Employees’ Provident Fund is a social security scheme that helps employees save a small portion of their salary for future benefits. Every company has to offer its employees an EPF or Employees Provident Fund which is akin to a retirement fund. EPF comes under the purview of the Employees’ Provident Funds and Miscellaneous Provisions Act, 1952.
A Private limited company which crossed more than 20 employees are mandatory
Any business entity which entitle to give benefit to employee in the mode of PF can take voluntary PF registration even 20 employees not crossed.