PROVIDENT FUND - LABOUR LAW 2

💼 Provident Fund (PF) | Easy Explanation for Students

Provident Fund (PF) is a compulsory savings scheme where both the employee and employer contribute a part of the salary every month. This amount is saved and given to the employee at the time of retirement or can be withdrawn in certain situations like illness, unemployment, or emergencies.

📖 Governed by the Employees’ Provident Funds and Miscellaneous Provisions Act, 1952

🔍 Why PF is important?
✔ Financial security after retirement
✔ Encourages regular savings
✔ Support during emergencies
✔ Important topic in Labour Law exams

🎯 Simple, clear, and exam-focused explanation for LLB students.

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