Employer’s contribution towards EPF would be Rs. 550 *3.67% of 15,000) Total monthly contribution towards EPF = Rs. 2,350 (Rs. 1800 + Rs. 550) Considering the current EPF contribution rate to be 8.5%, the monthly interest on EPF would be- 8.5% of 2,350 (8.5% of monthly EPF con...
Basic Monthly Salary ₹ Current Age Retirement Age Your contribution to EPF % Employer's contribution to EPF % Current Rate of Interest % Total Maturity Amount ₹ 52,11,482 Avoid tax lossesTalk to a CA Now! What is EPF? The Employee Provident Fund (EPF), is a particular retirement ben...
employee may choose to put in contribute more than this, voluntarily he can do so at any rate he desires upto 100% of basic and D.A. The contribution will earn the same
Once the contribution is made through VPF, it is treated exactly like contribution through PF, there is no difference.All rules that apply to interest rate/loan/transfer/withdrawal from EPF apply to VPF as well. In passbook, VPF contribution does not appear differently. When youtransfer/withdraw...
Table comparing EPF and NPS is given below Should you transfer EPF to NPS? No because Currently, there is no other scheme that gives an assured return of around 8% and that too tax-free. EPF contribution happens before salary comes to the bank account so it is compulsory saving for retire...