EPF Retirement Corpus: How much maximum fund can one generate with starting basic salary of Rs 25,000, Rs 30,000, or Rs 35,000?
EPF Interest Calculator: Employees' Provident Fund is a popular retirement investment option among private sector employees. They can contribute monthly and increase their investment amount as their salary increases. Or, they can also choose to contribute a fixed minimum amount. The scheme provides compound interest and immense tax benefits.
Retirement Planning: Employees' Provident Fund (EPF) is the primary retirement investment scheme for most Indians working in the private sector. They can contribute monthly during their service period and create a retirement corpus that can help them achieve their financial goal. EPF subscribers can start contributing with a minimum amount and gradually increase their contribution as their monthly income increases. The scheme provides compound interest, and the maturity amount is tax-free. Know more about the scheme and what's the maximum retirement corpus one can generate with the starting basic salary of Rs 25,000, Rs 30,000, or Rs 35,000?
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(Disclaimer: This is not investment advice. Do your due diligence or consult an expert for retirement planning.)
EPF: Minimum and maximum investment
EPF interest rate
EPF contribution from employer
When can one withdraw EPF corpus
EPF tax benefits
EPF retirement corpus calculation
We will calculate the retirement corpus on basic salaries of Rs 25,000, Rs 30,000, or Rs 35,000. The duration of the EPF contribution will be 35 years (from 25 years of age to 30). The contribution will be 12 per cent of the basic salary and DA. We are also expecting a salary increase of 5 per cent.