Provident Fund: A welfare scheme for Employees

Every working individual knows about the CTC (cost to the company) as salary, and some people don't worry about various deductions after seeing them in CTC. Still, some become skeptical after seeing that a chunk of the salary will be deducted as Provident Fund (PF) or EPF (Employees Provident Fund).

source https://www.caclubindia.com/articles/provident-fund-welfare-scheme-for-employees-47461.asp

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