What is contribution of PF

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Accepted Answer

The contribution of PF refers to the amount of money that is contributed by both the employer and the employee towards the employee's Provident Fund account.

PF stands for Provident Fund, which is a retirement savings scheme in India.
Both the employer and the employee make contributions to the PF account.
The contribution is a percentage of the employee's salary.
The employer's contribution is usually higher than the employee's contribution.
The contributions are deducted from the employee's salary and deposited into the PF account.
The accumulated funds in the PF account can be withdrawn by the employee upon retirement or resignation.
The PF contribution helps employees build a financial cushion for their future.
Example: If an employee's salary is Rs. 50,000 per month and the PF contribution rate is 12%, the employee's monthly PF contribution would be Rs. 6,000.

What is contribution of PF

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