PF

“Under the Employees Provident Fund and Miscellaneous Provisions Act, 1952, every establishment with 20 or more employees must register for the Employees’ Provident Fund Scheme. Once registered, the employer is required to contribute a required amount as per the statute of the employee’s salary to the EPF account, and the employer also makes a matching contribution. The EPF registration is mandatory to ensure social security and retirement benefits for employees.”