What is it and why do we need?

It is made in the interest of both the employer and employee, to make sure the payments due to the employees are being paid timely with adherence to minimum payment of wages to maternity leave and benefits. As per the provisions of the Employees provident fund organization there has been a mandatory compliance with its regulations in case the number of employees are more than 20 and failure in doing so can attract heavy penalties. In short it secures and prevents the interest of both Employers and the Employees by protecting against penalties. Unreasonable demands of union etc,.

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