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By:

Sumit Ranjan Das

21 August 2024 at 4:08:59 pm

EPFO’s Big Wage-Band Reset

Twelve years is a long time for a wage ceiling to remain unchanged. The last revision came in September 2014, when the limit was raised from Rs.6,500 to Rs.15,000. Last week, the Union Cabinet approved another increase, taking the ceiling to Rs.25,000 a month with effect from 17 September 2026. The government’s estimate is that more than 51 lakh additional employees will come within mandatory EPFO coverage as a result of the change. For employers and payroll professionals, however, the...

EPFO’s Big Wage-Band Reset

Twelve years is a long time for a wage ceiling to remain unchanged. The last revision came in September 2014, when the limit was raised from Rs.6,500 to Rs.15,000. Last week, the Union Cabinet approved another increase, taking the ceiling to Rs.25,000 a month with effect from 17 September 2026. The government’s estimate is that more than 51 lakh additional employees will come within mandatory EPFO coverage as a result of the change. For employers and payroll professionals, however, the headline number is only the starting point. The more important questions are who will be covered, which wages will be taken into account and how the revised provisions will be implemented. Wage Ceiling The existing wage ceiling of Rs.15,000 a month is being raised by Rs.10,000, or 66.7 percent, to Rs.25,000. The change takes effect from 17 September 2026 and marks the first revision since September 2014. The government expects more than 51 lakh additional employees to be covered. Estimated expenditure is about Rs.56,696 crore over five years, while annual government outgo is expected to rise to approximately Rs.11,339 crore. The standard contribution remains 12 percent each from the employee and employer, subject to applicable provisions. The Cabinet said the decision will expand access to provident-fund savings, pension protection under the Employees’ Pension Scheme (EPS) and insurance protection under the Employees’ Deposit Linked Insurance Scheme (EDLI), in accordance with the applicable scheme provisions. The wage ceiling is not merely an administrative threshold. It determines the point at which mandatory EPF coverage applies under the existing framework. At present, a fresh employee joining employment at wages above Rs.15,000 a month is not automatically brought within mandatory EPF coverage and may remain outside mandatory provident-fund, pension and associated insurance protection, subject to applicable statutory provisions. The revised ceiling will bring a substantial section of employees earning between Rs.15,000 and Rs.25,000 within the mandatory coverage framework. The government has also quantified the fiscal impact. The estimated expenditure is about Rs.56,696 crore over five years, while annual government outgo is expected to rise to approximately Rs.11,339 crore, compared with existing annual budgetary support of about Rs.10,250 crore. The Labour Ministry has linked the revision to sustained wage growth, rising incomes and the continued expansion of formal employment since the previous revision in 2014. Payroll Illustration Consider an employee earning Rs.22,000 a month who becomes subject to mandatory coverage under the revised ceiling. At the standard 12 percent contribution rate, if the full eligible wage is used as the contribution base, the employee’s contribution would rise from Rs.1,800 to Rs.2,640 a month, while the employer’s contribution would similarly rise from Rs.1,800 to Rs.2,640. Total monthly contributions would therefore increase from Rs.3,600 to Rs.5,280 — a combined increase of Rs.1,680. However, this should not be treated simply as Rs.1,680 of additional employee savings. Contributions are allocated between EPF and EPS components as prescribed, with the EPF component accumulating in the employee’s account and the EPS component providing pension benefits subject to scheme conditions. The Rs.22,000 example is illustrative, not a universal payroll formula. The final treatment of wage components, existing employees in this band, EPS allocation and transitional matters will depend on the statutory notification and EPFO implementation instructions. For payroll professionals, the immediate task is to assess the operational impact. Key questions include the effective date for existing employees and new joiners, which wage components will count towards PF, whether the 10 percent concessional rate for notified establishments will continue, how the revised ceiling will interact with EPS pensionable wages, and what changes will be required in payroll systems. The Cabinet approval establishes the policy decision; the formal Gazette notification and EPFO instructions will determine how it is translated into payroll processes. The revised ceiling is the first increase since September 2014 and is expected to bring more than 51 lakh additional employees, particularly those in the Rs.15,000-Rs.25,000 wage band, under mandatory EPFO coverage. For them, the change can expand access to provident-fund savings, EPS pension and EDLI insurance, subject to scheme provisions. For employers, it means reviewing payroll costs, employee data, eligible wage components, contribution calculations and compliance systems. The government has described the move as part of efforts to extend statutory social security and strengthen formal employment. The policy has been announced. For payroll professionals, the next chapter is implementation. (The writer is a Cost and Management Accountant and founder of TaxoDas. Views personal

Dhruv Jurel: The Steady Hand to Fix India’s Wicketkeeping Woes in Tests

Oct 5, 2025
3 min read

In the relentless grind of Test cricket, where endurance trumps explosiveness, India’s wicketkeeping conundrum has long centered on Rishabh Pant. The Delhi dynamite burst onto the scene in 2018 like a thunderclap, his audacious strokeplay injecting white-ball flair into the longest format. But nearly a decade later, as of October 2025, Pant’s tenure feels like a high-wire act teetering on the edge of brilliance and breakdown. Injuries, inconsistencies, and the occasional glovework gaffe have left selectors—and fans—yearning for stability. Enter Dhruv Jurel, the unassuming Uttar Pradesh keeper whose quiet competence is emerging as the antidote to the “Pant problem.”


