Understanding The Employees’ Provident Fund Act, 1952: Key Provisions & Employer Responsibilities

One of the goals of working-class people is to secure their futures financially so that they can live peacefully in old age. And one of the ways of doing so is by establishing an Employee Provident Fund, which is an arrangement wherein a certain amount is contributed by both, the employer and the employee, accessible after one’s retirement.

The Legislation of India recognises the significance these funds hold and hence created and passed the Employees’ Provident Fund and Miscellaneous Provisions Act of 1952, also called the EPF Act, managed by the Employees’ Provident Fund Organisation (EPFO) under the Ministry of Labour & Employment. The act was created to provide security to employees in the form of financial stability in an orderly and organised manner. For more Info :https://www.jaagrukbharat.com/provident-fund-act-1952-10610455


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