PF SCHEME & ITS BENEFITS V5 GLOBAL SERVICES PRIVATE LIMITED

THE EMPLOYEE’s PROVIDENT FUND ACT-1952 INTRODUCTION THE EMPLOYEE’s PROVIDENT FUND ACT-1952 This act is to provide a kind of Social Security to the employees. The Act mainly provides retirement or old age benefits, such as Provident Fund, Superannuation Pension, Invalidation Pension, Family  Pension and Deposit Linked Insurance. Employees who have been appointed on Basic salary of Rs 15000 or less are covered under the provision of the EPF Act. ( as per the Revised notification from Ministry of Labor) For more than Rs 15000 (Basic Salary) it’s on the discretion of Employee and Employer to come under EPF act but not mandatory, when it’s the first job of the employee. But Its Mandatory for Employees to contribute towards PF , if employee was earlier contributing towards PF in Last Organizations. Percentage of contribution to be deducted from employees part is 12% of Basic Salary. Employer Contribution is 12% of Basic Salary and addition to this 1.61% of Basic Salary is also paid as Admin Charges. So in total 13.61% is Employer Contribution towards EPF.

INTRODUCTION- Cont.. For more details, please Log on www.epfindia.com & type your PF number(which is mentioned on individual’s salary slip). Steps to Follow:- Step 1: Log on to www.epfindia.com Step 2: Know your EPF balance Step 3: Click here to know the balance Step 4: Select PF office as DELHI Step 5: Select your EPFO Office as DL-Delhi – SOUTH Step 6: Enter PF number as _ Step 7: Enter your Name & Mobile number Step 8: Enter submit & SMS will be received on your number. DS NHP 34191 BLANK YOUR PF NUMBER

CONTRIBUTION TOWARDS PF EMPLOYEE`S CONTRIBUTION MONTHLY PF 12 % of the BASIC (To be deducted from the GROSS salary)   EMPLOYER`S CONTRIBUTION PF -Admin Charges 1.61% of BASIC (To be part of the CTC) TOTAL 13.61% of BASIC

BENEFITS Employee Provident Fund is a very important tool of retirement planning. The tax free interest (compounding) and the maturity ensures a good growth of your money. If continued for a very long term, it can help immensely in meeting ones retirement goal. But while fulfilling other goals or during emergencies, we fall short of funds even after taking all recourse and do force borrowing. At this moment EPF can be helpful due to certain benefits it provides.

BENEFITS PF Entitles for Pension Too Insurance Benefit Special Occasions- EPF at help 1. Goals- Marriage, Education need for self, child or any sibling 2. Your Dream House 3. Medical Emergency ***All mentioned above Benefits can be taken up to certain limits attached to it & off course you can avail this after a stipulated no. of years of regular contribution towards PF.

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