2. Employee Provident Fund (EPF)
Tuesday, January 9, 2018, 7:09 PM
Employee Provident Fund helps salaried employees save tax and accumulate a tax-free corpus. Under the EPF scheme, an employee has to contribute 12% of his basic salary each month, towards his EPF account. An equal amount is contributed by the employer. Only 3.67% of employer contribution goes into the EPF account. The remaining 8.33% goes towards the EPS account. EPF enjoys EEE benefit.