What is meant by PF account no give example?
What is meant by PF account no give example
is it pan card number ?
- Anonymous1 decade agoFavorite Answer
PF Account = Provident Fund Account.
The Employees Provident Fund Organisation has been established to administer the Employees’ Provident Funds & Miscellaneous Provisions Act, 1952.
The Preamble to the EPF & MP Act, 1952 sets the tone for the institution of provident funds, pension funds and deposit linked insurance funds for employees in factories and other establishments.
Mission statement of EPFO
To extend the reach & quality of publicly managed old-age income security programmes through consistent and ever improving standards of compliance and benefit delivery in a manner that wins the approval and confidence of Indians in our methods, fairness, honesty and integrity, thereby contributing to the economic and social well-beings of
Brief History of EPFO & Context of its formation
In conformity of the spirit of the “Directive Principle of State Policy” as enumerated in the Constitution of independent India, the need for a vigorous social security cover in the changing environment resulted in the legislation of the Employees Provident Funds & Miscellaneous Provisions Act 1952, as an endeavour to provide a life of dignity for the
employees and their dependents once they ceased to earn their normal livelihood.Source(s): Bye...