Widening the Ambit ; the Coverage of the Employees Provident Fund Organisation (Epfo) Is Being Widened. The Newly Constituted Central Board of Trustees of the Epfo has Recommended an Increase in the Coverage of the Fund to Establishments That Have More Than 10 Employees.

Summary

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The coverage of the employees Provident Fund Organisation (EPFO) is being widened. The newly constituted Central Board of Trustees of the EPFO has recommended an increase in the coverage of the fund to establishments that have more than 10 employees.

Broadening the netEPFO coverage to be widenedEstablishments with more than 10 employees to be brought under the netThreshold coverage limit to be altered for the first time in 48 yearsCurrently, it is mandatory for establishments with more than 20 employees to subscribe to EPF. If the new coverage norms are notified by the government, nearly 4-4.5 million people will be covered. This is the first time in 48 years that trustees felt the need to change the threshold limit for coverage.

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Extract

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Widening the Ambit ; the Coverage of the Employees Provident Fund Organisation (Epfo) Is Being Widened. The Newly Constituted Central Board of Trustees of the Epfo has Recommended an Increase in the Coverage of the Fund to Establishments That Have More Than 10 Employees.

Clearly, the...

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