Checklist of Employee Provident Fund (EPF) Act under Labour Compliance Employee Provident Fund (EPF) is required to provide wider benefits to the workers on completion of their employment. Every establishment with 20 or more employees should register under EPF office. With the amendment in the rule of EPF, the limit of the minimum employee is 10 employee. The establishment has to register if it has 10 or more employee under Employee Provident Fund . Here we will discuss compliances checklist under EPF Act. What is Employee Provident Fund (EPF)? Employee Provident Fund (EPF) is a benefit for the employee during the retirement. It is a social security fund created for the purpose of providing financial security and stability during retirement. Applicability: Every specified factory or establishment in which 20 or more persons are employed. With the amendment in the rule of EPF, the limit of the minimum employee is 10 employee. Any ...
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