The Employees' Provident Fund (EPF) is a key part of retirement savings for millions of salaried individuals in India. Every month, a portion of an employee's salary, 12% of basic pay and dearness allowance (DA), is contributed to the EPF account. The employer also contributes an equal amount, but not all of it goes directly into your PF corpus.
Understanding how to check your employer's actual contribution can help you keep tabs on your retirement savings and ensure transparency. You can also rectify any errors or discrepancies in the amount contributed by your employer every month.
Understanding The Employer's Contribution
Out of the 12% that your employer contributes:
8.33% goes to the Employees' Pension Scheme (EPS), up to a maximum of Rs 1,250 per month.
The remaining 3.67% goes into your EPF account.
Apart from this, employers also pay administration charges, but those are not reflected in your EPF balance.
How To Check Employer's Contribution Online
Many of us go months without checking how much money has been deposited into our Provident Fund (PF) account. In fact, we often don't even take the time to quickly log in to the EPFO website. In such a situation, how can you be sure that your employer is regularly depositing money into your EPF account?
The way to find out is by checking your EPF passbook. This passbook contains detailed information about the contributions made, including when and how much was deposited. You can access this information through the EPFO portal by following a few simple steps.
Visit the official EPFO portal at https://www.epfindia.gov.in/site_en/index.php
Make sure your Universal Account Number (UAN) is activated.
On the homepage, navigate to the ‘Services' tab and choose the ‘For Employees' option from the dropdown menu.
Under the ‘Services' section, click on ‘Member Passbook'.
You'll be redirected to a new page where you need to log in using your UAN and password.
Enter the captcha and click on ‘Login'.
Once logged in, select your Member ID.
Your EPF passbook will be displayed, showing your total balance, along with a breakdown of employee and employer contributions, the establishment ID, office name, and deposit history.
Why It's Important To Check Employer's Contribution
Transparency: Ensures your employer is depositing contributions on time.
Tax planning: Helps you calculate your total annual EPF contribution for tax exemption.
Retirement planning: Gives you a clearer picture of how your PF corpus is growing over time.
Job switches: Helps you track multiple PF accounts if you've switched jobs.
What To Do If Contributions Are Missing
If you notice missing or delayed contributions:
Reach out to your HR team for clarification.
If not resolved, you can file a complaint online at https://epfigms.gov.in
Alternatively, call the EPFO helpdesk or visit the nearest regional office to lodge a complaint.
Monitoring your employer's contribution to your EPF account is a good financial habit. Regular checks ensure your retirement fund is on track, and your employer is playing their part.
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