The contributions payable by the employer in each month under the provisions of the Employee’s Provident Funds and Miscellaneous Provisions Act, 1952 and the Employee’s Provident Fund Scheme, 1952, a part of contribution representing 8.33 per cent of the Employee's pay shall be remitted by the employer to the Employees' Pension fund within 15 days of the close of every month by a separate bank draft or cheque or online transfer on account of the Employees' Pension Fund contribution in such manner as may be specified in this behalf by the Commissioner. The cost of the remittance, if any, shall be borne by the employer.
The Central Government shall also contribute at the rate of 1.16 per cent of the pay of the employee of the Employees' Pension Scheme and credit the contribution to the Employees' Pension Fund Scheme.
The declaration and nomination is to be submitted in the Form 2. From 2 has three sections namely General Information, Part A (EPF) and Part B (EPS) Para 18.