What is ER Balance in PF?

PF or Provident Fund is nothing but a government scheme that helps an individual to save money for themselves and use it mainly after retirement. If you are doing a job you must already be knowing what is ER balance in PF and also EE. If not let me tell you that in the PF both the employee and employer contributes money. So if you are contributing Rs 2,000, your employer will contribute the same amount that is Rs, 2,000. ER is the employer's contribution and EE is the employee's contribution.

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EE balance denotes Employee PF Contribution and ER balance means the Employer PF Contribution.

One can withdraw 90% of their PF balance one year before their retirement. If one tries to withdraw the money earlier, he or she can withdraw about 75% of the amount and als needs to pay some charges for it.

One can withdraw 100% EPF (Employee Provident Fund) only after 2 months of unemployment or retirement. No tax egts levied on the amount deposited in this PF account as it comes under the EEE- Exempt on Investment, Exempted Interest and Exempt on Maturity.

I hope these details are enough to answer your query what is ER balance in PF.

"ER" in EPF stands for "Employer’s Contribution." When you have an EPF account, both you and your employer contribute a percentage of your salary to it. Your share is called "EE" (Employee’s Contribution), and your employer’s share is "ER. I hope you understand now what is the ER full form in EPF. Let me share some more details on this topic here.

What is ER in PF Full Form?

ER full form, as I mentioned, refers to the Employer’s Contribution. The total EPF deduction from your salary is 12%. This percentage is again divided as: Employee Contribution: 12% of your basic salary + dearness allowance is deducted from your salary. The employer contribution of 8.33% goes towards the Employees' Pension Scheme (EPS) and 3.67% goes towards the Employees' Provident Fund (EPF).

How to Calculate er in PF?

To calculate ER (Employer’s Contribution) in PF, first, take 12% of the employee’s basic salary + dearness allowance as the total PF contribution. Out of this, 8.33% goes to EPS (Pension) (which is around Rs 1,250 if the salary is above Rs 15,000), and the remaining goes to EPF.

Example:

If the basic salary is Rs 20,000:

1. EE (Employee Contribution): 12% of Rs 20,000 = Rs 2,400

2. ER (Employer Contribution):

3. EPS: Rs 1,250 (maximum)

4. EPF: Rs 2,400 - Rs 1,250 = Rs 1,150

5. Total PF Deposit (EE + ER): Rs 4,800

It is, however, better that you re-check these amounts with your employer and be sure about the deductions.

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If you are wondering what is ER balance meaning, let me tell you that ER balance is nothing but the contribution of the employer in your PF balance. The employee contribution or EE balance and ER balance make up the entire PF balance.

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If you add the EE and ER balances in PF, which stand for "Employee PF Contribution" and "Employer PF Contribution," respectively, you will know your account's entire PF balance.

Total ER balance meaning

Employee and employer both contribute to the PF on a monthly basis; the employee contributes 12% of his base income and the employer contributes 3.67% of their own funds. The employee PF account will receive these two sums as deposits.

Here is an example:

Can We Withdraw ER Balance?

Now that you know what PF ER balance means, you should also know if we can withdraw ER balance. 

You may withdraw both the employer and employee halves of your PF contributions. These sums may be withdrawn in two different ways.

If you're still employed, you can ask for a PF advance by completing Form 31 (PF advance claim), and if you've quit your employment, you can withdraw your entire PF balance by submitting Form 19 (PF withdrawal).

Depending on the reason for the PF advance, you may be able to withdraw a certain amount of the advance.  In contrast, if you quit your job, you can withdraw your whole PF balance two months following your final day of employment.

ER Balance Withdrawal Limit for Various PF Advance Reasons

I hope this explains to you

ER balance meaning.

After my first job selection, my HR explained to me my salary, my ER in PF, my insurance deduction, and more. These terms are very important, and everyone should be aware of them. EPF stands for Employee’s Provident Fund, and under this scheme, an employee has to pay a certain amount of money, the same as what the employer pays. The ER full form in PF is Employer Contribution in EPF. So suppose you are the employee and you pay Rs 1800; your employer will also pay Rs 1800 only. Let me elaborate a bit about this topic.

EE stands for the amount that the employee pays, and ER stands for the amount that the employer pays. Remember that both the amount paid by the employee and the employer are the same. When you withdraw your PF account’s balance, you get the entire amount, i.e., the amount you paid and the amount paid by your employer as well. What ER means in PF must be clear to you by now.

It is possible to transfer both the EE and ER amounts online from your previous company to a new one through the UAN portal. In fact, it is a must. Just log in to the

and proceed. 

So this is the meaning and

ER full form in PF.