EPFO Data Shows Net Addition of 12,23,675 Employees In June, Up 42% On Month

The EPFO subscribers data showed a net addition of 12,23,675 employees in June this year, compared with 8,56,870 in May, marking a jump of 42%, according to a report from Ministry of Ministry of Statistics & Programme Implementation. Payroll Reporting in India: An Employment Perspective -June, 2019, report noted that since April 2018, the Ministry has been bringing out the employment related statistics in the formal sector covering the period September 2017 onwards, using information on the number of subscribers who have subscribed under three major schemes, namely, the Employees' Provident Fund (EPF) Scheme, the Employees' State Insurance (ESI) Scheme and the National Pension Scheme (NPS).

Powered by Capital Market - Live News