Question 1

The Employees Provident Fund Act was enacted in which year?

Accepted Answer

1952. The Employees Provident Fund Act, 1952 established the Employees Provident Fund, a retirement and social security scheme for workers in organized sectors.

Question 2

What is the contribution rate for Employees Provident Fund by employer and employee combined?

Accepted Answer

24%. The total contribution to the Employees Provident Fund is 24% of basic wages, with employer and employee each contributing 12%, subject to wage ceiling limits.

Question 3

The Employees Provident Fund Act was enacted in which year?

Accepted Answer

1952. The Employees Provident Fund Act, 1952 established the Employees Provident Fund, a retirement and social security scheme for workers in organized sectors.

Question 4

What is the contribution rate for Employees Provident Fund by employer and employee combined?

Accepted Answer

24%. The total contribution to the Employees Provident Fund is 24% of basic wages, with employer and employee each contributing 12%, subject to wage ceiling limits.

Question 5

The Employees Provident Fund Act was enacted in which year?

Accepted Answer

1952. The Employees Provident Fund Act, 1952 established the Employees Provident Fund, a retirement and social security scheme for workers in organized sectors.

ESI Act & ESIC — Set 1