Contribution of employee in Employee Provident Fund and Pension Fund?

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Solution

Contribution to Employee Provident Fund
If the organisation has more than 20 persons working - 12 % of the salary
If the organisation has 20 or less than 20 persons working - 10 % of the salary
Contribution to Pension Fund-8.33% of the salary
If employer pitches 12% , 8.33% of the salary in contributed to provident fund and the remaining in provident fund.

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Q15) EPFO made UAN mandatory for all employers under Employee Provident Fund Act, 1952. Presently, which of the following schemes are in operation under the Act?

1) Employees' Provident Fund Scheme, 1952

2) Employees' Deposit Linked Insurance Scheme, 1976

3) Employees' Pension Scheme, 1995

Code:

Q. An employee is required to contribute

10

% of his pay to General Provident Fund. If he get

R s . 13, 500

as net pay in a month, then what is the monthly General Provident Fund contribution (assuming no other deductions)?

Q. Which of the following items is part of compensation of employees? Give reasons for your answer.
(i) Entertainment allowance to an employee to entertain business guests.
(ii) Employers' contribution to gratuity fund of the employees.
(iii) Employee's contribution to provident fund.
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(v) Old age pension.
(vi) Medical expenses of a firm on treatment of employee's family.

Q. As per the Employees Provident Funds and Miscellaneous Provisions Act,

1952

the employees contribute a total of ________ to the funds established under the schemes prescribed by the Central Government.

Q. When was the Employee Provident Fund Scheme passed?

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