Explanation:

• The Employees’ Provident Fund (EPF) Scheme, 1952 is one of the three schemes framed under the Employees’ Provident Funds and Miscellaneous Provisions (EPF & MP) Act, 1952. The EPF Scheme, 1952 aims at providing social security to employees employed in an EPF covered establishment. Under the EPF, Scheme, 1952, an employee of any covered establishment drawing monthly wages up to Rs. 15,000 is statutorily required to join the fund and to contribute 12% of wages, which includes basic wages, dearness allowance and retaining allowance, if any. The employer is also required to contribute 12% of the wages. The Employees’ Provident Fund is managed by a Board of Trustees  consisting of  representatives from

• The wage ceiling for coverage under the EPF Scheme, 1952 is revised from time to time. Presently, it is Rs.15000/- per month since 01.09.2014.

Hence option 3rd is correct.