- Mandatory Registration: Establishments with >20 workers must register with EPFO.
- EPF Scheme:
- Workers (salary up to Rs. 15,000) contribute 12% of basic salary.
- Employer contributes matching amount.
- Provides a retirement savings fund.
- EPS Scheme:
- Provides pension after retirement (age 58).
- Employer contributes 8.33% of basic salary to EPS.
- Government of India contributes 1.16%.
- Ensures old age security.