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Glossary / Also known as

EPFO contribution

Another name for Provident Fund (PF).

Other names
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What does EPFO contribution mean?

EPFO contribution is another name for Provident Fund (PF). A mandatory retirement savings scheme where both employer and employee contribute a portion of the employee's salary each month.

The two names mean the same thing. You will see "EPFO contribution" in some ledgers, reports and contracts and "PF" in others. The full entry covers how it works, with examples.

Read the full definition of Provident Fund (PF)

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From the glossary

Related terms.

Payroll and labour compliance Provident Fund (PF) A mandatory retirement savings scheme where both employer and employee contribute a portion of the employee's salary each month. Also called EPF, employees provident fund, EPFO contribution Payroll and labour compliance Professional Tax (PT) A state-level tax levied on salaried employees, professionals, and traders based on their income slabs. Also called profession tax, P-tax Company law and governance ESOP (Employee Stock Ownership Plan) A benefit plan that grants employees the right to purchase company shares at a predetermined price after completing a vesting period. Also called employee stock option plan, employee stock options, stock option scheme Statutory compliance Business Compliance The process of adhering to all applicable laws, regulations, and industry standards that govern business operations in India. Also called corporate compliance, regulatory compliance Payroll and labour compliance Employee State Insurance (ESI) A social security and health insurance scheme for Indian workers providing medical, sickness, maternity, and disability benefits. Also called ESIC, ESI contribution, ESI scheme Payroll and labour compliance Factories Act, 1948 The central legislation governing the health, safety, welfare, and working conditions of workers employed in factories in India. Also called Factories Act 1948
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Compliance Statutory Compliance Checklist for Companies in India A statutory compliance checklist lists every filing Indian law requires of a company, with due dates: Companies Act, GST, TDS, PF, ESI and professional tax. OneFinOps Editorial 3 min
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