Ministry of Labour & Employment
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Employees’ Provident Fund Scheme

Posted On: 24 JUL 2023 4:13PM by PIB Delhi

The Employees’ Provident Fund (EPF) Scheme, 1952 is one of the three schemes framed under the Employees’ Provident Funds and Miscellaneous Provisions (EPF & MP) Act, 1952. The EPF Scheme, 1952 aims at providing social security to employees employed in an EPF covered establishment. Under the EPF, Scheme, 1952, an employee of any covered establishment drawing monthly wages up to Rs. 15,000 is statutorily required to join the fund and to contribute 12% of wages, which includes basic wages, dearness allowance and retaining allowance, if any. The employer is also required to contribute 12% of the wages. The Employees’ Provident Fund is managed by a Board of Trustees  consisting of  representatives from

Central Government, employers, employees and State Governments. A member of the EPF Scheme, 1952 is entitled to the benefit of withdrawal and advance for various purposes (viz. for purchase/construction of dwelling house, illness, education, marriage, Covid-19, etc.) from the EPF as per the provisions contained in the said scheme. A member is also entitled for credit of interest on his/her PF accumulations each year.

The State/UT-wise (including details of Badaun and Prayagraj districts of Uttar Pradesh and Ratnagiri and Sindhudurg Districts of Maharashtra) details of employees (Universal Account Numbers contributing atleast once during last one year from Wage month July, 2022 to June, 2023 and not exited) contributing in EPF on regular basis are at Annexure.

The wage ceiling for coverage under the EPF Scheme, 1952 is revised from time to time. Presently, it is Rs.15000/- per month since 01.09.2014.

As per paragraph 72(6) of the EPF Scheme 1952, certain accounts are classified as Inoperative Accounts. All such Inoperative Accounts, however, have definite claimants. As on 31.03.2022, the total amount in Inoperative Accounts is Rs. 4962.70 crore.

 

ANNEXURE

ANNEXURE REFERRED TO IN REPLY TO PARTS (b) & (c) OF LOK SABHA UNSTARRED QUESTION NO. 586 TO BE ANSWERED ON 24.07.2023 BY DR. SANGHMITRA MAURYA, SHRI SANJAY JADHAV, SHRIMATI KESHARI DEVI PATEL REGARDING ‘EPF SCHEME’

 

State/UT-wise (including details of Badaun and Prayagraj districts of Uttar Pradesh and Ratnagiri and Sindhudurg districts of Maharashtra) details of employees (Universal Account Numbers contributing atleast once during last one year from Wage month July, 2022 to June, 2023 and not exited) contributing in EPF on regular basis.

Sl. No.

State/UT

Employees

1

ANDAMAN AND NICOBAR ISLANDS

20240

2

ANDHRA PRADESH

1500966

3

ARUNACHAL PRADESH

11642

4

ASSAM

361954

5

BIHAR

1163720

6

CHANDIGARH

594835

7

CHATTISGARH

656683

8

DADRA AND NAGAR HAVELI

165025

9

DAMAN AND DIU

109811

10

DELHI

4007063

11

GOA

250279

12

GUJARAT

4187709

13

HARYANA

3617407

14

HIMACHAL PRADESH

435518

15

JAMMU AND KASHMIR

194754

16

JHARKHAND

690022

17

KARNATAKA

7537917

18

KERALA

1249560

19

LADAKH

2356

20

LAKSHADWEEP

40

21

MADHYA PRADESH

1453179

22

MAHARASHTRA

13431905

Ratnagiri (37782)  & Sindhudurg (8422)

23

MANIPUR

16924

24

MEGHALAYA

41049

25

MIZORAM

4234

26

NAGALAND

11224

27

ODISHA

1091497

28

PUDUCHERRY

132719

29

PUNJAB

851871

30

RAJASTHAN

1725304

31

SIKKIM

30711

32

TAMIL NADU

6530368

33

TELANGANA

3966619

34

TRIPURA

33572

35

UTTAR PRADESH

3145415

Badaun(4287) & Prayagraj(76790)

36

UTTARAKHAND

734969

37

WEST BENGAL

3264085

 

Total

63223146

 

This information was given by Union Minister of State for Labour and Employment Shri. Rameshwar Teli in a written reply in the Lok Sabha.

***

 

MJPS/NSK



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