Wed, Jul 10, 2024
While the EPF scheme offers a fixed compound return of 8.25 per cent annually, the NPS is a market-linked scheme, where the returns may vary based on equity proportion or fund manager selection. The interest earned and the maturity amount in EPF are tax-free, while there is no tax on NPS corpus if one is withdrawing up to a 60 per cent lump sum at the time of retirement.
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Tue, Jun 25, 2024
While, people investing in both options can enjoy the tax benefit of section 80C, exemptions and deduction rules differ for both. This article decodes those differences.
Mon, Jun 17, 2024
While, PPF is a interest rate-based guaranteed return scheme, NPS is a market-linked investment programme, where one can select investment plans and the manager based on aggressive, moderate and conservative return approach.
Fri, Apr 19, 2024
Investors aiming to create a sizeable retirement corpus may opt for National Pension Scheme (NPS) or the Employees' Provident Fund (EPF). NPS is a voluntary contribution scheme where one can invest up to the age of 75. One can also withdraw 60 per cent of their corpus at age 60 and get a monthly pension for the rest of their annuities. EPF, on the other hand, provides a tax exemption on the maturity amount. EPF deposits up to Rs 1.50 lakh are tax free under Section 80C of the Income Tax Act.
Mon, Mar 21, 2022
Many people often get confused between Employee Provident Fund and Public Provident Fund. It is very important for an individual to understand the basic difference between the two to make better financial choices in life. Here are the basic differences between EPF and PPF.
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