WebEmployees' Provident Funds Scheme 1952 (EPF) Employees' Pension Scheme 1995 (EPS) Employees' Deposit Linked Insurance Scheme 1976 (EDLI) Objectives of EPFO The EPFO’s primary goals are as follows- To ensure that each employee only has one EPF account. Compliance must be made as simple as possible. WebAug 26, 2024 · The Board operates three schemes - EPF Scheme 1952, Pension Scheme 1995 (EPS) and Insurance Scheme 1976 (EDLI). Get Latest Business News, Stock Market Updates and Videos; Check your …
EPF vs EPS - Difference Between EPF and EPS - Scripbox
WebThe EPF scheme (EPF full form – employee provident fund) is a mandatory scheme for corporates that fulfils the eligibility criteria specified in the Employees Provident Fund & Miscellaneous Provisions Act, 1952. Under the EPF pension scheme, both the employer and employee contribute to the EPF Account. WebApr 9, 2024 · The Employees’ Provident Fund Organisation (EPFO), India’s retirement fund body, runs three social security schemes for its members, comprising the Employees’ … fix iphone ear speaker
EPF vs EPS - Difference Between EPF and EPS - Groww
WebMar 4, 2024 · 5.3 When the EPS-95 scheme was introduced in 1995, employees drawing more than the ceiling limit were not excluded from the membership. Instead, it was provided that out of the employer’s share of the provident fund, 8.33% of the capped salary will be transferred to Pension Fund. WebSep 26, 2024 · The central board of trustees which administers the EPFO runs three schemes - EPF Scheme 1952, Pension Scheme 1995 (EPS) and Insurance Scheme 1976 (EDLI). Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. WebAug 7, 2024 · Employees’ Pension Scheme (EPS) The Employees’ Pension Scheme is a social security scheme launched in the year 1995 by the Employees’ Provident Fund … cannabis curing box