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Employees’
Employees’ Employees’
Deposit linked
Provident Fund, Pension Scheme,
Insurance Scheme,
1952 (EPF) 1995 (EPS)
1976 (EDLI)
THE EMPLOYEE’S PROVIDENT FUND ACT, 1952
INTRODUCTION
ELIGIBILITY
ELIGIBILITY AND ENTITLEMENT
CALCULATION
BENEFITS
INTEREST
NOMINATION
ANNUAL STATEMENT OF ACCOUNTS
FULL SETTLEMENTS
ADVANCES/WITHDRAWALS
EMPLOYER’S ROLE AND RESPONSIBILITY
i. MONTHLY RETURNS
ii. ANNUAL RETURNS
iii. PENALITY
iv. EXEMPTION
EMPLOYEE’S ROLE AND RESPONSIBILITY
EMPLOYEES PENSION SCHEME, 1995
INTRODUCTION
PENSION BENEFITS
ELIGIBILITY
CONTRIBUTION IN EPF & EPS
APPLICATION & FACTS
LIST OF FORMS
INTRODUCTION:
• every industry employing 20 or more persons which the central govt. may
notify
• any other establishment notify by the central govt. even if employed person
are less than 20
ELIGIBILITY AND ENTITLEMENT:
• 0.50% EDLI is calculated on total EDLI slab (Rs. 15000) wages and payable
by employer towards EDLI fund
INTEREST:
• If any error is noticed in the form 23, the member shall bring
the same to the noticed of PF officer through the employer
within 6 months from the date of receipt of statement
FULL SETTLEMENTS:
• It is compulsory for all the members who are the member of PF scheme
• Life insurance benefits (death coverage) of the employees is available under this
scheme while in service
CALCULATION:
(
• 0.50% EDLI is calculated on total EDLI slab (Rs. 15000) wages and payable by
employer towards EDLI fund
EXEMPTION:
(1)