How Provident Fund is taxed: All you need to know
Attribution of Losses and Transfer Pricing Woes
August 3, 2020Centre may extend deadline to avail Rs 3 lakh crore emergency credit facility
August 4, 2020Provident Fund (PF) is a retirement-cum-savings scheme introduced by the Central Government considering the long term/retirement needs of the population. India is designed as a welfare state. However, owing to resource constraints, schemes like PF, ESI, CGHS, etc. have been designed to make the working population contribute consistently for their needs and contingencies both during and post employment. Contributions to provident funds are made on a monthly / periodic based on the nature of these funds.