EPF is the main scheme under the Employees’ Provident Funds and Miscellaneous Provisions Act, 1952. The scheme is managed under the aegis of Employees’ Provident Fund Organisation (EPFO).Employees drawing less than Rs 15,000 per month have to mandatorily become members of the EPF
The Employees’ Provident Fund Organisation (EPFO) is the regulatory body under the jurisdiction of Ministry of Labour and Employment, Government of India that is responsible for regulation and management of provident funds in India. The EPFO administers the compulsory provident fund for the Indian workforce.