Provident Fund under The Employee's Provident Funds Act ,1952
The Employees’ Provident Funds and Miscellaneous Provisions Act, provides for compulsory contributory fund for the future of an employee after his retirement or for his dependents in case of his early death.
It extends to the whole of India except the State of Jammu and Kashmir and is applicable to:
every factory engaged in any industry specified in Schedule 1 in which 20 or more persons are employed;
every other establishment employing 20 or more persons or class of such establishments which the Central Govt. may notify;
any other establishment so notified by the Central Government even if employing less than 20 persons.
