EPF

PF is employee provident fund, or provident fund as it is normally retirement benefit scheme that is available to salary based employees. An amount (12%) is deducted from salary and contributed towards the fund. Provident fund is pension fund scheme. PF return is to provide employee with lump sum payments at the time of exit from their place of employment.

There are three schemes under PF Return-

1. The employees provident fund scheme, 1952

2.The employees family pension scheme, 1971

3.The employees deposit-linked insurance scheme, 1976

ESI

ESI Return is calculated at 1.75% on the gross salary of the employees whose salary is below rs. 10000 -/ per month and employer contributes 4.75%.