Employee Provident Fund (EPF) - Everything you need to know | Section 80C

In this video we explained the details of Employee Provident Fund

EPF comprises three different parts:
1. EPF (Employee Provident Fund)
2. EPS (Employee Pension Scheme)
3. EDLI (Employee Deposit Linked Insurance)

It is mandatory for all organizations with more than 20 employees and employees drawing Basic + DA less than Rs 15000

How it works?
The employee contributes 12% and employer contributes 12% of Basic+DA. Depending on your income, there are multiple scenarios

Taxation?
It comes under EEE category

What is special about EPF?
Employer contribution is tax free with a limit of 7.5 L combined across NPS, Superannuation fund and EPF

Withdrawal
At Maturity/retirement
2 months of unemployment
Partial withdrawal - https://www.epfindia.gov.in/site_docs...

Complete details about section 80C:    • Employee Provident Fund (EPF) - Every...  



   • Employee Provident Fund (EPF) - Every...  


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