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.
From India, Vijayawada
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5I 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.
From India, Vijayawada
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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%
From India, Vijayawada
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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%
From India, Vijayawada
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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%
From India, Bangalore
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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%
From India, Bangalore
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Calcu. pf Emp.eps.epf sample sheet for HR site..xls
EPF,EPS,EDLI.pp t