Employee 12% of basic + DA. Employer 12% (8.33% to EPS pension, 3.67% to EPF). Annual interest credited to balance (current ~8.25%). Tax-free withdrawal after 5 years.
Current EPF interest rate?+
8.25% per year (FY 2024-25), declared annually by EPFO. Compounded yearly. Higher than most fixed deposits. Tax-free if withdrawn after 5 years of service.
When can I withdraw EPF?+
After retirement (58 years). After 2 months unemployed. For specific reasons: medical, education, marriage, home purchase. Partial withdrawal allowed.
EPF withdrawal taxation?+
Tax-free if 5+ years service. Otherwise, withdrawal taxed: TDS 10% if PAN linked, 30% without PAN. Pension portion always tax-free.
EPF transfer when changing job?+
Auto-transfer if UAN active. Otherwise apply via EPFO portal Form 13. Don't withdraw old EPF - transfer for compounding benefit. Loses interest if dormant.
How to check EPF balance?+
EPFO portal: passbook.epfindia.gov.in. UMANG app. Missed call: 9966044425. SMS: EPFOHO UAN ENG to 7738299899. Need active UAN with mobile linked.
What is UAN number?+
Universal Account Number - 12 digits assigned for life. Links all your EPF accounts across employers. Activate at unifiedportal-mem.epfindia.gov.in.
EPS pension calculation?+
Eligible after 10 years service. Pension = (Pensionable Salary × Service) / 70. Max pension: ₹7,500/month. Apply at EPFO 3 months before retirement.