Question

Employees provident fund is a system in which a certain percentage of ______ of the employee is deducted.

Options

• salary

• total annulments

• total remuneration

Answer 1

Employees provident fund is a system in which a certain percentage of salary of the employee is deducted.

Explanation:

In the Employees Provident Fund system, a certain percentage of the employee’s salary is deducted every month and deposited into their provident fund account. This helps employees save for retirement. Both the employee and employer contribute a fixed percentage of the salary.