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  1. www.etmoney.com › saving-schemes › how-does-epf-workHow does Employee Provident Fund (EPF) work? - ET Money

    Jun 28, 2023 · One-third of the employer’s contribution to the scheme i.e. 3.67% goes to the EPF. And the large chunk i.e 8.33% goes to the EPS. But, for the purpose of calculating the EPS contribution, the rules require that the salary itself should be capped at Rs. 15,000. Let us understand this with an example.

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  3. cleartax.in › s › epfoEmployee Provident Fund Organization: What is EPFO, Structure ...

    Jul 30, 2024 · Employees’ Provident Fund Organization (EPFO) is a statutory body incepted by the government of India. Being the country’s largest social security organization, it mainly encourages people to save for retirement, among others. EPFO comes under the purview of the Ministry of Labour and Employment and was established in 1952.

    • 4th March 1952
    • कर्मचारी भविष्य निधि संगठन
    • New Delhi
    • epfindia.gov.in

  4. en.wikipedia.org › wiki › Employees'_Provident_FundEmployees' Provident Fund Organisation - Wikipedia

    The Employees' Provident Fund Organisation(EPFO) is one of the two main social security organizationunder the Government of India's Ministry of Labour and Employmentand is responsible for regulationand managementof provident fundsin India, the other being Employees' State Insurance. The EPFO administers the retirement plan for employees in ...

  5. www.epfindia.gov.in › site_en › AboutEPFOEPFO || AboutEPFO - Employees' Provident Fund Organisation

    EPFO || AboutEPFO. ABOUT US. The Employees' Provident Fund came into existence with the promulgation of the Employees' Provident Funds Ordinance on the 15th November, 1951. It was replaced by the Employees' Provident Funds Act, 1952. The Employees' Provident Funds Bill was introduced in the Parliament as Bill Number 15 of the year 1952 as a ...

  6. www.etmoney.com › learn › saving-schemesEPF / PF- All About Employee Provident Fund - ET Money

    Dec 29, 2023 · EPFO, or Employee Provident Fund Organization, is a statutory body that works for employee’s welfare. It was established in Year 1951, and it is governed by the Ministry of Labour and Employment, Government of India. The objective of the organisation is to encourage employees to save for retirement by contributing to the provident fund.

  7. economictimes.indiatimes.com › wealth › earnWhat is EPF scheme and how to calculate PF balance?

    Jun 22, 2017 · Out of employer's contribution, 8.33% will be diverted to Employees' Pension Scheme, but it is calculated on Rs 15,000. So, for every employee with basic pay equal to Rs 15,000 or more, the diversion is Rs 1,250 each month into EPS. If the basic pay is less than Rs 15000 then 8.33% of that full amount will go into EPS.

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  9. economictimes.indiatimes.com › wealth › earnAll you need to know about the Employees' Provident Fund

    Nov 3, 2017 · The Employees' Provident Fund (EPF) is a savings tool for the workforce. It is a scheme managed under the Employees' Provident Funds and Miscellaneous Provisions Act, 1952, by the Employees' Provident Fund Organisation (EPFO). Under the EPF scheme, an employee has to pay a certain percentage from his pay and an equal amount is contributed by ...