Employee Provident Fund Scheme is one of the most beneficial schemes designed by the Ministry of Labour for employees. It is one of the top retirement funds available. It's a type of savings account in which the firm and the employee both contribute an equal amount on a regular basis. Such donations can only be made by registered employers and registered employers' employees. EPF registration can be required by law or optional. EPF laws are governed by the Employees' Provident Funds and Miscellaneous Provisions Act of 1952. (PF Act).
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