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Employee Provident Fund Scheme is one of the most helpful schemes for employees created by the Ministry of Labour. It is one of the best retirement funds available. It is a form of savings account in which both the company and the employee contribute an equal amount on a regular basis. According to the PF Act, any company/organization that employs more than 20 people, including contract employees, is required to register with the PF Act. Once the PF Act becomes applicable, the employer organization is subject to its provisions even if the number of employees falls below 20 at any point. Furthermore, it does not apply to all employees of the registered establishment. The Employees' Provident Fund Organisation (EPFO) administers and manages the PF Fund on behalf of the Central Board of Trustees, EPF, a statutory body established by the PF Act.


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