Definition
EPF is the provident fund scheme run by the Employees' Provident Fund Organisation (EPFO). Covered employers deduct the employee's share from wages and pay it with the employer's share every month. In manpower tenders on GeM, the price must include the employer's EPF contribution, and buyers usually ask for proof of deposits (challans/ECR) before releasing monthly payments.
In simple words
EPF = staff ka PF. Manpower tender mein iska paisa rate mein jodna hi padta hai.
Related terms
Guides on this topic
This is a general explanation. Confirm exact limits, percentages and timelines in the bid document and on gem.gov.in.
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