More`s merrier for PF body

CA. A. Kumar (Associate Consultant) (2362 Points)

09 July 2008  

The Central Board of Trustees of the Employees' Provident Fund Organisation today recommended expansion in the coverage of employees under its scheme, while deferring a decision on raising the interest rate from 8.5 per cent for 2008-09.

In what is seen as a pre-election bounty, the board recommended lowering of the threshold for EPF coverage to include all establishments that have at least 10 employees, and all cooperatives that have at least 20 employees.

At present, the Employees' Provident Funds and Miscellaneous