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Gopika Juneja, Lovely Professional University Unit 11: Employees’ Provident Fund Act, 1952

Unit 11: Employees’ Provident Fund Act, 1952 Notes

CONTENTS

Objectives
Introduction
11.1 Genesis of the Act
11.1.1 Object of the Act
11.1.2 Applicability of the Act
11.1.3 Administration

11.2 Definitions
11.3 The Employees’ Pension Scheme, 1995
11.3.1 Membership
11.3.2 Option Requirement
11.3.3 Contribution

11.3.4 Service for Pension
11.3.5 Determination of Pensionable Salary
11.3.6 Benefits
11.3.7 Commutation of Pension
11.3.8 Withdrawal Benefits
11.3.9 Administration

11.4 The Employees’ Provident Fund Scheme, 1952
11.4.1 EPF Interest Rate
11.4.2 Withdrawals
11.4.3 Nomination
11.4.4 Transfer

11.4.5 Account Slip
11.4.6 Exemption
11.5 The Employees’ Deposit-Linked Insurance Scheme, 1976
11.6 Determination and Recovery of Money due to Employer
11.6.1 Determination of Money due to Employer
11.6.2 Recovery of Money due to Employer and Contractor

11.7 Penalties under this Act
11.8 Summary
11.9 Keywords
11.10 Review Questions

11.11 Further Readings

LOVELY PROFESSIONAL UNIVERSITY 179