Provident Fund ,1952

PF act provides for PF , Family Pension fund & deposit Linked Insurance for employees in factories & other establishments.

Applicability of this Act ::

1) PF Act is applicable to all those organisation where 20 or more peopel are employed or were employed at any time during the last 1 year .

2) Central Govt may even give instructions even to apply provision of PF act to a company which employs < 20 people .

What if number falls below 20 ??

# An establishment to which act implies shall to be governed by this act even when the number falls below 20 .

# Even if for a single day number of employees was 20 the act will apply to it . However casual employees will not be taken but if an establishment employs temporary employees as a regular feature such employees cannot be considered as casual employees & thus will be counted .

Appropriate Govt :

It maybe central Govt or state Govt .

Contribution of PF ::

Rate of Contribution :: 12% of BAsic Wages +DA (if applicable )

Both ER & EE have to make equal contribution .

ER contribution have not to be deducted from the wages of member .