Tell me about epfo act.

Question

Accepted Answer

EPFO Act is a social security legislation that provides retirement, pension, and insurance benefits to employees.

EPFO Act stands for Employees' Provident Fund and Miscellaneous Provisions Act, 1952.
It is applicable to all establishments with 20 or more employees.
Under this act, both the employer and employee contribute a certain percentage of the employee's salary towards the provident fund.
The act also provides for pension and insurance benefits to employees.
EPFO is the regulatory body that oversees the implementation of this act.
The act has undergone several amendments over the years to keep up with changing times and needs of employees.

Accepted Answer

EPFO Act is Employee Banefit saved employee phund and pension after retirement benifit of employees .

EPFO is the regulatory body that oversees the implementation of this act.

The act has undergone several amendments over the years to keep up with changing times and needs of employees.

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