EE amount is the primary contribution. It is calculated on salary/wages above a certain level, is the liability of the employee, it is deducted from that salary to arrive at net pay. EE stands for employee share towards PF amount. Share of EE amount is more than share of ER amount. EE amount and ER amount is administered by Employees' Provident Fund Organisation (EPFO). Both EE amount and ER amount are integral part EPF i.e. employee provident fund.
EE Amount is The Employee Contribution i.e. your total contribution in the EPF account. The sum total of PF amount contributed towards PF monthly from employee’s salary.
ER Amount is the Employer Contribution i.e. establishment contributionin which employee work. It is the total of PF amount monthly contributed into employee EPF account by the employer.
Employees contribute 12% from their salary/ wage towards the EPS. This may differ in case of ER amount because employer contribution share is divided
ER or Employer’s contribution goes towards EPS so for this cause Employer’s share in EPF will differ from EE or Employee Contribution in EPF employees contribute 12% from their salary/ wage towards the EPS. As in employee pension scheme employer contribution is 12% but in that 12% contribution 8.33% goes to the EPS and rest i.e. 3.67% is contributed to PF. So the employers share ER amount contribution is EPS plus pension fund and it is equals to the EE amount or employee contribution Employer pays 0.5% towards EDLI, 0.65% as EPF administrative charges and 0.01% as EDLI handling fee. Employees Deposit Linked Insurance Scheme (EDLIS) disburse certain amount as the pension to the employees beneficiary in the event of death by natural causes, illness or accident, while in job.
EPS passbook issued by EPFO get passbook employers need to register at members.epfoservices.in. EPS balance can be checked at http://epfindia.com/site_en/KYEPFB.php by using Universal Account Number (UAN) 12 digit number for details EE amount and ER amount (till date) are sent through sms.
All rights reserved © 2018 Wisdom IT Services India Pvt. Ltd