EPF Contribution Rate:- If you are working in a company registered in India then you are liable to get the EPF contribution as per the rules and regulations of your company and a certain amount of salary will also be deducted from your monthly salary and that money will be directly deposited into your EPF account. Given below we are sharing the important orders of the Indian Government in relation to the EPF Contribution Rate 2023. We will also share with all of our readers the specifications and the detailed table including the Employee & Employer Present Rate Of Contribution.
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EPF Contribution Rate 2023
Employees Provident Fund is a very popular retirement scheme available by the concerned authorities of the government. The scheme is applicable to all of the employees who are currently working in popular companies around the country. The employer will deduct a certain amount of money from your salary each and every month and then this money will be deposited into your EPF account. You can take out your Employees Provident Fund money any time that you require extra money taking into consideration the guidelines issued by your company and the Government of India. The employer will also contribute to the provident fund of the employee of his or her company. You will get a lump sum amount of money on retirement or before retirement as per your need. Recently, the interest rate of EPF was revised by the Indian government.
Employee & Employer Present Rate Of Contribution
Both the employer and employee will make an equal contribution to the EPF account of the employer and given below is the table indicating the contribution as for the financial year 2022:-
| Contribution by | Monthly Percentage Contributed |
| Employer | 12% |
| Employee | 12% or 10% |
| Total | 24% |
Employers Contribution For Other Categories
The table given below specifies the contribution rate of the employers towards various categories:-
| Category | Percentage of contribution (%) |
| Employees Provident Fund | 3.67% |
| Employee Pension Scheme (EPS) | 8.33% |
| Employee’s Deposit Link Insurance Scheme (EDLIS) | 0.5% |
| EPF Admin Charges | 1.1% |
| EDLIS Admin Charges | 0.01% |
Some Exceptions To EPF Contribution
Given below, we are sharing some exceptions to the current contribution percentage of employees provident fund for both employees and the employer:-
- EPF contribution can be 10%. For instance, this can imply in the following cases –
- If a company has less than 20 employees
- The company incurs losses that are more than its entire net worth
- If a company is associated with beedi, jute, brick, guar gum or coir industry
- The contribution can also vary in the case of women employees. In the union budget 2018-2019, new women employees can make an EPF contribution of 8% instead of 12%. This privilege is only for the first three years of employment.
- Even though a woman employee contributes 8% towards EPF, the employer has to maintain its EPF contribution at 12%. Well, an employee can also add more than 12% towards EPF. This is the Voluntary Provident Fund (VPF).
- It is important to note that EPF will continue to be active as long as you are a salaried employee. If you switch jobs, it is paramount to update your EPF information with your new employer to continue their contribution.
Employee Provident Fund Interest Rate
Interest is also provided to every employee on their EPF account and given below, we are sharing the specifications of the interest available for this year:-
- The current interest rate for EPF for the financial year 2020-2021 is 8.50% p.a.. This interest rate is calculated every month and then transferred to the Employee Provident Fund accounts every year on 31st March. The interest earned on EPF is exempted from tax.
Employee Provident Fund Contribution Rate Over The Years
The EPF Contribution Rate for the financial year 2021 is 8.5%. Given below is a list of interest rates of some of the previous years:-
| Year | EPF Contribution Rate |
| 2020 – 2021 | 8.50% |
| 2019 – 2020 | 8.50% |
| 2018 – 2019 | 8.65% |
| 2017 – 2018 | 8.55% |
| 2016 – 2017 | 8.65% |
| 2015 – 2016 | 8.80% |
| 2013 – 2015 | 8.75% |
| 2012 – 2013 | 8.50% |
| 2011 – 2012 | 8.25% |
| 2010 – 2011 | 9.50% |
| 2005 – 2010 | 8.50% |
| 2004 – 2005 | 9.50% (9% Interest + 0.5% Golden Jubilee bonus interest) |
| 2001 – 2004 | 9.50% |
| 2000 – 2001 | 12% (April-June, 2001) and 11% (July 2001 onwards) on the monthly running balance |
| 1989 – 2000 | 12.00% |
| 1988 – 1989 | 11.80% |
| 1987 – 1988 | 11.50% |
| 1986 – 1987 | 11.00% |
| 1985 – 1986 | 10.15% |
| 1984 – 1985 | 9.90% |
| 1983 – 1984 | 9.15% |
| 1982 – 1983 | 8.75% |
| 1981 – 1982 | 8.50% |
| 1979 – 1981 | 8.25% |
| 1978 – 1979 | 8.25% + 0.5% bonus (for members who did not withdraw any amount from their PF during 1976-1977 & 1977-1978) |
| 1977 – 1978 | 8.00% |
| 1976 – 1977 | 7.50% |
| 1975 – 1976 | 7.00% |
| 1974 – 1975 | 6.50% |
| 1972 – 1974 | 6.00% |
| 1971 – 1972 | 5.80% |
| 1970 – 1971 | 5.70% |
| 1969 – 1970 | 5.50% |
| 1968 – 1969 | 5.25% |
| 1967 – 1968 | 5.00% |
| 1966 – 1967 | 4.75% |
| 1965 – 1966 | 4.50% |
| 1963 – 1964 | 4.25% |
| 1957 – 1963 | 4.00% |
| 1955 – 1957 | 3.50% |
| 1952 – 1955 | 3.00% |
Update EPF e-YC
- First, visit the official website for the Employees Provident Fund Organisation of India
- The homepage of the organization will be open on your screen
- Enter the login details and click on the login option.
