Reduced threshold of 10 Employees for PF Coverage (against existing 20)

CBT of EPFO recommends Reduced threshold of 10 Employees for PF Coverage (against existing 20); also recommends reduced Administrative Charges

As per News Reports, the Central Board of Trustees (CBT) of EPFO has recommended in its meeting dt. 21 Feb. 2018 to reduce Administrative Charges from 0.65% to 0.50% of wages and to reduce the threshold limit of minimum number of workers from 20 to 10 for coverage under the EPF Scheme.

As per existing EPF Scheme, the units employing 20 or more workers/ employees are mandatorily required to be covered, however requisite amendments in the law relating to the Scheme are yet to be made to implement the decision of the CBT of EPFO.

One Response

  1. Ajesh Chauhan Feb 23, 2018

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