What is the role of the employer in EPF contributions?

The role of the employer in EPF (Employees' Provident Fund) contributions is primarily to match employee contributions and remit them to the EPFO (Employees' Provident Fund Organisation). This means that for every contribution an employee makes to their EPF account, the employer is legally required to contribute an equivalent amount, thereby promoting savings for the employees' future.

This matching contribution is essential because it enhances the overall savings that employees accumulate over time, incentivizing both parties to participate in the provident fund scheme. The employer's responsibility includes not only making this matching contribution but also ensuring that both the employee's and employer's contributions are remitted to the EPFO in a timely manner.

This collaborative effort between employer and employee strengthens the social security framework and aids in building financial stability for employees upon retirement. Other roles, such as advising employees on withdrawals or providing account statements, may also be important but do not capture the primary financial responsibility of the employer in the context of EPF contributions.