If the proposal is implemented, employees who currently contribute above ₹1,800 could choose to reduce their EPF contribution to the statutory minimum.
*₹30,000 basic salary: Take-home pay could increase by ₹1,800 a month
*₹60,000 basic salary: Take-home pay could increase by ₹5,400 a month
The increase would broadly equal the reduction in the employee’s EPF contribution.