Employees’ Provident

Fund Act, 1952

By
Aprajita, Divya,
Kaushik, Sharon
 Introduction
• The Employees’ Provident Fund (EPF) is a savings scheme introduced under the Employees’
Provident Fund and Miscellaneous Act, 1952.
• Aims to provide a kind of social security to the industrial workers. The act mainly provides retirement
or old age benefits, such as provident fund, Superannuation pension, Invalidation pension, family
pension and Deposit-linked Insurance.
• It extends to the whole of India except the State of Jammu and Kashmir.
• to every establishment which is a factory engaged in any industry specified in Schedule I and in
which twenty or more persons are employed
• The scheme caters to the needs of more than 5 crore members and is governed by three Acts.
 EPF Contribution
• The Employees’ Provident Fund is a fund where both the employer as well as
the employee contributes a part of the salary. These contributions are made
regularly on a monthly basis.
• The interest rate fixed depends upon the employee’s basic pay along with the
dearness allowance in his salary. Here is a breakup of the EPF Contributions: