PF

Provident Fund

Mandatory retirement fund for employees, managed by EPFO.

What is PF?

PF deduction = 12% of basic + DA from employee + 12% from employer (= 24%). Employer's 12% includes 8.33% to EPS (pension) and 3.67% to PF. Mandatory for businesses with 20+ employees.

Who needs PF?

Employers with 20+ employees.