Explained: What is Provident Fund (PF) & Employees Provident Fund (EPF) [Whiteboad Friday]
Provident Fund (PF) & Employees Provident Fund (EPF) is a created for the welfare of the employees for post retirement.
In this episode of eLagaan Whiteboard Friday, the eLagaan team discusses basic concept behind PF/EPF. Who is the PF/EPF registration for and when do companies need to get it (its required by labor law). What is the contribution that the employer has to make. The video also talks about when the PF returns has to be filed & when the PF payments has to be made. This license should be taken seriously as any non compliance on this can have big consequences.
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