It is a scheme for the benefit of employees,

In this scheme ,

  • Certain amount is deducted from employee salary .
  • Some amount is also contributed by Employer (Company)
  • Both Employer and Employee Contrubution is invested
  • Every year Interest is earned on amount Contributed.
  • Whole Amt (Employer+ Employee + Interest) is received later on retirement etc

 

Types of Provident Funds

It is of different types as mentioned below:-

  • Statutory PF
  • Recognized PF
  • Unrecognized PF
  • Public Provident Fund

 

 

  1. Income Tax
  2. Income from Salaries
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CA Maninder Singh
CA Maninder Singh is a Chartered Accountant for the past 8 years. He provides GST Training in Delhi. Register now.