Good News to All Employees – EPFO Want to Change Its Restrictions!!

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Good News to All Employees – EPFO Want to Change Its Restrictions!!
Good News to All Employees – EPFO Want to Change Its Restrictions!!

Good News to All Employees – EPFO Want to Change Its Restrictions. Employees’ Provident Fund Organisation-EPFO is ready to give the good news to all sectors of employees across the nation. Currently, some salary and employees count restrictions are preset at getting benefits from the EPFO for workers. EPFO tends to remove that kind of discomfort from the employees.

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EPFO give their voice out to avoid the restriction to registering and getting benefits of EPFO. Many small firms’ employees and self-employed people are affected by some restrictions of the EPFO schemes. Now EPFO wants to cut such kinds of rules. In the present situation, a 15,000 salary is the limit to getting EPFO benefits. As well as a company having more than   20 workers can elect to join this policy.

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There are 55 Million active subscribers in the EPFO scheme. A senior government official reported to the trustable news agency, “The key changes will include removal of headcount and wage threshold of coverage”. The official also wishes to change the old Acts in the EPFO scheme and amend new rules which cover even self-employed and also the enterprise with a low headcount of workers.

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