ceiling from Rs 15,000 to Rs 25,000 has sparked a mix of emotions among employees.
Some see it as a welcome change that will bring them under mandatory PF coverage and protection, while others are worried about the potential reduction in their take home pay.
Around 5 million employees who earn between Rs 15,000 and Rs 25,000 per month will be affected by this change. For some, this means a reduction in their monthly take home salary.