EPFO implements the PMGKY package for Employee and Employer contribution for three months

Apr 15, 2020 | by Avantis RegTech Legal Research Team

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Labour Compliance

The Employees’ Provident Fund Organisation (EPFO) on April 10, 2020, implement the Pradhan Mantri Garib Kalyan Yojana (PMGKY) for credit of employer’s and employee’s contributions (24% of wages) for three months.

As per the PMGKY package, EPFO will pay 24% of the monthly wages into EPF account for next three months of Wage earners below Rupees 15, 000/- per month, who are employed in establishments having up to one hundred employees, wit 90% or more of such employees earning monthly wages less than Rs, 15,000/-.

On the basis of data furnished by establishments in the Electronic Challan cum Returns (ECR), a list of probable eligible establishments has been drawn. However, eligibility of these or any establishment is liable is liable to be validated once the employer disburses the wages to the employees and uploads ONLY valid ECR for each of the wage months _ March 2020 April 2020 and May 2020 with the required certification and undertaking as per the Scheme guidelines.

[Circular No. C-I/Misc./2019-20/Vol.II/Part]


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