epf act

1. The Employees’ Provident Funds
and Miscellaneous Provisions
Act, 1952

2. Objectives
1. Employees’ Provident Fund Scheme, 1952
2. Employees’ Deposit Linked Insurance
Scheme, 1976
3. Employees’ Pension Scheme 1995 replaced
with Employees’ Family Pension Scheme,
1971.

3. Important Definitions
Appropriate Government
Authorized Officer
Basic Wages
Contribution
Controlled Industry
Employer
Employee
Excluded Employee
Exempted Establishment
Factory

4. Contribution
Establishment of Employees’ Pension Fund
(Section 6A)
• Superannuation Pension
• Retiring Pension
• Permanent Total Disablement Pension
• Short Service Pension

5. Employees’ Deposit-Linked Insurance
Scheme and Fund (EDLI), 1976
Rates of Contribution of EPF, EPS EDLI, Admin
Charges in India
Scheme Employee’s
Contribution (%)
Employer’s
Contribution (%)
Employee Provident Fund 12 3.67
Employees’ Pension Scheme 0 8.33
Employees Deposit –
Linked Insurance
0 0.5
EPF Administrative Charges 0 1.1
EDLI Administrative Charges 0 0.01

6. Recovery of Damages from Employer
Period of Default Rate of Damages Percentage of Arrears Per Annum
Less than 2 months 17
Two months and above but less than 4
months
22
Four months and above but less than 6
months
27
Six months and above 37