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Employees Provident Fund topic for cs executive


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Following topic ‘Employees Provident Fund’ from Industrial, Labor& General Laws is discussed below:

Employees Provident Fund

A Brief Introduction
The Employees Provident Funds and Miscellaneous Provisions Act, 1952 are applicable to employees whose wages* exceed Rs. 15,000/- per month. This ceiling limit has been amended and applied from September 01, 2014 (earlier the limit was Rs. 6,500/-) However, employees drawing salary below this limit can also have the benefits of this Act with their choice.
The wages* includes basic wages with dearness allowance, retaining allowance (if any), and cash value of food concession.

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