Check How EPF Helps You Save On Tax in India
The Employees' Provident Fund (EPF) is a popular retirement savings scheme in India that is regulated by the Employees' Provident Fund Organisation (EPFO). Under this scheme, a portion of an employee's salary is deducted each month and contributed to a fund, which earns interest and can be withdrawn upon retirement. Apart from providing a valuable source of retirement income, EPF also offers significant tax benefits to its subscribers. In this article, we will explore how EPF helps you save on tax in India.EPF contribution and tax benefitsAs per current regulations, both the employer and the employee contribute 12% of the employee's basic salary and dearness allowance (DA) to the EPF account each month. The entire contribution made by the employee can be claimed as a deduction under Sectio...










