EPFO raises wage ceiling: What changes & will your take-home take a hit?

For many employees, provident fund (PF) is a deduction they notice on their salary slip every month but rarely think about until they change jobs, need funds for an emergency or start planning for retirement. The Government's decision to increase the PF wage ceiling from Rs 15,000 to Rs 25,000 has put the spotlight back on one of India's most important social security benefits.For affected employees, the implications go beyond a higher PF deduction. The change could influence take-home pay, retirement savings, pension benefits and insurance protection.