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Voluntary Provident Fund, Difference between EPF and PPF
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Feb 26, 2023
bemoneyaware.com
EPF vs PPF vs VPF #epf #ppf #VPF #gk #taxconsultant #taxes #EmployeeBenefits #public #Salary #everyonehighlights #indian #EmployerLiability #SelfCare #voluntarybenefits #interestrates #Govt #govtfixed #taxplanning #taxbenefits #retirement | Tax Consultant
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EPF vs PPF vs VPF #epf #ppf #VPF #gk #taxconsultant #taxes #Emplo…
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FacebookTax Consultant
Guaranteed scheme for salaried employees! Voluntary Provident Fund (VPF) aka Voluntary Retirement Fund is the voluntary fund contribution from the employee towards his Provident Fund (PF) account. This contribution is beyond the 12% of contribution by an employee towards his EPF. The maximum contribution is up to 100% of Basic Salary and Dearness Allowance. Interest is earned at the same rate as the EPF. Employers are under no obligation to contribute to their employees’ VPF portfolio. Likewise,
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FacebookPooja Patel CFP
More returns than FD & no tax 🤩 📍VPF is a tax saving alternative under the EEE category (Exempt on contribution, Exempt on interest/return & exempt on maturity) 📍It is managed by goverment of India and earns set interest so it is seen as a risk free investment 📍 Currently the interest rate on VPF is 8.1% which is higher than other government schemes like PPF, SSY, etc and higher than most leading bank FDs 📍VPF is an extension of EPF. So, salaried employees having an EPF account qualify for
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