1. The Employees Provident Fund &
Miscellaneous Provisions
Act,1952.
• Object:
The purpose is to make some provision for the
future of the industrial workers after he retires or
for his dependents in case of his early death.
• It extends to the establishments employing 20 or
more persons.

2. Main provisions:
• Contribution of the employees
• Submission of the contribution
• The maximum limit of coverage
• Pension scheme
• Submission of returns & forms
• EDLI scheme,1976
• Loans
• Penalty in default

3. Contribution:
• The employee has to contribute 12% of his
basic + DA
• The employer has to contribute equal t0
the employee contribution
• 1.61% of the total wages has to pay to
provident fund as admin.charges by
employer only
• Contribution to be submitted before 15th of
every month.
• The distribution of the contribution is as
follows:
• EPF FPF Admin.
12%+3.67 8.33% 1.61%

4. Returns to be submitted:
To furnish return of ow nership to Regional Commissioner
To deposit employer & employee contributions
To file statements of contributions
To file return of employees qualifying for member ship for
the first time
To file return of members living service
To file consolidated statement of contribution
To obtain declaration form each employee
To send intimation of change of ow nership to regional
commissioner

5. Pension Scheme
• The minimum eligibility period for getting
pension is 10 years of contribution.
• 8.33% of the deduction goes in to this A/c.
• The formula for calculation is equal to the
total length of service X Last wages drawn
divided by seventy.

6. Pension Scheme Benefits
• Pension Payment for life on Retirement
/superannuation.
• Lump sum payment to the member by way
of commutation of pension upto one third
pension amount on optional basis.
• In case of death of the member pension to
spouse for life or until remarriage.
• To children (two at a time) till they attain
the age of 25 years additionally along with
pension payment to spouse.

7. Pension scheme (Option for
capital return)
Option pension Normal Reduced Return
pension of capital
Revised pension during Rs.1000.00 Rs.900.00 Rs.100000.00
time pensioner with return
of capital on his death
Revised pension @90% during Rs.1000.00 Rs.900.00
member’s life
Reduced pension @80% during Rs.800.00
spouses’ lifetime and then
return of capital to nominee.
In addition the spouse will be
Rs.500.00 Rs.90000.00
getting normal widow pension
under Para 16 of the scheme
Pension for fixed period of 20 Rs.1000.00 Rs.875.00 Rs.100000.00
years (After 20
years to
him/her or to
nominee)

8. The Employees Deposit Linked
Insurance Scheme,1976
• Benefit is given only in case of
death of the member.
• The amount is equal to average
balance upto Rs.35000.00-plus
25% of the balance amount,if
any,subject to Rs.60000.00
Maximum.

9. LOANS AVAILABLE
Type of Loan Eligibility Amount Of Papers to be submitted
Criteria Loan
Purchase of a Membership 90% of the Original Title deed, non-
Dwelling Site for Min 5 Employee encumbrance Certificate
Years Part (For verification & Return),
Agreement with the seller
Purchase of Do 90% of the As above and a certificate
Dwelling Employee stating that House/Flat is
Part new and unlived one.
House/Flat
Furnishing the number and
date of approval
Construction Do Do Original Title deed (For
of House verification and return).Non
encumbrance certificate
estimate cost of
Construction , Approved
Plan

10. LOANS AVAILABLE……. CONTD
Type of Loan Eligibility Amount Papers to be submitted
Criteria Of Loan
Addition, Alteration Membership 90% of Approval Of The Appropriate
OR Improvement to For 5 Years the Authority, Estimate Of The
House Owned by Employe Work Original Title Deed Of
member or Spouse e Part The House And Certificate
From The Appropriate
Authority Specifying The Date
Repayment of Do Do OfCertificate fromHouse
A Completion Of the lending
(Housing) Loan authority furnishing the
State Govt.Housing details of Loan and
Board ,Municipal Outstanding Amount.
Corporation or a
Body Similar to DDA
Marriage of Membership 50% of A marriage Card
Self/Son/Daughter/Si for 7 Years the
ster/Brother Employe

11. LOANS AVAILABLE……. CONTD
Type of Loan Eligibility Amoun Papers to be
Criteria t Of submitted
Loan
Closure Lock Out of the Membership
Factory Establishment For for 5 Years
Reasons Other than Strike
Non Receipts Of Wages For
2-Months
Illness Of Member/Family
Member
Post matriculation
education of Son/Daughter

12. THANKYOU