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Pf and epf

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(Querist)
21 July 2014 dear sir what is pf and epf?wht is thae rate for pf and epf?if we want to withdraw wht is the basis amount will be credited in our account?
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
21 July 2014

Povident fund:- Employee 12% Employer 3.67%
Emp.pension fund:-Employee 0% Employer 8.33%

The ceiling for salary for calculation of above will be Rs.6,500.
After retirement Provident fund will be received in lump sum and for Epf contribution pension will be paid monthly.
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