A Provident Fund (PF) is a retirement savings scheme where employers and employees contribute a portion of the salary that can be withdrawn upon retirement or under specific circumstances.
The proposed changes to the Provident Fund outlined in the budget for FY 2024-25 do not require immediate adjustments to the payroll systems.
As admins, you can wait until the Employees' Provident Fund Organization (EPFO) provides additional guidance or updates to make any changes.
Click here to subscribe to our help videos
Related Links:
Video- To watch the video on Admin portal, click here.
FAQs: To read more about Budget changes for FY 2024-25, click here.
Documentation:To learn more about the recent Budget changes for FY 2024-25, click here.
Product Update- To read about the product update, click here.
Was this article helpful?
That’s Great!
Thank you for your feedback
Sorry! We couldn't be helpful
Thank you for your feedback
Feedback sent
We appreciate your effort and will try to fix the article