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 Employee's Provident Fund (EPF) against the earlier limit of twenty or more workers.
A high-level meeting of board members of central provident fund chaired by Union Labour Minister Oscar Fernandes decided that the 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 of the employees," Union Labour Minister Oscar Fernandes said.
Currently, ONLY Schedule industries with twenty or more employees are covered under the ambit of EPF. Now as per new directions any Industry or Establishment or Commercial Establishment or Factory or Charitable Institute or Education Institute or Shop or IT Establishment or Research Centers employing more than 9 employees will be covered under the EPF Act.
From India, Pune
26Government on Saturday, 5th July 2008 approved the proposal of bringing industries with ten or more employees under the ambit of Employee's Provident Fund (EPF) against the earlier limit of twenty or more workers.
A high-level meeting of board members of central provident fund chaired by Union Labour Minister Oscar Fernandes decided that the 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 of the employees," Union Labour Minister Oscar Fernandes said.
Currently, ONLY Schedule industries with twenty or more employees are covered under the ambit of EPF. Now as per new directions any Industry or Establishment or Commercial Establishment or Factory or Charitable Institute or Education Institute or Shop or IT Establishment or Research Centers employing more than 9 employees will be covered under the EPF Act.
From India, Pune
hi ust want’t know that what kind of effect it will bring upon on any organization(amendments of EPF)
From India, Pune
From India, Pune
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EPF & Misc. Provision Act.1952 & the scheme.ppt