As part of our daily countdown to the Indian Budget 2026, this is the eighth blog in the series – Does PF really serve the purpose? Provident Fund was originally conceived as a social security mechanism to ensure financial stability for employees after retirement. However, in today’s evolving economic and employment landscape, one must ask: […]
We would like to bring your attention to the Provident Fund Act, a Central Government legislation that binds entrepreneurs who employ a specified number of employees. From an employee’s perspective, it serves as a Social Security Act, providing a lump sum amount upon retirement and continued pension funds for the unorganized and private sectors. Applicability: […]