EPF Contribution Rules: Minimum Percentage, Maximum Limit, and Frequency

EPF Contribution Rules: Minimum Percentage, Maximum Limit, and Frequency

EPF Contribution Rules: Minimum Percentage, Maximum Limit, and Frequency

Oct 17, 2024

EPF contribution rules are the rules related to EPF contributions by employees and employers. Here are some key points to consider:

  • Minimum Percentage: The minimum EPF contribution by employees and employers is 12% of the basic salary and dearness allowance.

  • Maximum Limit: The maximum EPF contribution by employees and employers is subject to a monthly salary limit of Rs. 15,000.

  • Frequency: The EPF contributions are made monthly and are credited to the employee's EPF account.

It is important for employees to understand the EPF contribution rules to plan their finances effectively.