EPS-95 Update: EPFO May Raise Salary Cap From ₹15,000 to ₹25,000 — A Game Changer for Over 6.5 Crore Employees
The EPFO is planning a major reform to the Employee Pension Scheme (EPS-95) by raising the salary cap from ₹15,000 to ₹25,000. This move could benefit over 6.5 crore employees and increase monthly pension contributions by 66%, strengthening India’s social security and retirement system.