Mon, Sep 09, 2024
EPF Maturity Amount Calculator: Employees' Provident Fund (EPF) is a retirement scheme where private sector employees can make a monthly contribution to build a retirement corpus. Contributions up to Rs 1.50 lakh in a financial year provide tax benefits under Section 80C of the Income Tax Act, 1961.
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Thu, Apr 04, 2024
The EPF scheme is run by Employees' Provident Fund Organisation (EPFO), which offers a 8.25 per cent interest rate. As per the EPFO rule, an employee can contribute a maximum of 12 per cent of the basic wages+ dearness allowance+ retaining allowance. The employer, meanwhile, also contributes 12 per cent of pay, out of which 8.33 per cent of the pay is diverted to pension fund and the rest 3.67 per cent goes to EPF. EPF is one of the few categories that enjoys the exempt-exempt-exempt (E-E-E) status from the Income Tax Department.
Thu, Jan 25, 2024
If you want to increase your EPF contribution for higher interest rates, you can do that through VPF (Voluntary Provident Fund). However, it is not possible to do directly.
Sat, Sep 23, 2023
The Employees' Provident Fund and the Voluntary Provident Fund serve as one of the essential tools for retirement income. While contributing to EPF is mandatory, you can choose to contribute towards a VPF account for higher savings.
Fri, Oct 22, 2021
PPF is a savings scheme offered by the central government.
Thu, Aug 05, 2021
Planning a retirement needs a serious thought process and proper research so that you should have enough money to take care of your basic needs after you retire!
Sun, Apr 07, 2019
Tax, investment planning for FY 2019-20: As the new financial year 2019-20 has already started, it is the best time for you to start investing and putting some money in tax-saving products instead of waiting till the end of the financial year.
Sat, Feb 23, 2019
Employees’ provident fund (EPF) interest rate is set to rise from 8.55 per cent to 8.65 per cent , giving private sector employees more monetary benefit from their deposits.
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