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THE EMPLOYEES' PROVIDENT FUNDS AND MISCELLANEOUS PROVISIONS ACT, 1952

Employees covered enjoy a benefits of social security in the form of an unattachable , unwithdrawable, (excepts in severely restricted circumstance like buying house, marriage/education etc) Financial nest egg to which employees and employers contribute equally throughout the covered persons employment. This sum is payable normally on retirement or death. Other benefits include Employee Pension Scheme and employees Deposit Linked Insurance Fund.

Any person who is employed for work of an establishment or employed through contractor in or in connection with the work of an establishment.

Penalities
Liable to be arrested without warrant being a cognisable offence. Default by employer in paying contributions or inspection / administration charges attract imprisonment upto 3 years and fines upto rs.10000/- (Sec 14) for any retrospective application all dues have to be paid by employer with damages up to 100% of arrears

  1. Introduction
  2. Applicability
  3. Contribution
  4. Employee Defination
  5. Eligibility
  6. Employee Provident Fund Interest Rate
  7. Benefits
  8. Documents Required

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