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A workplace that provides its employees a sense of satisfaction and stability is a healthy work place. Employee’s Provident Fund (EPF) is a powerful tool which safeguards an employee’s future. It is a retirement corpus in which the employee and employer makes equal contribution to build a safety net for the employee. Every company with human resource strength of more than 20 people needs to register for EPF.
A monthly return as to the number of employees and the amount of PF contribution is to be made to the EPF department.