EPF Wages Means – Must Know by EPFO Member

As you already might be a retired or working individual who is registered with EPF scheme, then you might have seen about EPF wages means in your EPF passbook, which might sometimes confuse you right?

Sometimes people confuse about what is EPF wages to the EPF funds being deducted, but it is totally different. In this article we will simply help you understand what is EPF wages in passbook and go through some of the meaning, definitions to help you.

EPF Wages Means

The record of an employee’s salary or wages that is used to calculate their contribution to the Employees Provident Fund (EPF) that is kept in their EPF passbook is referred to as EPF wages in the passbook.

The employee can access their EPF passbook online by logging into the EPFO portal using their UAN login and password. This will allow them to view their contribution history, check their current balance, and download their passbook.

EPF Wages in Passbook

The employee’s personal information, contribution history, and current account balance are all displayed in the EPF passbook.

• It also includes the employee’s earnings, which are used to calculate the employee’s EPF contribution.
• This includes the basic salary, DA, and cash value of food concessions.
• Other allowances, such as house rent allowance (HRA), travel allowance, and so on aren’t included.

The passbook also shows the employer’s contributions, which are matched by the employee, as well as any interest earned on the contributions, in addition to the employee’s wages.