- Now you have to click on the manage option and then on the YC option.
- Update the pan details, aadhar, bank details, etc.
- Click on the save option and it will e show you pending status until it is verified from the other end.
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Know Your EPF Claim Status
If you want to know your claim status then you will have to follow the simple procedure given below:-
- First, visit the official website for the Employees Provident Fund Organisation of India
- The homepage of the organisation will be open on your screen
- Now you have to click on the Services menu present at the menu bar
- A drop-down list will be open on your screen
- Now you have to click on the option called For Employees
- A new page will be open on your screen
- Now you have to go to the Services section
- You have to click on the option called Know Your Claim Status
- A new page will be open on your screen where you have to enter specific details and the status will be open on your screen.
EPF Balance Check Using EPFO Portal
If you want to check your balance through the Employees Provident Fund official website then you will have to follow the simple procedure given below:-
- You will first have to visit the official website of the Employees Provident Fund Organisation
- You will have to go to the option called Services
- A drop-down menu will be open on your screen
- Click on the option called For Employees
- A new page will open on your screen.
- Click on the option called Member Passbook under the services option.
- A new page will open on your screen.
- Enter your UAN number and password.
- Click on submit and the dashboard will be open on your screen.
Check Balance Through SMS
To check the balance through SMS you have to follow the simple procedure given below:-
- Send an SMS to mobile number 7738299899.
- The message is to be sent in the format ‘EPFOHO UAN ENG‘.
- You’ll have to set your preferred language of communication in the SMS. Just use the first three characters of your preferred language to do so. If you wish to receive updates in English, use the first three characters of the word English, i.e. EPFOHO UAN ENG.
- If you want to receive the message updates in Marathi, then type in EPFOHO UAN MAR. This facility is available in English, Hindi, Punjabi, Gujarati, Marathi, Kannada, Telugu, Tamil, Malayalam, and Bengali.
Balance Through Missed Call
To check the balance through the missed call you have to follow the simple procedure given below:-
- Give a missed call to 011-22901406 from your registered mobile number.
- After placing a missed call, you will receive an SMS providing you with your PF details.
Balance Through Umang App
To check the balance through the Umang app you will have to follow the simple procedures in India:-
- You will first have to download the Umang app on your mobile.
- Open the application and click on the option called EPFO
- Select the option of Employee Centric Services and click on View Passbook
- Provide your UAN and the OTP sent on your registered mobile number
- Click on login.
- The details related to your transactions will be open on your screen.
Online Complaint
If you want to register your complaint then you will have to follow the simple procedure given below:-
- First, visit the official website for the Employees Provident Fund Organisation of India
- The homepage of the organisation will be open on your screen
- Now you have to click on the Services menu present at the menu bar
- A drop-down list will be open on your screen
- Now you have to click on the option called For Employers
- A new page will be open on your screen
- Now you have to go to the Services section
- You have to click on the option called EPFiGMS (Register your Grievance)
- A new page will be open on your screen.
- The guidelines will be open on your screen
- Make sure to read the guidelines carefully.
- You have to now click on the option called Register Grievance.
- Select your status.
- Enter the details and you will be able to register your company.