Dear All, We would like to bring to your attention the decision taken by CBT in their meeting held on Tuesday 21st 2019 to reduce the workers threshold for coverage under the EPFO schemes to 10 from existing 20.
EPFO Thresh-hold to be reduced to 10 from 20
EPFO estimates that reduction in employees threshold could help increase the EPFO subscribers’ base from existing 6 crore to even 9 crore.
Minister has further  assured that the required amendment in the Employees’ Provident Fund & Miscellaneous Provisions Act would be done to implement the decision to reduce employees threshold. Earlier, the CBT has also taken this decision, but it could not be implement because of long pending amendment in the Act.
We look forward to notify you as an when the amendment to the same effect is being issued.
