Employees’ Provident Fund (EPF) Act
The Employees’ Provident Fund and Miscellaneous Provisions Act, 1952, establishes a mandatory social security scheme to provide retirement benefits to employees through contributions to a provident fund. Applicable to establishments with 20 or more employees, it requires employers and employees to contribute a percentage of wages (typically 12%) to the Employees’ Provident Fund Organisation (EPFO).
EPF Act in India https://sankhlaco.com/the-employee-provident-fund-act-in-india/
Employees’ Compensation Act
The Employees’ Compensation Act, 1923, ensures financial support for workers or their dependents in cases of work-related injuries, disabilities, or deaths. Applicable to industries like factories, mines, and construction, it mandates employers to pay compensation based on wages and injury severity, without requiring employees to prove employer negligence.
Employees Compensation Act https://sankhlaco.com/the-employees-compensation-act/