EPFO comes under the control of the Ministry of Labour and Employment Government of India. Public Provident Fund NPF National Provident Fund home loan etc.
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. The Mandatory Provident Fund Chinese. 強制性公積金 often abbreviated as MPF 強積金 is a compulsory saving scheme pension fund for the retirement of residents in Hong KongMost employees and their employers are required to contribute monthly to mandatory provident fund schemes provided by approved private organisations according to their salaries and the period. It came into force by Employee Provident Fund and Miscellaneous Provision Act 1952.
Employees Provident Fund Organisation EPFO was established by an act of Parliament of India to provide social security to workers working in India. Get an instant free quote today. It is applicable to every establishment which is a factory engaged in any industry specified in Schedule I and in which 20 or more persons are employed.
Provident fund is governed by the Employees Provident Funds and Miscellaneous Provisions Act 1952 EPF MP Act 1952. It extends to whole of India except the state of Jammu and Kashmir. The life insurance tax benefits are in accordance to Section 80C of the Income Tax Act.
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