Employee Provident Fund (EPF)

URI: https://gptkb.org/entity/Employee_Provident_Fund_(EPF)
GPTKB entity
Statements (33)
Predicate Object
gptkbp:instanceOf Retirement savings scheme
gptkbp:administeredBy Employees' Provident Fund Organisation (EPFO)
gptkbp:appliesTo Employees in organized sector
gptkbp:benefit Lump sum payment on retirement or resignation
gptkbp:claimProcess Online and offline
gptkbp:contribution Employer
Employee
12% of basic salary and dearness allowance
gptkbp:country gptkb:India
gptkbp:established 1952
gptkbp:grievanceRedressal EPFO grievance portal
gptkbp:headquarters gptkb:New_Delhi,_India
https://www.w3.org/2000/01/rdf-schema#label Employee Provident Fund (EPF)
gptkbp:interestCredited Annually
gptkbp:linkedSchemes gptkb:Employees'_Deposit_Linked_Insurance_Scheme_(EDLI)
gptkb:Employees'_Pension_Scheme_(EPS)
gptkbp:mainInterest Declared annually by EPFO
gptkbp:maximumLoanAmount Partial withdrawal allowed for specific purposes
gptkbp:minimumEmployeesForApplicability 20 or more employees in an establishment
gptkbp:nominationFacility Yes
gptkbp:onlineServices Available through EPFO portal
gptkbp:platform gptkb:Employees'_Provident_Funds_and_Miscellaneous_Provisions_Act,_1952
gptkbp:purpose Retirement savings
gptkbp:regulates gptkb:Ministry_of_Labour_and_Employment,_Government_of_India
gptkbp:requires Employees earning up to ₹15,000 per month (basic + DA)
gptkbp:taxDeductionSection gptkb:Section_80C_of_Income_Tax_Act,_1961
gptkbp:taxStatus Exempt-Exempt-Exempt (EEE)
gptkbp:transferredTo Yes, between employers
gptkbp:UAN Universal Account Number assigned to each member
gptkbp:voluntaryParticipation Allowed for higher earners
gptkbp:withdrawn Allowed under certain conditions
gptkbp:bfsParent gptkb:Section_80C_of_Income_Tax_Act
gptkbp:bfsLayer 7