Employees' Provident Fund (EPF)

iAbout This Scheme

EPF is a mandatory provident fund scheme for employees in the organised sector under the EPF & MP Act 1952, administered by EPFO. Both employer and employee contribute 12% of basic wages each month. The accumulated fund earns an annual interest rate declared by the government (8.25% for 2023-24) and is payable on retirement, resignation, or in specified circumstances.

🎁Key Benefits

• 12% employee + 12% employer contribution on basic wages
• Interest rate 8.25% per annum (FY 2023-24) declared by Central Board
• Tax-free maturity proceeds (EEE status)
• Partial withdrawal allowed for housing, medical, education, marriage
• Online access to EPF passbook and claim submission via EPFO portal
• Universal Account Number (UAN) for portability across employers

✅Eligibility Criteria

• 1
  Employees earning up to ₹15,000/month (mandatory coverage)
• 2
  Employees above ₹15,000/month can opt in voluntarily
• 3
  Establishments with 20 or more employees mandatorily covered

📝How to Apply

❓Frequently Asked Questions