EPFO dismisses media reports about a decline in the number of subscribers in October

EPFO in this regards said, "The data published is not based on EPFO’s data and is incorrect."

Nov 20, 2020 05:11 IST India Infoline News Service

The Employees’ Provident Fund Organisation (EPFO) clarified on an article captioned "EPFO subscribers, firms down in Oct”, by saying, "the information contained in the article is incorrect and unsubstantiated."

As per the article, a decline of 30,800 contributing establishments with EPFO in October from September 2020 and a simultaneous decline of 1.8 million contributing members in October as compared with the previous month.

EPFO in this regards said, "The data published is not based on EPFO’s data and is incorrect."

The statutory organisation highlighted that EPFO’s official data regarding contributory members and establishment is published on 20th of every month in the form of Payroll data. The Payroll data for any wage month is taken after one month from the due date for filing ECR.

Consequently, EPFO said, the data for September 2020 (due date 15.10.2020) shall be taken only on 15.11.2020 and that for October 2020 (due date 15.11.2020) on 15.12.2020. The last Payroll data published on 20.10.2020 has shown that except for the month of April and May 2020, there has been a continuous growth trend in net payroll additions till August 2020. EPFO’s payroll data for the month of September will be published on 20.11.2020.

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