Understanding the Difference Between PF and EPS Contributions: Breakdown and Evolution of EPF vs FPF

Hi Seniors,

I have a doubt regarding PF details. Is EPF the same as EPS? Before 16/11/1995, there were 2 terms EPF and FPF. After that, FPF changed into EPS. Is this true? I am requesting you to please take some time to provide an answer to my question from your precious time.

As per my knowledge, here I am giving some details. Please provide your valuable suggestions on whether this information is correct or not.

Employer Contribution:
- Employer PF = 3.67%
- EPS (Employee Pension Scheme) Or FPF (Family Provident Fund) = 8.33%
- Admin Charges for PF = 1.10%
- Admin Charges for EDLI = 0.01%

Employee Contribution:
- PF = 12.00%

GRAND TOTAL [Employer's & Employee's Contribution] = 25.61%

Hi,

Yes, both are the same. You missed one more thing. There are EDLI charges of 0.5%. So calculations are as below:

Employer Contribution:
- Employer PF = 3.67%
- EPS (Employee Pension Scheme) or FPF (Family Provident Fund) = 8.33%
- Admin Charges for PF = 1.10%
- EDLI Charges = 0.5%
- Admin Charges for EDLI = 0.01%
- Total ER Contribution is 13.61%

Employee Contribution:
- PF = 12.00%

GRAND TOTAL [Employer's and Employee's Contribution] = 25.61%