Tuesday, March 18, 2025 | 07:05 AM ISTहिंदी में पढें
Business Standard
Notification Icon
userprofile IconSearch

Huge spike in EPF payrolls throws up debate on formalisation of the economy

While 2020-21 may not be the right year to compare with due to Covid, net payroll data in each of April, May and June exceeded average monthly figure since the data began to be compiled for Sept 2017

Image
Premium

Indivjal Dhasmana New Delhi
There was a net addition of 960,000 subscribers to the Employees' Provident Fund (EPF) in April, 770,000 in May and 1.28 million in June in the current financial year. The addition, called the net payroll, was higher in each of these months than the average monthly figure of the previous year. However, many may point out that 2020-21 is not the right year to compare with, as it was a washout due to Covid. One may also note that the net payroll data in each of these months was higher than the average monthly figure since the data began to

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in