Employee Provident Fund in Tamil | EPF | complete details

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...

Section 80 C full details
A) Guaranteed Return - Low Risk Investments
1. Employee Provident Fund (EPF) -    • Employee Provident Fund in Tamil | EP...  
2. Public Provident Fund (PPF) -    • Public Provident Fund - PPF in Tamil ...  
3. Sukanya Samriddhi Yojana -    • Sukanya Samriddhi Yojana in Tamil | B...  
4. National Savings Certificate
5. Senior Citizen's Savings Scheme
6. Tax saving Deposits

B) Market linked - Moderate Risk Investments
7. National Pension System (NPS) -    • NPS is Tamil | National Pension Syste...  
8. Equity Linked Savings Scheme (ELSS) -    • ELSS - Equity Linked Savings Scheme i...  
9. Infrastructure Investments

C) Insurance linked Products
10. Term Life Insurance
11. Life Insurance Endowment Plans -    • What is ULIP and Guaranteed return pl...  
12. Unit Linked Insurance Schemes (ULIP) -    • What is ULIP and Guaranteed return pl...  

D) Others
13. Housing Loan Principal Repayment
14. Children's Tuition Fee

Complete details on 80C:    • Section-80Cஇல் 14 வழிகளில் முதலீடு செ...  
EPF in Tamil:    • Employee Provident Fund in Tamil | EP...  
PPF in Tamil:    • Public Provident Fund - PPF in Tamil ...  
NPS in Tamil:    • NPS is Tamil | National Pension Syste...  
ULIP/LIC & money back plans:    • What is ULIP and Guaranteed return pl...  
ELSS:    • ELSS - Equity Linked Savings Scheme i...  
Sukanya Samriddhi Yogana:    • Sukanya Samriddhi Yojana in Tamil | B...  
Comparison of 80C:    • Section 80C   Comparison of all inves...  

Watch our income tax series - Calculation, old vs new tax regime, HRA, Income tax savings, Section 80C and more:    • HOW TO CALCULATE INCOME TAX STEP BY S...  

Watch Sharemarket for beginners series:    • Basics of Share Market | Stock market...  

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