The Employees Provident Fund Scheme under the Employees Provident Fund Act, the scheme lays down the amount and manner of employer and employee contributions to a Provident Fund.
Applicability
The Employees Provident Fund Scheme applies to all factories and establishments to which the Employees Provident Fund Act applies.
Applicability of Parent Act
The Employees Provident Funds and Miscellaneous Provisions Act extends to whole of India except State of Jammu and Kashmir.
The Act Applies to industries specified in Schedule I employing 20 or more persons and any other class of establishments employing 20 or more persons notified by the Government.
The Government may apply the Act to establishments employing less than 20 people.
Employees covered under the act include contract labour but exclude apprentices, trainees, directors, working partners, domestic servants and contractors.
Establishments can seek exemption from any or all the provisions of the act.
