Definition - Employees Provident Fund & Miscellaneous Provision Act(1952), Industrial Laws Video Lecture | Industrial Laws - B Com

hello friends in this video I am going
to discuss Employees Provident Fund Act
1952 Employees Provident Fund and
miscellaneous provisions Act 1952 is a
highly beneficial esteem for an employee
that provides pension funds and deposit
link in the insurance fund to the
employees in their factories and other
establishments there is an institution
of Provident funds that looks after all
these this Act extends to the whole of
India except the state of Jammu and
Kashmir so let's understand the Act
first what he is employed Provident Fund
Act it is a legal provision and a scheme
applicable to all factories and other
such establishments especially which has
20 or more employees next what are the
beneficial skins under this Act along
with the Employees Provident Fund scheme
1952 following you are also important
employees Spencer asked in 1995 and
employees deposit link insurance 1976
now the next question is who are
eligible and employ right from the first
day of his joining is eligible for this
of key however the employee whose wages
is 6500 is Elizabeth to participate in
this key next question is what is the
contribution of scheme under this act
under the excuse me 12%
of the basic plus da is deducted from
the employees salary in addition to this
employer also need to contribute 12%
which is deposited as 8.50 percent in
pension fund and 3.67 percent in
Provident Fund now the next question is
what are the benefits of this scheme for
employees following are the important
benefits for the employee that is
Provident Fund benefits pension benefits
and the benefits so this is all about
the Employees Provident Fund Act 1952
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