Table of Contents
- 1 What is the difference between EPF 1952 and 1995?
- 2 When did EPF and M Act came in force?
- 3 What is the retirement age for EPF?
- 4 Who is the CEO of EPFO?
- 5 What is the salary limit for PF?
- 6 How can I check my Employees provident fund Scheme 1952?
- 7 What is PF interest rate?
- 8 How do I Check my PF account?
What is the difference between EPF 1952 and 1995?
EPF (Employees’ Provident Fund Scheme 1952) and EPS (Employees’ Pension Scheme 1995) are the two different retirement saving schemes under Employees’ Provident Funds and Miscellaneous Provisions Act, 1952, meant for salaried employees. 6,501per month have an option to get PF deducted from their salary.
In which year the Employee Provident Fund Act came into existence?
15th November, 1951
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.
When did EPF and M Act came in force?
Employees Provident Fund and Miscellaneous Provisions Act, 1952
| Act Number: | 19 |
|---|---|
| Ministry: | Ministry of Labour and Employment |
| Enforcement Date: | 04-03-1952 |
| Last Updated: | 22-04-2019 |
What is Employee Provident Fund Scheme 1952?
EPF is the main scheme under the Employees’ Provident Funds and Miscellaneous Provisions Act, 1952. Under EPF scheme, an employee has to pay a certain contribution towards the scheme and an equal contribution is paid by the employer.
What is the retirement age for EPF?
58 years old
The scheme is provided by the Employees’ Provident Fund Organisation (EPFO) and ensures that employees receive a pension once they attain the age of 58 years old. Existing, as well as new EPF members, can avail the benefits of the scheme.
What is the maximum pension in EPF?
Earlier, EPFO was providing pension calculated on the salary of the employee with a maximum cap at Rs. 15,000. Now that the cap of Rs. 15,000 has been removed, the EPS contributions will be calculated based at 8.33% of the actual salary of the employee.
Who is the CEO of EPFO?
CPFC : Shri Mukhmeet Singh Bhatia
| Address: | Employees’ Provident Fund Organisation, Head Office Bhavishya Nidhi Bhawan, 14-Bhikaji Cama Place New Delhi – 110066 |
| Telephone: FAX: E-Mail: | 011-26172671 011-26189910 cpfc[at]epfindia[dot]gov[dot]in |
What is Epfo salary?
UPSC EPFO Salary Structure 2020-21
| Title | Salary Details |
|---|---|
| Pay Scale | INR 9300 – INR 34800/- |
| Grade Pay | INR 4800/- |
| Entry Pay | INR 47600/- |
| Total Salary (Emoluments excluding TA, HRA & Other Allowances) | INR 53312/- |
What is the salary limit for PF?
Contribution to be paid on up to maximum wage ceiling of 15000/- even if PF is paid on higher wages. 2. Each contribution is to be rounded to nearest rupee. (Example for each employee getting wages above 15000, amount will be 75/-) 3.
What is the full form of EPFO?
Employees Provident Fund Organisation (EPFO) | Ministry of Labour & Employment.
How can I check my Employees provident fund Scheme 1952?
To check your EPF account balance on the EPFO portal, you must have an active Universal Account Number (UAN). To check your balance, you will have to visit https://passbook.epfindia.gov.in/MemberPassBook/Login.jsp and enter your UAN and password. The website allows you to view and download your EPF account statement.
What is PF account balance?
The PF balance is an indicator of your savings at the time of retirement. The Employees Provident Fund Balance amount comprises the amount which is deducted every month from your monthly salary. It also comprises the amount which is contributed to your EPF account by your employer.
What is PF interest rate?
The current interest rate, which is for Q3 (October – December) FY 2020-21 has been fixed at 7.1%. Investments made in Public Provident Fund are offered at interest rates that are set by the central Government for every quarter (every three months) of the year. Given below is a list of the most recent changes in the PPF interest rates :
What is PF account?
Public Provident Fund account or the PPF account is a scheme that was introduced the Government of India in the year 1986. This scheme states that any citizen of India is free to contribute to the scheme through which the person can claim an income tax rebate.
How do I Check my PF account?
How To Check Your PF Account Balance/Passbook. EPFO on its website has prominently displayed the link to check e-passbook. It can be found at the top right corner of the website. Click on the e-passbook link. (A snapshot of EPFO website) This will take you to a webpage where you need to key in your UAN id and password.