PF, PPF & EPF

Good afternoon Everyone !
I am Shylaja. I need some info about Provident Funds. Please let me know the basic difference between PF, PPF & EPF. I understand PF component includes contribution from the employee & the employer. Can the Employer's share by reflected / included in the CTC of an employee? If so how?
Request immdt help on this please.
Regards
Shy

hi,
please go through provident fund organization's web site and you will get the details. Yes, PF is included in CTC and some companys include Admin charges (1.1%), EDLI (0.5%), and inspection charges(0.01%) also i.e 13.61%
Shanmugam

The difference is as follows
GPF - General Provident Fund which is for the Government Employees
PPF - Individuals can save to a maximum of Rs.60000/- in a year in the account. Account can be maintained in a Post Office.
EPF - Employees Provident Fund for Private sector where 12% of Employees share and 12 % of Employer's share of Basic Salary + DA is deducted and remitted to PF Authorities.

Good morning Everybody !
Thank you both for info provided. Just one other clarification reg. the Employer's contribution (EPF) of 12% . Can this contribution be included as a part of the CTC.
Please reply.
regards
Shylaja[/quote]

EPF/PF:Employee Provident Fund( provident fund ) is a retirement benefit scheme that is available to salaried employees.Stipulated amount (currently 12%) is deducted from the employee's salary and contributed towards the fund.The employer also contributes an equal amount to the fund which is divided in 2 parts.

A. Pension Fund- Employers' share 8.33% of Basic Pay.

B. Provident Fund- Employers' share 3.67% of Basic Pay.

(Simple Interest of 8% per annum is appicable on Employees' contribution and Employers Contribution of 3.67%)

(If a employee holds a PF account for 10+ years under same company with same employee code then he/she can claim for pension there after or can withdrawl the amount of Pension fund before 10yrs but no intereset is applicable in the amount).

PPF: The Public Provident Fund has been established by the central government. You can voluntarily decide to open one.The minimum amount to be deposited in this account is Rs 500 per year. The maximum amount you can deposit every year is Rs 70,000.

ESI:Is calculated on employees GROSS salary its also includes Incentives & NFH (National Festival Holidays & other Allowanes.Both Employer ( 4.75%) & Employee (1.75%) Must contribute ESI Pay on Employee Gross Salary.

(Please Let me know if i m wrong any where)[/SIZE]