Running a small business comes with its fair share of challenges, and navigating employee benefits can be one of them. The Employees’ Provident Fund (EPF) scheme offers valuable retirement security and financial protection for employees, but its applicability to establishments with fewer than 20 workers often raises questions. This article clears the air, providing comprehensive…
Navigating the intricacies of the Employees’ Provident Funds (EPF) Act can be daunting, especially when determining which establishments fall under its purview. This comprehensive guide demystifies EPF coverage, empowering both employers and employees with clear and concise information. Industries Covered by the EPF Act: The list encompasses a vast array of sectors, categorized for clarity:…
This article delves into Schedule 1 of the Employees’ Provident Funds and Miscellaneous Provisions Act, 1952 (EPF Act), highlighting the specific industries mandated to provide Employees’ Provident Fund (EPF) coverage to their employees. Understanding which industries fall under Schedule 1 is crucial for employers and employees alike, ensuring compliance with the EPF Act and access…
The historic revocation of Article 370 in 2019 brought significant changes to the Indian union territory of Jammu and Kashmir. One of these changes is the extension of the Employees’ Provident Funds and Miscellaneous Provisions Act, 1952 (EPF Act) to the region. Now both employers and employees in Jammu and Kashmir are now eligible to…