The Employees’ Provident Fund & Miscellaneous Provisions Act, 1952

This is an Act to provide for the institution of provident funds, pension fund, and deposit-linked insurance fund for employees. Employees' Provident Fund Organisation (EPFO) is one of the largest social security organisations in India in terms of the number of covered beneficiaries and the volume of financial transactions undertaken.

Compliances

Applicability

The Employees’ Provident Funds and Miscellaneous Provisions Act provides for compulsory contributory fund for the future of an employee after his/her retirement or for his/her dependents in case of the employee's early death. It extends to the whole of India except the State of Jammu and Kashmir and is applicable to:

  • Every factory engaged in any industry specified in Schedule 1 in which 20 or more persons are employed.
  • Every other establishment employing 20 or more persons or class of such establishments that the Central Govt. may notify.
  • Any other establishment so notified by the Central Government even if employing less than 20 persons.

Every employee, including the one employed through a contractor (but excluding an apprentice engaged under the Apprentices Act or under the standing orders of the establishment and casual laborers), who is in receipt of wages up to Rs.15,000 p.m. shall be eligible for becoming a member of the fund. The condition of three months continuous service or 60 days of actual work for membership of the scheme has been removed.

References

Notifications

Aatmanirbhar Wage Subsidy Scheme via EPFO extended till 31 March 2022

28 Jun, 2021
The Aatmanirbhar Bharat Rozgar Yojana (ABRY) scheme launched on 01 October 2020 has been extended till 31 March 2022. The Government has launched the ABRY scheme last year to incentivise employers for creating new employment and restoration of employment loss through EPFO.
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EPF, Pension, EDLI security benefits to children of COVID victims

24 Jun, 2021
EPFO has requested all employers to submit/forward the list of employees of their organisation who have lost their lives due to the COVID -19 pandemic disease in prescribed format to provide the applicable social security benefits to the surviving dependants.

Karnataka High Court orders emergent notice to UOI and EPFO on mandatory Aadhar seeding

17 Jun, 2021
The Hon’ble High Court of Karnataka being convinced on the practical difficulties faced by the employers and employees for seeding the Aadhar details with EPFO. After hearing the petitioner’s submissions, it has issued an emergent notice to the respondents – Union of India & EPFO.

Aadhar seeding deferred by 3 months and will be effective from 01 September 2021

15 Jun, 2021
The mandatory requirement of Aadhar seeding for filing ECR has been deferred by 3 months, with the effective date being 01 September 2021.

EPFO Message on mandatory Aadhar seeding of contributory members

01 Jun, 2021
Employers shall seed the Aadhar numbers of PF contributing members and verify it with UANs to file the ECR with effect from 01 June 2021.

EPFO allows its members to avail second COVID 19 advance

31 May, 2021
Under the EPF Scheme, the member employees can avail second non-refundable advance from their PF account.

Centre amends the Employees’ Deposit-Linked Insurance (Amendment) Scheme, 2021

29 Apr, 2021
The Central Government has revised the Employees’ Deposit-Linked Insurance (EDLI) Scheme to increase the monetary benefits to the claimants. On death of an employee, claimants are eligible up to 7 lakhs of assurance benefit.

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