Section 5 of EPFMA : Section 5: Employees? Provident Fund Schemes

EPFMA

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Explanation using Example

Imagine a scenario where the Central Government decides to create a new Provident Fund Scheme specifically for IT sector employees, recognizing the growing workforce in this sector. The government issues a notification in the Official Gazette, announcing the "IT Employees Provident Fund Scheme". This Scheme outlines the rules for the contribution to and withdrawal from the Provident Fund (PF) for these employees, and it applies to all IT companies operating in the country.

The newly established IT Employees Provident Fund is now managed by the Central Board, whic...

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