Benefits of EPF to Employees
Tax-free
earnings: The Money that is deposited in your PF Account get the
Interest Decided by Government. The Amount is Tax-Free. Employee Don’t Need to
Pay any Tax for their PF Earnings.
Retirement –
At the Time of Retirement Employee gets the Amount which he/she Saved During
his Job.
Emergencies –
The funds are also useful in times of emergencies to meet certain requirements
for which premature withdrawals are allowed in certain cases.
Loss of
income – If an employee for some reason cannot work any longer,
these funds help tide over the loss of income.
Long-term
savings option: EPF is Good Option for a Long-term Saving Goals and also
Tax-free.
Pension: Along
with provident funds, an employer also contributes towards an employee’s
pension fund which the employee can eventually use upon retirement.
Insurance: An
employer also contributes towards an employee’s life insurance in the absence
of a group cover, thereby ensuring employees are
No comments:
Post a Comment