PF Meaning In English
PF translation, meaning, definition, explanation and examples of relevant words and pictures - you can read here.
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Meaning
Provident Fund is a government managed pension scheme for employees where every religion can contribute a part of their pension fund
Example
PF stands for Provident Fund.
Employees pay 12% of their basic salary along with gratuity into their EPF (Employee Provident Fund) account every month.
For Ex: Basic salary Rs.15,000 per month employee contribution should be 12% of 15,000 which is Rs.1800/- this amount is employee contribution.
Sentence
Employees Provident Fund has fixed the PF interest rate for 2022-2023 at 8.15%.
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