Employers in India are required by law to provide their employees with a Provident Fund (PF), which is a retirement savings scheme. The PF is administered by the Employees' Provident Fund Organisation (EPFO), which is a statutory body under the Ministry of Labour and Employment of the Government of India.

Here are a few reasons why employers in India are required to provide PF to their employees:

1.    Retirement savings: The primary purpose of the PF is to provide a retirement savings option for employees. By contributing a portion of their salary to the PF, employees can build up a retirement corpus that they can rely on when they retire.
2.    Employee welfare: The PF is designed to promote the welfare of employees by ensuring that they have a financial cushion to fall back on when they need it the most.
3.    Social security: The PF scheme is also a form of social security for employees. It ensures that they have access to a retirement fund, even if they are not able to contribute to it regularly.
4.    Tax benefits: Both the employee and the employer can avail of tax benefits on contributions made to the PF. This makes it an attractive savings option for both parties.
5.    Regulatory compliance: Finally, it's important for employers to provide PF to their employees to comply with the law. Failure to do so can result in penalties and legal action.
In summary, providing PF to employees is not only a legal requirement but also a valuable employee benefit that can promote their financial security and well-being.