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Jun 26, 2014
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Companies with 10 employees to come under EPFO; 50 lakh to gain
The government is considering a reduction in the ceiling on the number of employees in an establishment eligible to be covered under the Employees' Provident Fund Organisation (EPFO) from 20 to 10, a move that is expected to bring another 50 lakh employees under the EPF net.
In a letter to the labour ministry last week, the EPFO has also recommended that employee, employer and basic wages be redefined under the Employees' Provident Funds and Miscellaneous Provisions (EPF & MP) Act, 1952.
Source -
http://economictimes.indiatimes.com
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