Every business owner has to register their company for provident fund necessarily if it employed 20 people. PF regulation is beneficial to all salaried employees but carries an interest rate. Both employers, as well as employees, contribute 12% of their monthly income in PF. Registering for PF is very easy as the entire process is carried out online and it can be completed within a few hours. The regulation is administered by the Employees’ Provident Fund Organisation (EPFO) and governed by The Ministry of Labour and Employment.