Purpose & Object
The Employee’s Provident Fund & Miscellaneous Provisions Act, 1952, serves as a safeguard for the interests of employees post-retirement and provides support to their dependents in case of the employee's demise. This essential act offers insurance to workers and their dependents against risks such as old age, retirement, discharge, retrenchment, or unfortunate death.
EPF Eligibility
Employees drawing a salary/wage of up to Rs. 15,000/- per month at the time of joining are governed by the provisions of the Act. Those earning more than Rs. 15,000/- per month may also fall under the Act's purview at the discretion of the management by furnishing a joint undertaking to the Provident Fund Commissioner.
Additionally, employees engaged through a contractor in or in connection with the work of an establishment are also covered under the purview of the Act.