What is the difference between Provident Fund and Pension Fund? скачать в хорошем качестве

What is the difference between Provident Fund and Pension Fund?

To know more about our offerings and services, visit our website. http://marketsecrets.in Join our telegram channel for daily updates and new strategies: https://t.me/marketsecrets "Investing in yourself is the best investment ever" is one of the best quote ever said about investing. We, at Market Secrets believe in it as well. Our series of videos covers unique market research, market trends & strategies which would help you accumulate wealth in long term. Subscribe to the channel for more. As part of Market Secrets - Tax Saver Series, we will cover various aspects and instruments that can be used for tax savings. If you have any comments/suggestions, please do leave it in the comments section of the video. Also, if you want us to cover any specific items related to investing, please mention that as well. What is the Difference between Provident Fund & Pension Fund? EPF (Employee Provident Fund) Contribution: When you start working, you and your employer both contribute 12% of your basic salary into your EPF account Provident Fund & Pension Fund Contribution: The entire 12% of your contribution goes into your EPF account. Along with this 3.67% (out of 12%) from your employer goes into your EPF account. While the balance 8.33% from your employer’s side is diverted to your EPS (Employee’s Pension Scheme) – Capped at 1,250 Rupees PM The interest is the prevailing interest rate and is fixed by RBI frequently. Example: Let us say, your contribution to EPF is Rs 3,000 (Assuming basic pay is Rs 25,000. 12% of this would be Rs 3,000). Your employer’s contribution will also be Rs 3,000 but would be split as follows. EPF - Rs 1,750 and EPS - RS 1,250 Total Contribution Each Month: EPF = 3000 + 1750 = 4750 EPS = 1250