NEW DELHI: Retirement fund frame EPFO's payroll knowledge means that as many as 47.13 lakh jobs were created during September 2017 to June this 12 months.
However, the retirement frame reduced earlier estimate of recent individuals enrolment via 12.38 in line with cent, from 44.74 lakh to 39.20 lakh member for September 2017-May 2018 duration.
According to the payroll knowledge launched via the Employees' Provident Fund Organisation (EPFO) for September-May, as many as 44.74 lakh new member were enrolled for its social safety schemes to supply benefits, including provident fund, insurance coverage and pension.
As in line with the latest knowledge uploaded today via the EPFO, the new individuals enrolment in June is the absolute best so far in the closing 10 month at 7,93,308.
In June, the maximum choice of enrolment of two,53,466 were recorded in the age bracket of 18 to 21 years followed via 2,05,177 in 22 to 25 age staff.
The knowledge is provisional as updation of employees records is a continuous process and will get updated in next months, the EPFO mentioned in a commentary.
It also said that the estimates might come with brief employees, whose contributions might not be continuous for the entire 12 months.
For each age-wise band, the estimates are web of the individuals enrolled and ceased during the month as in line with the EPFO records, it added.
The EPFO manages social safety finances of employees in the organised/ semi organised sector. It runs three social safety schemes - Employees' Provident Fund Scheme 1952, Employees' Deposit Linked Scheme 1976 (EDLI) and Employees' Pension Scheme 1995. It manages the accounts of over six crore individuals and a corpus of over Rs 10 lakh crore.
Earlier this 12 months, the EPFO had began the apply of updating payroll knowledge on its respectable portal. The frame had also reduced its payroll knowledge estimates earlier.
However, the retirement frame reduced earlier estimate of recent individuals enrolment via 12.38 in line with cent, from 44.74 lakh to 39.20 lakh member for September 2017-May 2018 duration.
According to the payroll knowledge launched via the Employees' Provident Fund Organisation (EPFO) for September-May, as many as 44.74 lakh new member were enrolled for its social safety schemes to supply benefits, including provident fund, insurance coverage and pension.
As in line with the latest knowledge uploaded today via the EPFO, the new individuals enrolment in June is the absolute best so far in the closing 10 month at 7,93,308.
In June, the maximum choice of enrolment of two,53,466 were recorded in the age bracket of 18 to 21 years followed via 2,05,177 in 22 to 25 age staff.
The knowledge is provisional as updation of employees records is a continuous process and will get updated in next months, the EPFO mentioned in a commentary.
It also said that the estimates might come with brief employees, whose contributions might not be continuous for the entire 12 months.
For each age-wise band, the estimates are web of the individuals enrolled and ceased during the month as in line with the EPFO records, it added.
The EPFO manages social safety finances of employees in the organised/ semi organised sector. It runs three social safety schemes - Employees' Provident Fund Scheme 1952, Employees' Deposit Linked Scheme 1976 (EDLI) and Employees' Pension Scheme 1995. It manages the accounts of over six crore individuals and a corpus of over Rs 10 lakh crore.
Earlier this 12 months, the EPFO had began the apply of updating payroll knowledge on its respectable portal. The frame had also reduced its payroll knowledge estimates earlier.
EPFO payroll data: 47 lakh jobs created in 10 months till June
![EPFO payroll data: 47 lakh jobs created in 10 months till June]()
Reviewed by Kailash
on
August 21, 2018
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