The Employees

Provident Fund &

Miscellaneous
Provisions Act,1952
Objective

The purpose is to make some provision

for the future of the industrial workers after
he retires or for his dependents in case of his
early death.

•It extends to the establishments employing

20 or more persons.
Main provisions:
• Contribution of the employees

• Submission of the contribution

• The maximum limit of coverage

• Pension scheme

• Submission of returns & forms

• Penalty in default
Contribution:
• The employee has to contribute 12% of his
basic + DA
• The employer has to contribute equal t0 the
employee contribution
• 1.61% of the total wages has to pay to
provident fund as admin.charges by employer
only
• Contribution to be submitted before 15th of
every month.
• The distribution of the contribution is as
follows:
• EPF FPF Admin.
12%+3.67 8.33% 1.61%
 Returns to be submitted:
To furnish return of ow nership to Regional Commissioner DONE
To deposit employer & employee contributions BEING DONE
To file statements of contributions BEING DONE TIMELY
To file return of employees qualifying for member ship for BEING DONE TIMELY
the first time
To file return of members living service BEING DONE TIMELY
To file consolidated statement of contribution 30th April of the
fillow ing year
To obtain declaration form each employee BEING DONE
To send intimation of change of ow nership to regional DONE
commissioner
Pension Scheme
• The minimum eligibility period for getting
pension is 10 years of contribution.

• 8.33% of the deduction goes in to this A/c.

• The formula for calculation is equal to the

total length of service X Last wages drawn
divided by seventy.