Pf employer login

Employees Provident Fund Scheme (EPF) comes under the purview of, 'The Employees' Provident Funds and Miscellaneous Provisions Act, 1952'. It is governed by the Employee Provident Fund Organization (EPFO), India. Every establishment that employs 20 people or more is covered under the EPF scheme, and under certain restrictions and exclusions, even organisations that employ less than 20 people are also covered. In India, EPF is widely accepted by employees as one of the significant savings schemes for retirement purposes. As per this scheme, an employee, and the employer both have to pay a contribution towards the scheme. The employee on retirement gets the benefit in the form of the accumulated lumpsum amount comprising the self and employer's contribution with interest on both. According to the regulations, an employee is deemed to be a non-eligible employee if their pay at the time of joining exceeds ₹15,000 per month. Employees who make less than ₹15000 per month are required to join the EPF as a member. However, if both the employee and the employer agree, an employee who is receiving pay over the specified maximum (currently ₹15,000) may join with approval from the Assistant PF Commissioner. Employees often face a challenge in calculating the amount of provident fund and pension fund that goes into their savings and the amount of interest on the accumulated EPF amount. This document explains the new formula for the calculation of EPF, the percentage of amount contribut...