You can modify PHP's upload_max_filesize as per your needs using CloudLinux's PHP Selector in cPanel.
1. Log in to your cPanel account.
2. In the Software section, click on Select PHP Version.
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3.Under the Account Global Settings, go to the Optionstab.

Note: If it shows an error related to the Native PHP version, change to a non-Native PHP version first.
4. Look for upload_max_filesize and click on the drop-down option displayed in front of it. Then choose the appropriate limit as per your requirements.

A message will appear stating that the maximum upload file size has been changed.