EPFO Set to Raise Salary Limit for Mandatory PF to ₹25,000
Listen to the story
EPFO is a big office in India. It helps workers save money for the future.
EPFO wants to change a rule. Now, the rule is about salary limits.
Before, PF was needed only for lower salaries. Now the limit will be ₹25,000.
PF means Provident Fund. It is money saved for later in life.
This money helps workers when they stop working. This is called retirement.
Workers also get a pension. This is money paid every month after retirement.
The pension amount depends on salary and years of work.
People with 10, 25, or 30 years of work get different pension amounts.
This news is important for private workers in India.
Many workers want to know how much pension they will get.
Vocabulary15 words
- EPFO
- a government office in India that helps workers save money
- salary
- money a worker gets for their job
- PF
- money saved from salary for the future
- retirement
- when a person stops working, usually because they are old
- pension
- money paid every month after a person stops working
- mandatory
- something you must do; it is not a choice
- contribution
- money that is added or given
- employee
- a person who works for a company
- private sector
- companies that are not run by the government
- calculation
- working out a number using math
- limit
- the highest or lowest amount allowed
- rule
- something people must follow
- increase
- to become bigger or more
- monthly
- happening every month
- worker
- a person who does a job
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Quiz
Answer key
1. The salary limit for PF 2. Money paid every month after retirement 3. True
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Fill-in-the-blank listening
Play the audio again and fill in the missing words as you listen.
EPFO is a big office in _____. It helps workers save money for the future.
EPFO wants to change a _____. Now, the rule is about salary limits.
Before, PF was needed only for lower salaries. Now the limit will be ₹_____.
PF means Provident Fund. It is money saved for later in _____.
This money helps workers when they stop working. This is called _____.
Workers also get a pension. This is money paid every _____ after retirement.
The pension amount depends on salary and years of _____.
People with 10, 25, or 30 years of work get different pension _____.
This news is important for _____ workers in India.
Many workers want to know how much _____ they will get.
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