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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 HRM tracks PF balances per employee, supports configurable contribution rates and emits the statutory deduction in each pay run.

Provident Fund (PF) in practice

See how Zaffre HRM implements provident fund (pf) across HR, payroll, attendance and operations.

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