How much money goes in the PF (Provident Fund) Account?
What is EPS?
EPF = Employee Pension Scheme.
The purpose of the scheme is to provide for
1) Superannuation Pension:Member who has rendered eligible service of 20 years and retires on attaining the age of 58 years.
2) Retiring Pension:member who has rendered eligible service of 20 years and retires or otherwise ceases to be in employment before attaining the age of 58 years.
3) Permanent Total Disablement Pension 4) Short service Pension: Member has to render eligible service of 10 years and more but less than 20 years.
Steps to check PF Online:
1) Get your PF Account Number - It is normally mentioned on your payslip, if not check with your HR team.
It will look like MH / 98765 / 1234567
2) Go to EPFO website - http://epfindia.com/site_en/KYEPFB.php
3) Click on the following link -> "Click here to know Your PF Balance"
4) Select your State and Office Name as shown below.
5) Enter all the details as shown below and click on "Submit" Button.
First 2 text fields will be populated automatically.
You can keep the 4th text blank, if you dont know the extension number.
6) You will now receive an SMS from EPFO.
In the SMS, 2 amounts will be mentioned "EE Amount" and "ER Amount".
EE Amt = Employee Balance
ER Amt = Employer Balance
- Employee Contribution : 12% of your Basic
- Employer Contribution : 12% of your Basic (8.33% goes to EPS)
- Interest on both the contribution.
What is EPS?
EPF = Employee Pension Scheme.
The purpose of the scheme is to provide for
1) Superannuation Pension:Member who has rendered eligible service of 20 years and retires on attaining the age of 58 years.
2) Retiring Pension:member who has rendered eligible service of 20 years and retires or otherwise ceases to be in employment before attaining the age of 58 years.
3) Permanent Total Disablement Pension 4) Short service Pension: Member has to render eligible service of 10 years and more but less than 20 years.
Steps to check PF Online:
1) Get your PF Account Number - It is normally mentioned on your payslip, if not check with your HR team.
It will look like MH / 98765 / 1234567
2) Go to EPFO website - http://epfindia.com/site_en/KYEPFB.php
3) Click on the following link -> "Click here to know Your PF Balance"
4) Select your State and Office Name as shown below.
5) Enter all the details as shown below and click on "Submit" Button.
First 2 text fields will be populated automatically.
You can keep the 4th text blank, if you dont know the extension number.
6) You will now receive an SMS from EPFO.
In the SMS, 2 amounts will be mentioned "EE Amount" and "ER Amount".
EE Amt = Employee Balance
ER Amt = Employer Balance
No comments:
Post a Comment