PF is the amount which is deducted from the salary of the employees and later added to his / her EPF account. It promotes the altitude of savings of employees and benefits them after the retirement. It is considered as a retirement savings. It is around 12 percent of the salary which is contributed in EPF.
It must be filled by the 25th of each month. It counts from the 25th April of the year to the year ended on 31st March. You can check your balance online anytime. And with the PF statement, you can calculate it at the end of a year.
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