What is Provident Fund (P.F)
1. What is the Employee Provident Fund? The Employee Provident Fund (EPF) is a plan that assists individuals with setting aside an adequate corpus for retirement. The arrangement was presented with the Employees' Provident Funds Act in 1952 and is today overseen by the Employees' Provident Fund Organization (EPFO). In this plan, a representative needs to contribute 12% of their fundamental pay towards the asset consistently. The business coordinates with this sum with an equivalent commitment. At the point when you resign, you get the aggregate sum (individual just as the business' commitment) as a singular amount alongside interest. The EPF is viewed as a generally safe venture as the Government of India oversees it and guarantees a fixed pace of return. Organizations with at least 20 representatives should keep up EPF represents their workers. A few organizations with less than 20 workers additionally receive the EPF plot. We will talk about...