What is EPF?

EPF stands for Employee Provident Fund. It is a government-backed retirement savings scheme where both you and your employer contribute a portion of your salary every month. The balance grows tax-free and can be withdrawn at retirement or under specific conditions.

EPF full form

EPF = Employee Provident Fund. It is managed by the Employees’ Provident Fund Organisation (EPFO).

How much is deducted for EPF?

You contribute 12% of basic salary; your employer contributes 12% (part goes to EPF, part to EPS). There is a cap on the employer side for basic above ₹15,000. Your salary slip shows “PF” or “EPF” as a deduction.

Why EPF matters for salary calculation

EPF reduces your taxable income and your in-hand. When you convert CTC to in-hand, EPF (employee + employer) is part of the structure. Use a salary calculator to see exact EPF and take-home.