What is the current interest rate offered on EPF deposits?

8.15% p.a. 7.5% p.a. 9.0% p.a. 8.75% p.a.

What is the main purpose of the Employees' Provident Fund (EPF)?

To encourage employees to save for retirement To provide health insurance to employees To fund employee training programs To provide short-term loans to employees

What percentage of an employee's basic salary and dearness allowance is contributed towards EPF by both the employee and employer?

10% 12% 15% 20%

Which of the following is NOT a scheme offered under EPFO?

Employees' Provident Funds Scheme 1952 (EPF) Employees' Pension Scheme 1995 (EPS) National Pension Scheme (NPS) Employees' Deposit Linked Insurance Scheme 1976 (EDLI)

What is the 12-digit number assigned to each EPF member called?

PAN Aadhaar UAN PF Number

Under which section of the Indian Income Tax Act is an employee's contribution towards their PF account eligible for tax exemption?

Section 80C Section 80D Section 80G Section 80TTA

What is the minimum number of employees an organization must have to be liable to extend the benefits of EPF to its employees?

10 15 20 25

Which of the following is NOT a valid reason for complete withdrawal of EPF?

On retirement Unemployment period extending more than two months Switching from one profession to another with a job gap of more than two months Marriage

What is the primary function of the EPF calculator?

To calculate the monthly interest earned on EPF deposits To estimate the lump-sum amount available at retirement To determine the tax liability on EPF withdrawals To track the status of EPF transfer requests

Which form is required for nominating and declaring beneficiaries for both EPF and EPS?

Form 2 Form 5 Form 10C Form 19