Provident Fund (PF)

The Employees' Provident Fund (EPF) is a retirement benefits scheme managed by the Employees' Provident Fund Organisation (EPFO). It is one of the most important statutory compliance requirements for employers in India.

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Quick Facts

  • ✓PF is mandatory for establishments with 20 or more employees
  • ✓Both employer and employee contribute 12% of basic salary + DA
  • ✓EPFO manages the PF scheme under the EPF & MP Act, 1952
  • ✓UAN (Universal Account Number) is unique for each employee
  • ✓PF can be withdrawn for specific purposes like retirement, home loan, medical emergency
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Official Resources

Disclaimer

This content is for informational purposes only and does not constitute legal advice. Laws and regulations may change. Please verify details from official government sources or consult a qualified professional.