How to Manage Statutory Provident Fund (PF) and Pension Contributions in Bhutan

Managing Provident Fund (PF) and pension contributions is an important part of payroll compliance in Bhutan. Employers need to identify the applicable retirement scheme, calculate employee and employer contributions correctly, maintain individual contribution records, and remit the required amounts to the National Pension and Provident Fund (NPPF) within the prescribed time.

How Automated Payroll Software Manages PF, ESI, and Professional Tax

Managing payroll involves more than calculating employee salaries. Businesses in India may also need to calculate and manage statutory deductions such as Provident Fund (PF), Employees’ State Insurance (ESI), and Professional Tax (PT), depending on employee eligibility and applicable state rules.

The Employees' Provident Fund (EPF) Scheme, 2026 replaces the 1952 framework, moving PF administration under the Code on Social Security, 2020. Key updates include mandatory 15-day Form V consolidated returns, explicit liability rules for registered and unregistered contractors, flexible Voluntary Provident Fund (VPF) adjustments, and consolidated 3-category partial withdrawal rules with a 25% minimum balance requirement.