GPF for government employees and EPF for all

Q.  Which of the following is/are true?

1) The General Provident Fund is mandatory for all organizations with 20 or more employees.
2) The Employees’ Provident Fund is offered to government employees only.
- Published on 23 Feb 16

a. Only 1
b. Only 2
c. Both 1 and 2
d. Neither 1 nor 2

ANSWER: Neither 1 nor 2
 
  • The GPF is offered to government employees, while EPF benefits are mandatory for all organizations with 20 or more employees earning up to Rs. 15,000 a month.
  • Those earning over the Rs.15,000 ceiling can contribute to EPF on a voluntary basis.
  • The EPF schemes cover Indian workers as well as International workers (for countries with which bilateral agreements have been signed. As of now 14 Social Security Agreements are operational).

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