EPFO revises down payroll numbers by 12% for September-May period

The payroll data has been revised downwards for each of the nine months between September 2017 and May this year

The net enrolment numbers released by the Employees’ Provident Fund Organisation (EPFO) has been revised down by 12.4 per cent for the September-May period, from an earlier estimate of 4.5 million to 3.9 million.

The payroll count in June rose by 24 per cent to 793,308. The net enrolment numbers for June were the highest since September 2017. In May, the payroll numbers had grown by 10 per cent to 638,653.

The payroll count is essentially the difference between the number of workers who joined and exited from the EPFO’s fold. All employees who work in establishment hiring at least