Does every employee contribute to PF?

Created by Product Content Team, Modified on Fri, 15 Mar at 12:55 PM by Product Content Team


Employers typically provide employees with a Provident Fund (PF), a savings scheme that serves as a form of retirement savings and financial security.


According to the PF rules (as of 2004), all employees who draw a PF Basic of less than Rs 15000 have to contribute to PF. This is mandatory. For employees having PF Basic more than Rs 15000, the deduction/contribution will be on 15000. However in most companies, PF is applicable to all employees. There are exceptions (people who do not contribute) but these are few.


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