EPF or Provide fund is a government based fund that is deposited into employees’ provident fund account. The account is contributed by employer as well as a part of employee’s salary is deposited into the account. Government of India provides financial help for epf account holders.
Every EPF account has its own unique number known as UAN or Universal Account number. The UAN number is used to login, contribute, check balance, update passbook and withdraw, transfer or claim epf balance.
How much PF is deducted from salary?
According to EPFO, upto 12% of an employee’s salary is to be deposited into his/her EPF account. The same amount is to be deposited by the employer too. Total contribution of employee and employer is upto 24% of salary.
Employee’s Provident Fund Organization or EPFO
To maintain and regulate functions related to PF accounts, government has established an institution named EPFO. The full form of EPFO is Employees’ Provident Fund Organization.
EPFO works under the Ministry of Labour and Employment, Government of India.
What is Employee’s Provident Fund Scheme?
Employees’ Provident fund scheme is a retirement benefit program that enables all salary based employees to get a part of their salary saved as PF. Any company that has more than 20 employees are instructed to have PF accounts for their employees and make employer contribution to the account too.
Here is a list of information about EPF that explain the function and processes related to EPF accounts.
|Universal Account Number||UAN Activation|
|UAN registration||UAN Status Check|
|UAN Card||UAN helpdesk|
|EPFO Member Login||EPFO Employer Login|
|EPF Unified Portal||OTCP|
|EPF Transfer online||EPF transfer status|
|EPF Claim||PF Claim Status|
|Check EPF Balance||EPF Passbook|
|EPFO e Sewa||EPFO Mobile App|
|EPFO Mobile App||EPF Online Payment|
|TRRN status||EPF KYC|
For more information related to EPF, go to official website – https://www.epfindia.gov.in/ .