Payroll · Glossary
Provident Fund (PF)
A retirement-savings deduction matched by employer contribution, mandated in many South Asian markets.
Full definition
Provident Fund (PF) is a retirement-savings scheme in which both employee and employer contribute a percentage of basic salary into a fund that the employee accesses at retirement, resignation or under defined hardship rules. Zaffre Axon tracks PF balances per employee, supports configurable contribution rates and applies the deduction in each pay run.
Provident Fund (PF) in practice
See how provident fund (pf) is handled in Zaffre Axon across HR, payroll, attendance and operations.
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