Employees' Provident Funds & Miscellaneous Provisions Act, 1952
Government on Saturday, 5th July 2008 approved the proposal of bringing industries with ten or more employees under the ambit of Employees' Provident Fund (EPF) against the earlier limit of twenty or more workers.
A high-level meeting of board members of the central provident fund, chaired by Union Labour Minister Oscar Fernandes, decided that industries with ten or more employees will have to contribute towards the EPF accounts from now on.
"The ceiling for the industries has been revised and now any industry with ten or more employees will have to deduct EPF money from the employees," Union Labour Minister Oscar Fernandes said.
Currently, only scheduled industries with twenty or more employees are covered under the ambit of EPF. Now, as per the new directions, any industry, establishment, commercial establishment, factory, charitable institute, education institute, shop, IT establishment, or research center employing more than 9 employees will be covered under the EPF Act.
From India, Pune
Acknowledge(0)
Amend(0)
26Government on Saturday, 5th July 2008 approved the proposal of bringing industries with ten or more employees under the ambit of Employees' Provident Fund (EPF) against the earlier limit of twenty or more workers.
A high-level meeting of board members of the central provident fund, chaired by Union Labour Minister Oscar Fernandes, decided that industries with ten or more employees will have to contribute towards the EPF accounts from now on.
"The ceiling for the industries has been revised and now any industry with ten or more employees will have to deduct EPF money from the employees," Union Labour Minister Oscar Fernandes said.
Currently, only scheduled industries with twenty or more employees are covered under the ambit of EPF. Now, as per the new directions, any industry, establishment, commercial establishment, factory, charitable institute, education institute, shop, IT establishment, or research center employing more than 9 employees will be covered under the EPF Act.
From India, Pune
Acknowledge(0)Amend(0)
hi ust want’t know that what kind of effect it will bring upon on any organization(amendments of EPF)
From India, Pune
Acknowledge(0)Amend(0)
From India, Pune
Acknowledge(0)Amend(0)CiteHR is an AI-augmented HR knowledge and collaboration platform, enabling HR professionals to solve real-world challenges, validate decisions, and stay ahead through collective intelligence and machine-enhanced guidance. Join Our Platform.
EPF Act.ppt