MaX
Lv 7
MaX asked in Business & FinanceTaxesIndia · 9 years ago

Difference between EPF and GPF?

I know that EPF and GPF are mostly for central Government employees, but what is the difference between

- Employees Provident Fund (EPF) and

- General Provident Fund (GPF)?

1 Answer

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  • RM
    Lv 4
    9 years ago
    Favorite Answer

    GPF relates to Govt Employees. In the GPF 12% of the salary is deducted by the Government and there is no govt contribution.

    EPF is a schme for non Government employees. This is also applicable to employees of PSU. here 12% is contributed by deduction form the employee salary nad similar contribution is from employer. However *8%of the basic or Rs 541 which ever is Higher from the employer Contribution is transferred to Employee Pension Scheme, This amount is kept With Employee provident Fund Organisation or trusts approved by the EPFO

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