Employee Provident Fund
Employee Provident Fund (EPF) is regulated by Employees’
Provident Fund Organisation (EPFO) under the Employees. Provident Funds and Miscellaneous Provisions Act,
1952. Registration under EPFO is applicable to all companies. Employing more than 20 people, under EPF
scheme, an employee has to pay a certain contribution towards the scheme and an equal contribution is
paid by the employer. The employee gets a total amount including employee and employer’s contribution
with interest, on retirement or resignation after satisfying certain conditions.