PF is one of the main platform of savings in India for nearly all people working in Government, Private or Public sector organizations. It is implemented by the Employees Provident Fund Organization (EPFO) of India. Registration has to be done within One month from the date of hiring 20 employees.

Provident Fund PF is largely an employee benefit scheme prescribed by Government which provides facilities to the employees of an organization with regard to medical assistance, retirement, education of children, insurance support and housing. It is created with the purpose to provide financial security and stability to employees.

The PF contribution by an employer will be tax-free and the amount including interest will be exempt from tax on withdrawal after a specific period. Organizations can also enroll themselves voluntarily under PF laws. Any delay may result in a penalty.

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