EPF Contributions Explained The EPF Contribution used in EPF Interest Calculator 2023: Category% Of Contribution Employees Provident Fund 3.67 % Employee’s Deposit Link Insurance Scheme (EDLIS) 0.5 % EDLIS Admin Charges 1.1 % Employee Pension Scheme (EPS) 0.01 % EPF Admin Charges 8.33 % Employ...
For employees who are covered under EPF(Employee Provident Find or EPF), besides their compulsory contribution to PF there is a provision for an additional orVoluntary contributionto EPF popularly called asVoluntary Provident FundorVPF.The employer will not contribute more. How does taxing of interes...
Epf contribution reduced from 12% and 10% due to Covid 19 How much EPF Contribution would impact your take home Not much.Remember that EPF contribution is 10% of your basic salary and Dearness Allowance, not take-home salary or CTC. As you can see in the example, for a basic salary ...
Please verify that your bank details are correct. If your bank details are incorrect then one needs to submit the reauthorization form with the cancelled cheque of the bank. This article explains how to Verify your bank account details. if incorrect, you should not reapply but submit Reauthorizat...
I had transferred my EPF account from my old organization to the new company. While EPF transfer was reflected in UAN passbook there was no information about EPS transfer. In my UAN passbook of both the old account and new account, Pension contribution was 0. I asked UAN helpdesk(which wa...
Table comparing EPF and NPS is given below Should you transfer EPF to NPS? No because Currently, there is no other scheme that gives an assured return of around 8% and that too tax-free. EPF contribution happens before salary comes to the bank account so it is compulsory saving for retire...