> Introduction of EPF

EPF (Employee Provident Fund) 
Employee Provident Dund And Miscellaneous Act 1952

Administered by -: EPFO (Employee Provident Fund Organization)

EPFO Under MINISTRY OF LABOUR AND EMPLOYMENT

> EPF SCHEME

1. EPF (Employee Provident Fund - 1952)
          >> Retirment Savings

2.EPS (Employee Pension Scheme - 1955)
         >> Post Retirment Pension

3.EDIL (Employee Deposit Linked insurance Scheme -1976)
        >> Relief to Faimily Covered

> Applicability
. Industries under Schedule of EPF Act
. Employee Strength 20 & More
. Theater Employee Strength 5 & More
.  Wages ( Basic+DA ) 15000/- or Less

>  Benefits
. Tax Free Savings (Section 80c Income tax Act)
. Interest Rate - 8%