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Friday, April 29, 2016

Government plans to reduce EPF & MP act threshold 20 to 10 employees


25th Apr 2016

Government reducing EPF & MP act threshold 20 to 10 employees

Government plans to amend the existing law to bring firms with minimum ten employees under the Provident Fund coverage, the Lok Sabha was informed today.(25th Apr 2016)
Currently, companies with less than 20 employees are excluded from PF coverage. 

“A proposal for comprehensive amendment to the Employees’ Provident Funds and Miscellaneous Provisions (EPF & MP) Act, 1952 is under consideration of the Government which, inter alia, includes 20 to 10
 The same was mentioned by Mr. Bandaru Dattatreya (ministry of labour and employment) in written reply to a question in Loksabha today.