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- Employee’s Contribution: 8% of the total monthly earnings (To be deducted from the employee’s salary/wage). Employer’s Contribution: An amount equivalent to 12% of total monthly income of the employee (To be paid totally by the Employer). Total Contribution per Employee: 20% of the employee’s total monthly earnings.
The Employees’ Provident Fund (EPF) was established under the EPF Act No.15 of 1958 (Act) as a mandatory defined contribution retirement scheme for the private and semi-government sector employees who do not enjoy pension benefits.
The Employees Provident Fund (EPF) was established under the Act No. 15 of 1958 and is currently the largest Social Security Scheme in Sri Lanka. With a current asset base. Read More
EPF contribution remittances through cash or cheque are accepted at all branches of the People’s Bank. To make the contributions, Employer has to submit duly completed Form “C” which consists of the reference number along with EPF cheque/cash slip to the People’s Bank Branch.
Financial highlights of the Employees’ Provident Fund (EPF) for the year ended 31st December 2021 and key performance indicators are disclosed below for the information of the general public.
Calculate Employee and Employer Employees Provident Fund (Epf) Contributions in Sri Lanka with the 2024 Employees Provident Fund (Epf) Calculator. Simply enter a salary to calculate employee and employer contributions for employees provident fund (epf) with visual overviews for easy comparison.
May 21, 2021 · Submission of employees’ contribution details and payment of EPF contributions can be done online and as direct debit payments at any branch of Commercial Bank, Sampath Bank, Hatton National Bank, Bank of Ceylon, People’s Bank, Seylan Bank, National Development
The primary objective of the EPF is to ensure the social security of Sri Lanka by providing financial stability to employees during their retirement. As per the Employees’ Provident Fund Act, employees are required to contribute a minimum of 8%, and employers are obligated to contribute a minimum of 12% of the total earnings of the employees ...
