WebApr 14, 2024 · The employer and the employee each contribute 12 per cent of the basic income and dearness allowance towards the EPF. Of the employer’s 12 per cent, 8.33 per … WebMay 25, 2024 · This amount is calculated each month. To simply the math, assume that your basic salary is Rs. 25,000, including dearness allowance. Your contribution towards EPF is 12% of Rs. 25,000, which amounts to Rs. 3,000 each month. Your employer’s contribution towards EPF is 3.67% of Rs. 25,000, which comes to Rs. 917.50 per month.
EPF vs PPF vs VPF : Which one is Better for Saving Money
WebEPF Deduction Contribution by an employer -The contribution made by the employer is 12% of the basic salary of the employee. However, this 12% is further subdivided into: Employee Pension Scheme (EPS) – 8.33% Employee’s Provident Fund (EPF) – 3.67% Contribution by an employee – Contribution towards EPF is deducted from the employee’s salary. Web2 days ago · The court in its Interim Order dated 12.04.2024 in W.P. (C) No.8979/2024 has ordered, “Accordingly, the Employees Provident Fund Organization and the authorities … cytoplasmic antibodies with ana negative
EPF vs EPS - Know How it Works & Difference - BankBazaar
WebSep 23, 2024 · EPF is intended for workers in the organised sector, unlike NPS. B) NPS provides three options for asset allocation: government bonds, corporate debt, and … WebMay 2, 2024 · Difference between EPF and EPS. EPS stands for Employee Pension Scheme. EPF stands for Employee Provident Fund. In EPS employees contribution is nil. In EPF employees contribution is 12% of the … WebMay 25, 2024 · The Employee Provident Fund (EPF) is a scheme run by the Employees’ Provident Fund Organization (EPFO), which is aimed at providing social security and retirement benefits. Here’s a brief guide that will help you figure out whether you’re eligible, and how to apply. EPF eligibility criteria. If you are a salaried employee with a (basic + … cytoplasmic ast