An employee’s Provident Fund (PF) number is a unique identification number assigned by the Employees’ Provident Fund Organization (EPFO) of India. It is a crucial number that allows employees to track their PF account and access various services provided by the EPFO. PF numbers are typically printed on an employee’s salary slips and can also be found on their EPF passbooks.
Having a PF account offers several advantages. It benefits employees by providing them with a sense of financial security and long-term savings. Additionally, PF contributions can help employees save on taxes, as they are tax-deductible. Employers also benefit from the PF scheme as it helps them fulfill their statutory obligations and contribute to the social security of their employees.