No, EPS and EPF are not the same, however, they are often confused with one another. Employee Provident Fund (EPF) is mandatory for salaried individuals working in an organization employing 20 or more people. EPS (Employee Pension Scheme) is a part of the EPF and is designed to provide pension to EPF subscribers after retirement. The contribution made by the employee and the employees go toward the EPF scheme. Following further bifurcation, a portion of the total EPF contribution goes into the EPS scheme.