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December 23, 2022

Payroll Reporting in India: An Employment Perspective – October, 2022

by CA Shivam Jaiswal in Income Tax

Payroll Reporting in India: An Employment Perspective – October, 2022

  1. Since April, 2018 this Ministry has been bringing out the employment related statistics in the formal
    sector covering the period September 2017 onwards, using information on the number of subscribers who have subscribed under three major schemes, namely the Employees’ Provident Fund (EPF) Scheme, the Employees’ State Insurance (ESI) Scheme and the National Pension Scheme (NPS).
  2. The numbers of subscribers are from various sources and there are elements of overlap. Therefore,
    the estimates from various sources are not additive. Detailed information is separately published on the respective organizational websites for the period September, 2017 to October, 2022. The information is based on the number of subscribers, and the tables reflect a dynamic status for six sets of periods – (a) September 2017 – March 2018, (b) April 2018 – March 2019, (c) April 2019 – March 2020, (d) April 2020 –March 2021, (e) April 2021 – March 2022 and (f) monthly data from April 2022 onwards. The data in Section 2.1 includes information gender-wise, on the number of new members who have started subscribing to EPF, the number of members that have ceased their subscription and the number of members who restarted contribution, having ceased subscription in the past. The data in Section 2.2 includes information genderwise, in respect of ESI, on the number of existing employees who paid contribution and the number of newly registered employees who are paying contribution during the period. The data in Section 2.3 includes information gender-wise, in respect of NPS, on the existing subscribers and new subscribers contributing during the period.

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