About EPF


Employee Provident Fund Organisation abbreviated to EPFO. Employees Provident Fund is a social security benefit to employees. EPFO is a statutory body of the Government of India under the Ministry of Labor and Employment.It is a compulsory saving by an employee during his employment. It is meant for old age. It is one of the largest social security organisations in the India. This is required to be availed on retirement from service. An employee who contributes to provident fund is also eligible to receive a matching contribution from his employer. your provident fund is named as " Employee's Provident Fund". The EPFO decision making body is the ( CBT )central board of Trustee.

EPF mission is to reach and quality management conforms to the income from old age security public programs and delivery mileage improvement and standards compliance and the confidence of the indians win approval from our methods,fairness and honesty and integrity, thereby contributing to the economic and social indians.

EPFO ORGANISATIONAL STRUCTURE :

CENTRAL BOARD OF TRUSTEES
                                   
EXECUTIVE COMMITTEE,CBT,EPF

CORPORATE HEADQUARTERS , EPFO

EPFO FIELD OFFICER -  FIELD OFFICE HIERARCHY

Wages Ceiling:

CHANGE OF WAGE LIMIT {PARA 2(f) OF EPF SCHEME 1952}



Period
Wage limit per month
01.11.1952 to 31.05.1957
Rs. 300/-
01.06.1957 to 30.12.1962
Rs. 500/-
31.12.1962 to 10.12.1976
Rs. 1,000/-
11.12.1976 to 31.08.1985
Rs. 1,600/-
01.09.1985 to 31.10.1990
Rs. 2,500/-
01.11.1990 to 30.09.1994
Rs. 3,500/-
01.10.1994 to 31.05.2001
Rs. 5,000/-
01.06.2001 to 31.08.2014
Rs. 6,500/-
01.09.2014 onwards
Rs. 15,000/-


Main view to providing additional social security to the family of a member of the provident fund who dies in harness and also as a positive incentive to the members while in service to save more, the employees provident fund and family pension fund act 1952 was amended thereby the title of the act was substituted as Employees provident fund and miscellaneous provision act 1952 and thus framed a scheme to be called the Employees deposit linked insurance scheme 1976. The objective of the scheme is to provide an insurance cover to the members of the provident fund in covered establishment linking the cover to the deposits in the provident fund of the deceased member. The employees deposit linked insurance scheme 1976 came in to force from 1/8/1976.

The Employees deposit linked insurance scheme is applicable to the employees of all the factories or establishments to which the employees provident funds and miscellaneous provision act 1952 applies.

6 comments:

  1. please confirm about list , where will be print update status by list

    ReplyDelete
  2. please confirm about list , where will be print update status by list

    ReplyDelete
  3. how to check pf account balance on line please provide me solution and send me URL portal search site

    ReplyDelete
  4. WHAT IS THE PROCESURE FOR TEMPERARY EMPLOYEES WHO IS WORKING FOR SOME HOURS IN A DAY OR 1-2 DAYS ONLY & FOR THAT EMPLOYEES WHO DOES NOT WANT TO CONTRIBUTE OR DOSE NOT WANT TO INVOLVE IN EPF SCHEME?

    ReplyDelete
  5. bisspatna@gmail.com khusho mandal

    ReplyDelete

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