The Employees' Provident Fund (EPF) is a social security scheme in India, introduced in 1952 by the Government of India. It is a compulsory contributory scheme for employees in the organized sector. The EPF scheme is administered by the Employees' Provident Fund Organization (EPFO), an autonomous body under the Ministry of Labour and Employment, Government of India. The EPF scheme is divided into two parts - the Employees' Provident Fund and the Employees' Pension Scheme. The former is a contributory provident fund, while the latter is a defined benefit pension scheme.

EPF Employee Salary- The contributions payable by the employer and the employee under the scheme are 12% of PF wages. From the employer's share of contribution, 8.33% is contributed towards the Employees' Pension Scheme and the remaining 3.67% is contributed to the EPF Scheme.

Difference Between PF and EPF- PF is the popular name for EPF or Employees' Provident Fund. It is a government-established savings scheme for employees of the organized sector. The EPF interest rate is declared every year by the EPFO (Employees Provident Fund Organization) which is a statutory body under the Employees' Provident Fund Act, 1956.

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Reference Link epfindia.gov.in