Concept of Employees’ Provident Fund

Representatives' Provident Fund is a legal advantage payable to representatives working in India. The Employees' Provident Funds and Miscellaneous Provisions Act, 1952 ("Act") is material dish India. The organization and the executives of Employees' Provident Fund (EPF) is done by the Central Board of Trustees (CBT) set up by the Central Government comprising of agents of the Government, managers and workers separately. The Employees' Provident Fund Organization (EPFO) helps this Board in its exercises.   Idea of Employees' Provident Fund   EPF is a government assistance plot brought into power to get a superior future for representatives. It is a legal advantage accessible to the workers post retirement or when they leave the administrations. If there should arise an occurrence of perished representatives, their wards will be entitled for the advantages. Under the Employees' Provident Fund Scheme (EPFScheme) the two bosses and representatives ne...