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Which of the following is correct about Provident Fund? |
It is a statutory deduction as a part of social security. It is decided by the Government under the Provident Fund Act. It is computed as a percentage of (Basic Pay + Dearness Pay) All of the above |
All of the above |
The correct answer is option 4- All of the above. Provident Fund (PF) is a statutory deduction, as part of social security. It is decided by the Government under the Provident Fund Act and is computed as a percentage of (Basic Pay + Dearness Pay, if applicable). |
