Dear all, Are Minimum no. of slab limit 20 employees applicable for all industries? Kinly clarify me compulsory registration of all industries in EPF. With Regards L.Jha
-Incase both above terms is not comply then voluntarily an organisation can avail this facility ,they can be part of the EPF by requesting to EPF organisation.
-Once an employee registered under the EPF organisation then he/she has to deduct PF from its salary even salary is above the 6500/month
(example; A employee joined the organisation at the salary per month 5000 and he or she is liable to deduct PF amount form his salary and after two years his salary has been revised upto 10,000 per months(however as a principle,Pf is not applicable because he cross the 6500/month but there is law limit to restrict this act) and he or she still a part of PF and PF to be deducted from his salary until he is working in the same organisation.).
As per site "www.epfindia.nic.in" following is written:-
What is a covered establishment?
Covered establishment is an establishment belonging to the class of industries / other establishments, which has been listed in the schedule appended to the Employees' Provident Fund and Miscellaneous Provisions Act 1952 and where 20 or more persons are employed.
Kindly make me clarify since when 10 employees are applicable.
The Central Board of Trustees of the Employees Provident Fund Organisation (EPFO) on Saturday, 5 2008 approved the reduction of threshold limit for establishments covered under the Employees Provident Fund and Miscellaneous Provisions Act (EPF & MP Act), 1952.
With this, establishments employing even 10 people will be covered under the Act and would have to contribute towards Employees Provident Fund accounts as against the existing 20, barring cooperative institutions functioning without power, where the limit has been reduced from 50 to 20 employees.
This decision was approved at the first meeting of the newly constituted EPF Board which lead by Minister of State for Labour and Employment (independent charge) Oscar Fernandes.
This is the first time in 48 years that the threshold limit has been changed.
And it is not gross. it is 6500 /- (Basic+D.A.) above that it is up to Employer.
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