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The Employees' Provident Fund Organisation (EPFO) is one of the two main social security organization under the Government of India's Ministry of Labour and Employment and is responsible for regulation and management of provident funds in India, the other being Employees' State Insurance.
Jul 30, 2024 · EPFO assists the Central Board of Trustees (EPF) in the administration of a provident fund scheme, pension scheme and an insurance scheme for the registered establishments in India and includes employees of such establishments and international workers who are covered.
Jun 28, 2023 · EPF deduction has to be 12% of your basic salary as per law. Know how EPF works, its structure & deductions made from your salary toward EPF.
The Board is assisted by the Employees’ PF Organization (EPFO), consisting of offices at 122 locations across the country. The EPFO is under the administrative control of Ministry of Labour and Employment, Government of India (click here) .
Jun 22, 2017 · The Employees' Provident Fund (EPF) is a scheme in which retirement benefits are accumulated. Under the scheme, an employee has to pay a certain contribution towards the scheme and an equal contribution is paid by the employer.
The administration of this Act and its associated schemes falls under the purview of a tripartite body known as the Central Board of Trustees (CBT), Employees' Provident Fund. The CBT comprises representatives from various sectors, including the government (both central and state), employers, and employees.
Nov 12, 2021 · What is Employees Provident Fund? The Employees’ Provident Fund (EPF) is a scheme governed by the Employees’ Provident Fund Organization. EPF basically aims to provide social security and offers retirement benefits.
Dec 29, 2023 · The Employee Provident Fund (EPF) is a scheme that helps people save up a sufficient corpus for retirement. The plan was introduced with the Employees’ Provident Funds Act in 1952 and is today managed by the Employees’ Provident Fund Organisation (EPFO).
EPFO or Employees' Provident Fund Organisation is a non-constitutional body that promotes employees to save funds for retirement. EPFO was launched in 1951 and is governed by the Ministry of Labour and Employment. It offers schemes that cover Indian and international workers. Schemes Offered Under EPFO.
The Employees' Provident Fund Organisation (EPFO) is a non-constitutional body that promotes employees to save funds for retirement. The organisation is governed by the Ministry of Labour and Employment, Government of India and was launched in 1951.
