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    Question

    What percentage from the employer’s contribution towards EPF is directed towards Employees’ Pension Scheme?

    A 3.67% Correct Answer Incorrect Answer
    B 6.33% Correct Answer Incorrect Answer
    C 8.33% Correct Answer Incorrect Answer
    D 10.33% Correct Answer Incorrect Answer
    E As decided by the employee Correct Answer Incorrect Answer

    Solution

    Employee Provident Fund (EPF) is a retirement benefit scheme maintained by the Employees’ Provident Fund Organization (EPFO). The employee and the employer contribute to the EPF scheme on monthly basis in equal proportions of 12% of the basic salary and dearness allowance. Out of the employer’s contribution, 8.33% is directed towards the Employee Pension Scheme (EPS), 0.50% towards Employees’ Deposit-linked Insurance scheme (EDLI) and the remaining is retained in EPF.

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