What is the difference between EPF and PF?

Posted on 23rd Aug 2018 | 1328 views

5 avg. rating (100% score) - 1 votes

EPF commonly denoted as PF, it because both is an integral part Employees Provident Fund or EPF it is a compulsory scheme. It is for the employees working in any establishment of government or private are required to register with an equal contribution from their company. EPF scheme social security measure by the government of India to enable citizens to save a certain amount at their retirement phase. EPF scheme introduced by EPFO employee provident fund organisation and it administers employees’ pension payment in their retirement. Current interest rate is 8.65% EPF contributions made by the employer and the employee. The calculation of interest relay on the salary of employee and on the share of employer’s PF contribution towards EPF.


Difference between PF and EPF there no difference between EPF and PF because both are same but EPF commonly denoted as PF in the employee salary certificate.

Contribution of employer is also 12% but it is divided to contribute towards not only EPF but also for the other schemes it is also called as ER amount below are the ratio in which employers ER ratio is calculated only 3.67% which is lower land employee share toward the EPF scheme

PF vs EPF these do not compete with each other both suggest the same in the employee pension scheme and both the employer and the employee contribute toward the provident fund. This provident fund can be availed the employee after their retirement.

Nevertheless, there is a difference between the employee provident fund and the employer provident fund and they are EE amount and ER amount this is because the share of the employee varies from the share of the employer, employee share is higher because the employee uses these benefits at their retirement phase. The employee and employer contribution added to the employee provident fund. This corpus fund maintained in the name of subscribed employee. The employee at a special case can withdraw this amount by submitting 10C of the employee provident fund.

0 Comments on What is the difference between EPF and PF?

Comment as a guest:

All rights reserved © 2020 Wisdom IT Services India Pvt. Ltd DMCA.com Protection Status