At 24, Jurel isn’t here to dazzle; he’s here to deliver. A deeper dive into their batting and keeping stats reveals why he could be the long-term fix India needs.


Let’s start with the bat, where Pant’s pyrotechnics have both thrilled and frustrated. Across 50 Tests (as per updated ESPNcricinfo figures through the 2025 England series), Pant has amassed 3,512 runs in 89 innings at an average of 42.3 and a blistering strike rate of 75.2. His highest score remains 146, not out against Australia in 2021, with seven centuries and 13 fifties to his name. Peaks like his twin hundreds (134 and 118) in the 2025 Lord’s Test—making him the first Indian to achieve that in England—underscore his genius.


Pant thrives in chaos, turning deficits into dominance with ramps, scoops, and helicopter shots that defy convention. Yet, the troughs are telling: post his horrific 2022 car crash, his average dipped below 35 in 2024-25, plagued by 12 single-digit scores in his last 20 innings. His aggression, while revolutionary, often borders on recklessness—28 per cent of dismissals via rash shots against spin.


Contrast this with Jurel’s poise. In just six Tests since his 2024 debut, the right-hander has notched 422 runs in nine innings at a mature average of 53.0 and a measured strike rate of 62.4. His highest now stands at 125—a maiden Test century against West Indies in Ahmedabad just days ago, where he anchored a 206-run stand with Ravindra Jadeja to swell India’s lead to 286. Before that knock, Jurel’s 90 in Ranchi (2024) had already hinted at his mettle, rescuing India from 33/3 with Sarfaraz Khan. No centuries prior, but two fifties in limited opportunities speak to efficiency over extravagance. Jurel’s game is built on fundamentals: a compact defense, crisp drives, and an uncanny ability to rotate strike under duress. In the ongoing West Indies series, his square-of-the-wicket artistry—three boundaries in an over off seamers—showed flair without folly. Statistically, he’s unbeaten in four of his last six innings, with only 11 per cent dismissals to loose shots. Where Pant accelerates to 80+ scores then implodes, Jurel grinds to 40s and 50s, converting 60 per cent of them into bigger tallies. In an era of Bazball influences, Jurel’s old-school solidity—reminiscent of a young MS Dhoni—offers India the middle-order ballast Pant’s volatility disrupts.


Now, to the gloves, where the “Pant problem” truly festers. Pant’s keeping ledger in 50 Tests reads 132 dismissals: 115 catches and 17 stumpings, at a match average of 2.64 per game. His athleticism shines in seaming conditions—think those leaping one-handers in Sydney 2021—but lapses abound. In 2025 alone, he’s erred five times (dropped catches and byes), per Hawk-Eye reviews, costing wickets in the Border-Gavaskar Trophy. His 13 per cent missed stumping rate against spin, exacerbated by over-aggression, has irked captains like Rohit Sharma.


Pant’s keeping, like his batting, is high-risk: brilliant when on, but prone to rust when fatigued or nursing niggles. Jurel, conversely, is a study in reliability. In his six Tests, he’s claimed 18 dismissals—16 catches, two stumpings—for a stellar 3.0 per match. No errors recorded in 2025 outings, with a 100 per cent sharp-keeping rate in the West Indies Test. His footwork is textbook: low, balanced, and anticipatory, allowing him to pouch edges off pacers like Jason Holder with ease. Against spin, Jurel’s stumpings are surgical—two in Ranchi alone, outfoxing England’s Ollie Pope. At 5’11”, he’s not the tallest, but his soft hands and quick reflexes minimise byes (under 5 per cent of overs kept). Mentored by Dhoni in IPL, Jurel’s visualisation techniques—admitted post his century—keep him “always ready,” translating to fewer fluffs under lights or on wearers. In a team rotating keepers amid Pant’s absences (he’s missed eight Tests since 2023), Jurel’s error-free ledger builds trust, freeing bowlers like Jasprit Bumrah to attack without second-guessing.


So, why Jurel as the solution? India’s Test campaign hinges on lower-order resilience, not fireworks. Pant, now 28, embodies the chaos of youth; his IPL 2025 struggles (average 12.8, strike rate 99) bleed into red-ball doubts. Jurel, with his 53 average and glove-gold standard, addresses both facets holistically. He’s not Pant’s heir in bravado, but in balance. Give him 20 Tests, and watch India reclaim the keeper’s throne—not with sizzle, but with substance.


(The writer is a senior journalist based in Mumbai. Views personal.)

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