Provident fund contribution or EPF has two sides – the employer’s contribution and employee’s contribution.This is usually12 per centof the basic salary. However, this contribution is not paid out . It is directly deposited in Provident Fund(PF) account and paid to employee when he retires...
If I remember correctly, the EPF Act, 1952, and the PG Act, 1972 are the only labor laws applicable to teachers in private schools and colleges. However, the non-teaching staff come under the purview of labor laws, including the IDA, 1947, subject to the conditions of applicability. ...