Salary of minimum wages employees after EPF and ESI deduction || କଟିକି କେତେ ମିଳିବ ?

Our Telegram Group Link :- www.youtube.co...
Before we talk about the applicability, it is crucial to understand what exactly PF is. It is a retirement saving scheme where employees save a part of their salary for their retirement.
The scheme is designed to encourage long-term savings and provide financial security to employees during their post-retirement years.
In a provident fund scheme, a portion of the employee's salary is deducted every month and contributed to the fund, along with a matching contribution from the employer.
The funds are then invested in various financial instruments such as stocks, bonds, and other securities to generate returns.
The accumulated funds, including the returns on investment, are paid out to the employee upon retirement or termination of employment.
The amount of contribution to the PF is usually a fixed percentage of the employee's salary, and the contributions are tax-deductible up to a certain limit, which varies by country.
In addition to retirement benefits, some provident fund schemes may also offer other benefits such as medical insurance, disability benefits, and housing loans.
Government bodies or financial regulatory authorities typically oversee the management and regulation of provident funds.
The rules and regulations governing PFs vary by country and can be complex. Hence, employees need to understand the terms and conditions of the scheme offered by their employer before enrolling.