Companies with 10 employees to come under EPFO

Companies with 10 employees to come under EPFO

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 Organization (EPFO) from 20 to 10, a move that is expected to bring another 50 lakh employees under the EPF net. The government is feeling that social security numbers should be available to all the employees of organized sector. This proposal is going to reduce employees from 20 to 10 and this will create opportunity for 50000 more employees under this scheme.

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